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April 7, 2014
09:21 EDTOUTROuterwall Q2 revenue guidance could miss consensus, says Northland Securities
Northland Securities believes that Outerwall's Q2 sales guidance could be conservative and below consensus, as the firm thinks that Q2 is on track to be one of the weakest quarters for domestic box office revenue in a few years. The firm expects Redbox's performance in Q1 to be solid, however. It keeps a $75 price target and Market Perform rating on the shares.
News For OUTR From The Last 14 Days
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January 22, 2015
06:53 EDTOUTROuterwall volatility increases on wide price movement
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January 21, 2015
08:54 EDTOUTROuterwall Redbox rental volume drops look to be accelerating, says Pacific Crest
Pacific Crest says that the decline in the rental volumes of Outerwall's Redbox appears to be accelerating to the downside. The firm says that the company's 2015 EBITDA guidance was well below its expectations, and it thinks the company may slow or stop its share buybacks. The firm believes that Outwerwall's EPS and free cash flow are likely to decline significantly in coming years, and it reiterates an Underperform rating.
January 20, 2015
16:23 EDTOUTROn The Fly: Closing Wrap
Stocks began the session in positive territory, but the major averages were unable to hold their early gains. Lackluster earnings reports, the falling price of oil, and lowered global growth expectations appeared to be too much to overcome after a three day holiday weekend. The Dow led the way lower and had losses of more than 100 points before reversing and slowly paring its losses. Late in the day the averages made it back to positive ground, as investors await the next round of earnings due out after the close. ECONOMIC EVENTS: In the U.S., the NAHB homebuilder sentiment index fell to 57 in January, missing expectations for it to hold steady at 58. In China, Q4 GDP growth of 7.3% came in slightly better than expected, though that puts the nation's 2014 GDP growth at 7.4%, which was the lowest reported in 24 years. Of note, the International Monetary Fund cut its forecast for global growth in 2015 to 3.5% and in 2016 to 3.7%, which were both revised down by 0.3% relative to the organization's October 2014 outlook. COMPANY NEWS: Shares of Johnson & Johnson (JNJ) led all decliners on the Dow Jones Industrial Average with a drop of $2.75, or 2.64%, to $101.29 after its Q4 earnings were nearly in-line and its FY15 outlook failed to spur buying of the stock... Morgan Stanley (MS) declined 14c, or 0.4%, to $34.75 after the firm became the latest in the financial space to report headline earnings that missed expectations. MAJOR MOVERS: Among the notable gainers was Smith & Wesson (SWHC), which rose $1.65, or 16.47%, to $11.67 after the gunmaker increased its financial guidance and said it has seen recent, positive trends in the primary indicators it uses to assess its business and the consumer firearm market. Also higher was Orbitz Worldwide (OWW), which jumped 79c, or 8.62%, to $9.95 after Bloomberg reported that the online travel agency is working with an adviser to contact potential buyers and has drawn interest from private-equity funds and "other Internet companies." Among the noteworthy losers was FXCM (FXCM), which plunged $11.03, or 87.33%, to $1.60 after the stock reopened following the company struck a $300M rescue agreement with Leucadia (LUK) and gave further details on that deal over the weekend. Also lower were shares of Redbox owner Outerwall (OUTR), which fell $15.72, or 20.21%, to $62.05 after the company announced that its CEO had stepped down. INDEXES: The Dow rose 3.66, or 0.02%, to 17,515.23, the Nasdaq gained 20.46, or 0.44%, to 4,654.85, and the S&P 500 advanced 3.13, or 0.15%, to 2,022.55.
12:42 EDTOUTROuterwall moves off low of the day, levels to watch
The stock is making a modest move higher off the earlier low of the day at $64.30, which is now intraday support. Resistance above is at $65.75.
12:34 EDTOUTRRedbox owner Outerwall sinks after CEO steps down
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11:03 EDTOUTROuterwall initial outlook for FY15 conservative, says Piper Jaffray
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08:41 EDTOUTROuterwall sees FY15 core adjusted EBITDA in-line with FY14
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08:36 EDTOUTROuterwall sees FY14 free cash flow $235M-$240M
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08:36 EDTOUTROuterwall narrows Q4 core EPS view to $2.40-$2.52, consensus $2.06
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08:32 EDTOUTROuterwall CEO Di Valerio steps down, Denzel appointed interim CEO
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08:31 EDTOUTROuterwall CEO Di Valerio steps down, Denzel appointed interim CEO

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