Outerwall (OUTR) to Release Quarterly Earnings on Thursday
Outerwall (NASDAQ:OUTR) is set to announce its Q313 earnings results on Thursday, October 24th. Analysts expect the company to announce earnings of $0.88 per share and revenue of $577.32 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
Outerwall (NASDAQ:OUTR) last released its earnings data on Thursday, July 25th. The company reported $1.91 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.99 by $0.92. The company had revenue of $554.20 million for the quarter, compared to the consensus estimate of $564.22 million. During the same quarter last year, the company posted $1.25 earnings per share. Outerwall’s revenue was up 4.1% compared to the same quarter last year.
Shares of Outerwall (NASDAQ:OUTR) opened at 62.698 on Wednesday. Outerwall has a 52 week low of $40.50 and a 52 week high of $65.60. The stock has a 50-day moving average of $60.06 and a 200-day moving average of $57.85. The company has a market cap of $1.716 billion and a P/E ratio of 14.59.
A number of analysts have recently weighed in on OUTR shares. Analysts at Compass Point reiterated a “neutral” rating on shares of Outerwall in a research note to investors on Tuesday. They now have a $60.00 price target on the stock, up previously from $50.00. On the ratings front, analysts at Zacks downgraded shares of Outerwall from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, September 19th. They now have a $59.40 price target on the stock. Finally, analysts at Northland Capital Partners cut their price target on shares of Outerwall from $81.00 to $62.00 in a research note to investors on Tuesday, September 17th. They now have an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. Outerwall currently has a consensus rating of “Hold” and a consensus price target of $61.57.
Outerwall Inc, formerly Coinstar, Inc, is a provider of automated retail solutions, which offers convenient products and services.
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