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Coinstar, Inc.

6/19/2013, 9:54 PM ET

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Thursday, June 6, 2:47 PM Redbox Instant (CSTR, VZ) will be available soon to Roku users as the companies look to expand access to their streaming service. It's the second major deal of the week in the streaming space appearing like it could put some pressure on Netflix (NFLX -3.4%) and Hulu after Amazon landed a plush content arrangement with Viacom earlier. 4 Comments [Consumer, Tech]
Wednesday, May 29, 9:46 AM Coinstar (CSTR +1.8%) trades higher after B. Riley issues glowing commentary to clients on the company's prospects. The firm sees a major second half recovery for Redbox sales and notes Coinstar's strong free cash flow makes shares attractive. With a price target of $100 in place, B. Riley is the bullish of the CSTR bulls. Comment! [Consumer, On the Move]
Thursday, May 23, 7:18 AM Coinstar (CSTR) CFO Galen Smith says the company will see better results in the second half of the year as it benefits from a strong slate of summer movies. Box office total in the U.S. have slumped so far this year with a relatively weak slate of films partially to blame. Execs with Coinstar presented yesterday at the B. Riley & Co. Investor Conference. (webcast) Comment! [Consumer]
Monday, May 20, 2:44 PM Coinstar (CSTR +1%) offers to let consumers watch The Hobbit: An Unexpected Journey for free as long they sign up for a Redbox Instant account, give up their credit card information, and take to Twitter to spread the word. The promotion could boost quarterly subscriber numbers for the streaming service as it runs into a soft patch for its movie release schedule and with Netflix breathing down its neck. Comment! [Consumer]
Monday, May 13, 3:56 PM The 25 most heavily shorted stocks (as a percent of float) in the S&P 1500 as of the end of April are up 6.75% in May, trouncing the S&P's 2.33% gain, according to Bespoke - and this doesn't include Tesla, up 57% with 40% of its float shorted, but not a S&P 1500 member. The top 5 heavily shorted: BTH, QCOR, CSTR, BRLI, SPPI. The rest in another post. 4 Comments
Tuesday, April 30, 3:08 PM When will the DVD business of Coinstar (CSTR -1.3%) become fully saturated? The answer depends on who you ask with Wedbush seeing revenue falling even as new kiosks are being added while B. Riley isn't so sure the lack of blockbuster films in Q1 isn't a big factor in Coinstar's sluggish DVD business. During its earning conference call, execs noted the company is taking back market share as competitors peel away and think Coinstar will continue to have an advantage in the market for new releases. (transcript) 3 Comments [Consumer]
Friday, April 26, 9:11 AM Premarket gainers: LOGM +19%. AVNR +16%. SYNA +17%. QLIK +12%. CRIS +9%. DHI +7%. THRX +7%. MUX +7%. JCP +7%. CSTR +6%.
Losers: PKI -14%. SIMO -11%. BIDU -9%. KEG -8%. SDT -5%. Comment! [On the Move]
Friday, April 26, 7:36 AM More on Coinstar (CSTR): The number of dispensers the company operates remained flat at 47K but the firm aims to improve Redbox’s performance by increasing the number of movies and relocating kiosks from lower-performing locations. CEO Scott Di Valerio notes the rationale behind a name change to Outerwall and a new ticker symbol of OUTR is to expand beyond the imagery of counting coins. During the earnings call ( transcript ), the exec called out solid growth for the Redbox DVD business over the next three years. (Previous on CSTR earnings: I, II) Comment! [Earnings, Consumer]
Thursday, April 25, 4:51 PM More on Coinstar (CSTR): Q1 misses on revenue but beats on a per share basis. Net profit fell 58% Y/Y as growth continues to decelerate in its Redbox DVD-rental business and expenses increased. Revenue from Redbox rose just 1%, continuing a trend of slowing revenue growth. Total expenses increased 7.5%, due to an increase in input costs related to higher DVD content purchases and more kiosks installed in H2. The company also says it plans to seek approval from shareholders to change its name to Outerwall Inc. Shares +5.4% AH. Comment! [Earnings, On the Move]
Thursday, April 25, 4:10 PM Coinstar (CSTR): Q1 EPS of $0.93 beats by $0.07. Revenue of $574.7M misses by $5.3M. For Q2, sees EPS of $0.90 to $1.05 per share and revenue of $555M to $580M. The Street is at $1.24 per share in EPS on revenue of $585.8M. (PR). Shares +5% AH. 1 Comment [Earnings, On the Move, Breaking News]
Thursday, April 25, 12:10 AM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Wednesday, April 24, 5:35 PM Notable earnings after Thursday’s close: AEM, ALTR, AMCC, AMKR, AMZN, BIDU, BJRI, BLDR, BMRN, CALX, CAMP, CB, CBG, CENX, CERN, CINF, CLWR, CRUS, CSTR, CTCT, DECK, DLB, ELY, EMN, EXPE, FII, FR, FSL, GERN, IGT, IM, INAP, INFA, KBR, KEG, KLAC, LEG, MCRS, MXIM, N, NR, NTGR, OLN, PFG, PKI, PMCS, QLIK, RMD, RRC, RSG, SBUX, SIMO, SPN, SWKS, SYNA, TCO, THRX, TLAB, UHS, VPRT, VRSN, WRE, WYNN Comment! [Earnings]
Thursday, April 18, 10:27 AM Coinstar (CSTR -3.2%) trades lower after ITG Research revises its estimate for revenue based on what the investment firm thinks are weak sales trends for CSTR in March. 6 Comments [Consumer, On the Move]
Monday, April 1, 9:08 AM Never mind the Ackman hype, Coinstar (CSTR) is more heavily shorted than Herbalife (HLF) — by a long shot. 50% of the Redbox parent's shares are sold short, up dramatically from 27% last year. At issue: whether physical DVD sales can keep pace with streaming video and whether the company's forays into the digital realm will prove viable. Comment! [Tech]
Tuesday, March 26, 8:12 AM Coinstar (CSTR -0.4%) looks ripe to run higher even after shares have run up a double-digit gain this month, according to B. Riley. The investment firm's bull thesis is centered on the idea that investors have under-appreciated the sheer size of the DVD rental market and the opportunities for Redbox on the digital side. CSTR +2.8% premarket to $57.50. Comment! [Consumer, On the Move]
Friday, March 15, 10:07 AM Coinstar's (CSTR -0.8%) Redbox Instant is out in the wild now as the highly-anticipated streaming service moves out of a testing phase to full functionality. A key point to watch: Can Redbox Instant draw customers away from Netflix and Amazon with its library limited and the service missing many exclusive titles which would make it a must-have. Many of the titles come from Epix, whose library is also found on Netflix and Amazon Prime. Comment! [Consumer, Tech]

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