Key Developments: Coinstar Inc (CSTR.O)
56.92USD
17 May 2013
$1.17 (+2.10%)
$55.75
$56.09
$56.99
$55.50
688,582
794,278
$71.82
$40.50
Latest Key Developments (Source: Significant Developments)
Coinstar Inc Issues Q2 2013 Earnings Guidance Below Analysts' Estimates; Narrows FY 2013 Revenue Guidance To A Range In Line With Analysts' Estimates; Raises FY 2013 Earnings Guidance
Coinstar Inc announced that for second quarter of 2013, it expects consolidated revenue between $555 million and $580 million, core adjusted EBITDA between $103 million and $113 million and core diluted EPS between $0.90 and $1.05 on a fully diluted basis. For fiscal 2013, it expects consolidated revenue between $2.385 billion and $2.545 billion; core adjusted EBITDA between $483 million and $518 million and core diluted EPS between $5.05 and $5.55 on a fully diluted basis. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $580 million, EBITDA of $118 million and EPS of $1.21 for the second quarter of 2013; revenue of $2.416 billion, EBITDA of $479 million and EPS of $5.09 for fiscal 2013. Full Article
Coinstar Inc Announces Closing Of Senior Note Offering
Coinstar Inc announced that it has consummated its private offering to sell $350 million in aggregate principal amount of senior unsecured notes due 2019 (the "Notes"). The Notes were sold to investors at a price of 100.000% of the principal amount thereof and will have an interest rate of 6.000% per annum with semi-annual cash interest payments. Coinstar intends to use the proceeds from the offering for general corporate purposes, which may include but is not limited to maintenance or repayment of outstanding debt, acquisitions or other investments, and payment of other corporate expenses. Full Article
Coinstar Inc Announces Pricing of $350 Million Senior Unsecured Notes
Coinstar Inc announced that it has priced its previously announced private offering and will sell $350 million in aggregate principal amount of senior unsecured notes due 2019 (the Notes). The Notes will be sold to investors at a price of 100.000% of the principal amount thereof and will have an interest rate of 6.000% per annum with semi-annual cash interest payments. The closing is expected to occur on March 12, 2013. Coinstar intends to use the proceeds from the offering for general corporate purposes, which may include but is not limited to maintenance or repayment of outstanding debt, acquisitions or other investments, and payment of other corporate expenses. Full Article
Coinstar Inc Announces Offering Of $300 Million Senior Unsecured Notes
Coinstar Inc announced that it intends to privately offer $300 million in aggregate principal amount of senior unsecured notes due 2019 (the "Notes"). Coinstar intends to use the proceeds from the offering for general corporate purposes. Full Article
Coinstar Inc Issues FY 2013 Guidance; EBITDA Guidance Below Analysts' Estimates; Issues Q1 2013 Guidance Below Analysts' Estimates
Coinstar Inc announced that for fiscal 2013, it expects consolidated revenue between $2.375 billion and $2.555 billion; core adjusted EBITDA from continuing operations between $473 million and $513 million and core diluted EPS from continuing operations between $4.91 and $5.51. For the first quarter of 2013, it expects consolidated revenue between $568 million and $593 million; core adjusted EBITDA from continuing operations between $95 million and $105 million; and core diluted EPS from continuing operations between $0.77 and $0.92. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $624 million, EBITDA of $126 million and EPS of $1.21 for the first quarter of 2013; revenue of $2.506 billion, EBITDA of $515 million and EPS of $5.15 for fiscal 2013. Full Article
Coinstar Inc Announces Executive Leadership Succession Plan
Coinstar Inc announced that the Coinstar Board of Directors has appointed J. Scott Di Valerio, currently Coinstar's Chief Financial Officer, as the Company's next Chief Executive Officer, effective April 1, 2013. Di Valerio was also appointed to the Coinstar Board of Directors effective at that time. Di Valerio will succeed Paul Davis, 55, who is retiring on March 31, 2013. Davis will remain a member of the Coinstar Board of Directors through March. Full Article
Coinstar Inc's Redbox Instant By Verizon and Warner Bros. Home Entertainment Announce Multi-Year Content-Licensing Agreements
Redbox, a wholly owned subsidiary of Coinstar, Inc., and Warner Bros. Home Entertainment have signed a multi-year agreement to bring Warner Bros.' Blu-ray Disc and DVD titles to Redbox kiosks 28 days after their retail release dates. In addition, Redbox announced plans to join the Digital Entertainment Content Ecosystem (DECE) and has agreed to promote UltraViolet through a program of mutually agreed-upon promotions and marketing tactics designed to help retail customers discover UltraViolet. Full Article
Coinstar Inc Issues Q4 2012 Guidance; Lowers FY 2012 Guidance
Coinstar Inc announced that for the fourth quarter of 2012, it expects consolidated revenue between $552 million and $602 million; core adjusted EBITDA from continuing operations between $87 million and $102 million; and core diluted EPS from continuing operations between $0.62 and $0.77 on a fully diluted basis. For fiscal 2012, it expects consolidated revenue between $2.190 billion and $2.240 billion; core adjusted EBITDA from continuing operations between $455 million and $470 million and core diluted EPS from continuing operations between $4.50 and $4.65 on a fully diluted basis. Full Article
Coinstar Inc Reaffirms FY 2012 Guidance-Conference Call
Coinstar Inc announced that for fiscal 2012, it expects revenues of of between $2.21 billion to $2.31 billion, which was an increase of $55 million on the low end and $30 million on the high end. Core adjusted EBITDA of $480 million to $505 million which was up $15 million on the low end and up $10 million on the high end. And then our core diluted EPS of $4.60 to $4.90 which was an increase of $0.20 on the low end and $0.10 on the upper end of guidance. It is impressive that we are also guiding to $0.5 billion in EBITDA. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $2.27 billion, EBITDA of $484 million and EPS of $4.85 for fiscal 2012. Full Article
Coinstar Inc Announces Gregg Kaplan's Planned Departure In March 2013
Coinstar Inc announced that Gregg Kaplan, President and Chief Operating Officer of Coinstar, Inc. and founder and Interim President of Redbox Automated Retail, LLC, Coinstar's wholly-owned subsidiary, will be leaving the Company in order to pursue new opportunities. Kaplan will remain President and Chief Operating Officer of Coinstar through March 31, 2013, and will continue to oversee Coinstar's new ventures and new business development while focusing on transitioning with the new Redbox president. Full Article
UPDATE 2-Coinstar bets on "Man of Steel," "Iron Man" to boost rental business
April 25 - Coinstar Inc raised its full-year adjusted profit forecast as it bets on a slate of movies scheduled to be released in the third quarter to boost its Redbox video rental business, sending its shares up 8 percent after the bell.
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