Outerwall Inc. (OUTR) Sees Unusually-High Trading Volume
Outerwall Inc. (NASDAQ:OUTR) saw unusually-high trading volume on Thursday . Approximately 2,329,558 shares changed hands during trading, an increase of 144% from the previous session’s volume of 955,794 shares.The stock last traded at $51.82 and had previously closed at $51.96.
OUTR has been the subject of several research analyst reports. B. Riley restated a “buy” rating and set a $58.00 price target on shares of Outerwall in a research note on Tuesday, July 19th. JPMorgan Chase & Co. restated a “sell” rating and set a $31.00 price target on shares of Outerwall in a research note on Wednesday, July 20th. Craig Hallum lowered shares of Outerwall from a “buy” rating to a “hold” rating in a research note on Monday, July 25th. Zacks Investment Research upgraded shares of Outerwall from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Thursday, July 28th. Finally, Roth Capital lowered shares of Outerwall from a “neutral” rating to a “sell” rating and set a $38.00 price target for the company. in a research note on Monday, July 25th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $49.50.
The company’s 50-day moving average is $50.94 and its 200 day moving average is $41.89. The stock has a market capitalization of $840.00 million and a PE ratio of 6.66.
Outerwall (NASDAQ:OUTR) last issued its earnings results on Thursday, July 28th. The company reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.04. The firm earned $518 million during the quarter, compared to the consensus estimate of $487.29 million. The company’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.19 EPS. On average, analysts anticipate that Outerwall Inc. will post $7.83 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 6th. Stockholders of record on Tuesday, August 23rd will be paid a $0.60 dividend. The ex-dividend date is Friday, August 19th. This represents a $2.40 annualized dividend and a dividend yield of 4.63%.
In other news, insider Engaged Capital Llc sold 999,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $52.36, for a total value of $52,307,640.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Outerwall Inc is a provider of automated retail solutions. The Company’s business segments are Redbox, Coinstar and ecoATM. Its offerings include Redbox business, which enables consumers to rent or purchase movies and video games from self-service kiosks (Redbox segment); Coinstar business, which enables consumers to convert their coins to cash and convert coins and cash to stored value products at self-service kiosks (Coinstar segment), and ecoATM business, which enables consumers to sell electronic devices for cash at self-service kiosks, and purchase and sell electronic devices for cash through an online solution under its Gazelle brand.
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