RadioShack Corp. (RSH) Set to Announce Earnings on Tuesday
RadioShack Corp. (NYSE:RSH) will be issuing its Q114 quarterly earnings data on Tuesday, June 10th. Analysts expect the company to announce earnings of ($0.51) per share and revenue of $764.31 million for the quarter.
Shares of RadioShack Corp. (NYSE:RSH) opened at 1.47 on Monday. RadioShack Corp. has a one year low of $1.12 and a one year high of $4.36. The stock’s 50-day moving average is $1.36 and its 200-day moving average is $2.16. The company’s market cap is $147.5 million. RadioShack Corp. also was the recipient of a large drop in short interest in May. As of May 15th, there was short interest totalling 31,885,537 shares, a drop of 7.5% from the April 30th total of 34,482,023 shares. Currently, 31.9% of the company’s shares are short sold. Based on an average daily volume of 2,382,755 shares, the days-to-cover ratio is currently 13.4 days.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of RadioShack Corp. from a “neutral” rating to an “underperform” rating in a research note on Tuesday, April 15th. They now have a $1.75 price target on the stock. Analysts at BTIG Research initiated coverage on shares of RadioShack Corp. in a research note on Friday, March 14th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. RadioShack Corp. has a consensus rating of “Hold” and a consensus target price of $1.56.
RadioShack Corporation (NYSE:RSH) is engaged in the retail sale of consumer electronics goods and services through its RadioShack store chain.
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