UBS Maintains a 'Neutral' on RadioShack Corp. (RSH); Big Change Needed, Not More Of The Same Ol'
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Price: $0.24 --0%
Rating Summary:
0 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
0 Buy, 9 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on RadioShack Corp. (NYSE: RSH) price target lowered from $6.25 to $5.50.
Analyst, Michael Lasser, said, "Instead of taking bigger actions like improving merch assortment and reinvesting in making stores more current, the company is making more subtle changes in hopes of achieving better results. We think RSH can’t take bolder steps because it has run out of margin that it could use to absorb a significant assortment change (op margin est. to be 2% in’12 vs. 8.3% in ’10). Its financial flexibility is limited with the company generating an estimated $52 mln in 2012, just above the $50 mm dividend payout."
UBS chops FY12 EPS estimate from $0.66 to $0.25 and FY13 from $0.71 to $0.30.
For an analyst ratings summary and ratings history on RadioShack Corp. click here. For more ratings news on RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $5.34 yesterday.
Analyst, Michael Lasser, said, "Instead of taking bigger actions like improving merch assortment and reinvesting in making stores more current, the company is making more subtle changes in hopes of achieving better results. We think RSH can’t take bolder steps because it has run out of margin that it could use to absorb a significant assortment change (op margin est. to be 2% in’12 vs. 8.3% in ’10). Its financial flexibility is limited with the company generating an estimated $52 mln in 2012, just above the $50 mm dividend payout."
UBS chops FY12 EPS estimate from $0.66 to $0.25 and FY13 from $0.71 to $0.30.
For an analyst ratings summary and ratings history on RadioShack Corp. click here. For more ratings news on RadioShack Corp. click here.
Shares of RadioShack Corp. closed at $5.34 yesterday.
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