Barclays Maintains an 'Underweight' on RadioShack (RSH); 2Q Misses, Verizon (VZ) Announcement Positive
RSH Hot Sheet
Rating Summary:1 Buy, 8 Hold, 4 Sell
Rating Trend:
Down
Today's Overall Ratings:
Up: 19 | Down: 16 | New: 82
Barclays maintains an 'Underweight' on RadioShack Corp. (NYSE: RSH) price target raised by $2 to $14.00.
Barclays analyst says, "RadioShack reported adjusted 2Q EPS of $0.31. This was $0.06 below our $0.37 estimate as well as consensus, which was also $0.37. Comps decreased (7.8)%, compared to +6.7% LY...Management stated that it is comfortable with the 2H range on the Street of $0.81 - $1.07. We maintain our 2011E EPS of $1.57, including $0.91 in 2H. We believe the benefits of the Verizon (NYSE: VZ) deal are unlikely to be realized until 2012; as such, we are raising our 2012E EPS to $1.72 to $1.75 to reflect the deal's anticipated accretion."
For more ratings news on RadioShack Corp. click here and for the rating history of RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $15.69 yesterday, with a 52 week range of $12.28-$23.38.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
Barclays analyst says, "RadioShack reported adjusted 2Q EPS of $0.31. This was $0.06 below our $0.37 estimate as well as consensus, which was also $0.37. Comps decreased (7.8)%, compared to +6.7% LY...Management stated that it is comfortable with the 2H range on the Street of $0.81 - $1.07. We maintain our 2011E EPS of $1.57, including $0.91 in 2H. We believe the benefits of the Verizon (NYSE: VZ) deal are unlikely to be realized until 2012; as such, we are raising our 2012E EPS to $1.72 to $1.75 to reflect the deal's anticipated accretion."
For more ratings news on RadioShack Corp. click here and for the rating history of RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $15.69 yesterday, with a 52 week range of $12.28-$23.38.
Discover Wall Street's best ratings calls with the pros - Ratings Insider Elite. Free Trial!
You May Also Be Interested In
- ICSA Labs to Host May 23 Webinar on Federal Government's Stage 2 'Meaningful Use' Criteria for Electronic Health Records
- Verizon CFO to Speak at Barclays Conference, May 23
- Brean Murray Carret & Co. Reiterates a 'Sell' on Urban Outfitters (URBN); Still No Reason For Optimism
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
BarclaysSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
