Outerwall (OUTR) PT Cut to $61.50 at Roth Capital with Redbox Weak as Expected
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Go back to Outerwall (OUTR) PT Cut to $61.50 at Roth Capital with Redbox Weak as Expected
December 8, 2015 7:45 AM EST
Piper Jaffray maintained an Overweight rating on Outerwall Inc. (NASDAQ: OUTR), and cut the price target to $57.00 (from $88.00), following weak results from the company's Redbox division. Outerwall is now looking for 2015 Redbox revenue of $1.76B at the mid-point, down from prior guidance of $1.8B. The company did not adjust expectations for the... More
December 8, 2015 7:36 AM EST
Wedbush maintained an Outperform rating on Outerwall Inc. (NASDAQ: OUTR), and cut the price target to $59.00 (from $100.00), following weak rentals for its Redbox division. Management increased kiosk inventory in Q4 in order to improve customer engagement, hoping to drive higher volumes by improving quantity... More
December 8, 2015 7:00 AM EST
(Updated - December 8, 2015 9:28 AM EST)
B. Riley upgraded Outerwall Inc. (NASDAQ: OUTR) from Neutral to Buy with a price target of $58.00. Shares decline after Outerwall reported disappointed guidance. However, analyst Eric Wold doesn't think its Q4 guide-down indicates accelerating Redbox decline, and he called the stock's post-market drop an overreaction.
"We had already been modeling a rather... More
December 7, 2015 5:49 PM EST
TherapeuticsMD, Inc. (NYSE: TXMD) 35% HIGHER; announced positive top-line results from its pivotal Phase 3 Rejoice Trial of TX-004HR, an investigational, applicator-free vaginal estradiol softgel, for the treatment of moderate to severe dyspareunia (vaginal pain during sexual intercourse), a symptom of vulvar and vaginal atrophy (VVA) due to menopause. VVA is a chronic condition affecting nearly half of postmenopausal women in the United States that can significantly impair their quality of life.
Outerwall... More
December 7, 2015 5:25 PM EST
Market wrap for December 7th
End of the Day: S&P 500 down 14.6 to 2,077.07; Dow Jones down 117.1 to 17,730.51; Nasdaq down 40.5 to 5,101.81
Market Brief: Falling oil prices pressured the energy segment and broader markets today.
Keurig Green Mountain entered a takeover agreement.
Nike signed NBA superstar LeBron James for the long haul.
Carl Icahn moved to acquire Pep Boys.
Newell Rubbermaid and Jarden are said to be in merger talks.
PIMCO tapped top talent for its new Global Advisory Board.
Gold... More
December 7, 2015 4:15 PM EST
Outerwall Inc. (Nasdaq: OUTR) provided an update on its financial expectations for the full year 2015. The revised outlook reflects lower Redbox segment revenue than expected for the fourth quarter of 2015 based on preliminary results through the end of November and expectations for December, as well as the expected write-off of certain capitalized assets associated with its SampleIt concept, which the company has decided to discontinue.
For the full year 2015, the company now expects:
Redbox revenue between $1.750 billion and $1.765 billion, compared with the prior range of $1.790 billion to $1.815 billion;Consolidated revenue...
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December 7, 2015 4:13 PM EST
Outerwall (NASDAQ: OUTR) trading halted with news pending.
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