RadioShack Corp. (RSH) Releases Quarterly Earnings Results
RadioShack Corp. (NYSE:RSH) announced its earnings results on Tuesday. The company reported ($0.97) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.51) by $0.46, AnalystRatingsNetwork.com reports. The company had revenue of $736.70 million for the quarter, compared to the consensus estimate of $764.31 million.
RSH has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company has an average rating of “Hold” and an average target price of $1.56.
Shares of RadioShack Corp. (NYSE:RSH) opened at 1.54 on Tuesday. 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 $2.15. The company’s market cap is $154.5 million. RadioShack Corp. also was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totalling 31,885,537 shares, a decrease of 7.5% from the April 30th total of 34,482,023 shares. Approximately 31.9% of the shares of the company are sold short. Based on an average daily volume of 2,382,755 shares, the short-interest ratio is presently 13.4 days.
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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