RadioShack Corporation (NYSE:RSH), is a $146 million consumer electronics retailer. The company mainly operates brick-and-mortar stores although it also has a presence online. It also operates stores in Malaysia and China. Like most other brick-and-mortar retailers, the company is faced with a challenging business environment as sales decline as expenses increase. The company can be seen trying to manage a turnaround but challenges and time are complicating matters. Tension can also be seen building up between the company and its lenders following recent announcements.RadioShack Corporation (NYSE:RSH) announced plans to close about 1,100 stores, yet the company is only allowed to close 200 stores without seeking the approval of its lead lenders that are GE Capital and Salus Capital Partners. The issue over the announcement is that the struggling retailer went public about its plans to close more stores without first seeking approval of the lenders. RadioShack Corporation (NYSE:RSH) operates about 4,300 stores across the U.S. and it is trying to reduce its location presence efforts to achieve a quick turnaround. Although the company announced plans to close more stores than previously agreed, it said that a permission from the lenders will be required to implement the plan. As such, the company hopes to spend the next few weeks to obtain approval from its lenders over the closure of more stores. The negotiations between RadioShack Corporation (NYSE:RSH) and its lenders over the exact number of stores to be closed are expected to take time considering the tension that has already been created by the move by the retailer to go public with the plan without involving the lenders. It is also reported that more than 1,100 store could eventually be closed, according to sources. RadioShack Corporation (NYSE:RSH), shares after opening at $1.39 moved to $1.50 on last trade day and at the end of the day closed at $1.47. Company price to sales ratio in past twelve months was calculated as 0.04 and price to cash ratio as 0.82. RadioShack Corporation (NYSE:RSH), showed a positive weekly performance of 4.26%.
DeVry Education Group Inc (NYSE:DV), was upgraded by analysts at Piper Jaffray from a “neutral” rating to an “overweight” rating in a research report issued to clients and investors on Friday,TheFlyOnTheWall.com reports. Other equities research analysts have also recently issued reports about the stock. Analysts at Zacksreiterated a “neutral” rating on shares of DeVry in a research note on Monday, March 10th. They now have a $43.00 price target on the stock. Finally, analysts at Bank of America reiterated a “neutral” rating on shares of DeVry in a research note on Wednesday, February 5th. They now have a $40.00 price target on the stock, down previously from $42.00. Ten equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $36.13. DeVry (NYSE:DV) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.11. The company had revenue of $496.10 million for the quarter, compared to the consensus estimate of $493.52 million. During the same quarter last year, the company posted $0.90 earnings per share. DeVry’s revenue was down 1.5% compared to the same quarter last year. On average, analysts predict that DeVry will post $2.33 earnings per share for the current fiscal year. DeVry Inc (NYSE:DV) is a provider of educational services and the parent organization of Advanced Academics, American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College and Carrington College California, Chamberlain College of Nursing, DeVry Brasil, DeVry University, Ross University School of Medicine and Ross University School of Veterinary Medicine. DeVry Education Group Inc (NYSE:DV), shares advanced 13.95% in last trading session and ended the day on $45.99. DeVry Education Group Inc (NYSE:DV), return on equity ratio is recorded as 9.70% and its return on assets is 7.10%. DeVry Education Group Inc (NYSE:DV), yearly performance is 62.11%.
Carrols Restaurant Group, Inc. (NASDAQ:TAST), the largest BURGER KING franchisee, globally, announced that Daniel T. Accordino, Chief Executive Officer, and Paul Flanders, Chief Financial Officer, will host a conference call to discuss first quarter 2014 financial results on Tuesday, May 6, 2014 at 8:30 AM ET. A press release with first quarter 2014 financial results will be issued at 7:00 AM ET that same day. The conference call can be accessed live over the phone by dialing 877-941-2068 or for international callers by dialing 480-629-9712. A replay will be available one hour after the call and can be accessed by dialing 800-406-7325 or for international callers by dialing 303-590-3030; the passcode is 4680247. The replay will be available until Tuesday, May 13, 2014. Investors and interested parties may listen to a webcast of this conference call by visiting www.carrols.com under the tab “Investor Relations”. Carrols Restaurant Group, Inc. (NASDAQ:TAST), shares moved up 6.40% in last trading session and was closed at $6.82, while trading in range of $ 6.48 – 6.85. Carrols Restaurant Group, Inc. (NASDAQ:TAST), year to date (YTD) performance is 3.18%.
The Wet Seal, Inc. (NASDAQ:WTSL), updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of ($0.24) for the period, American Banking & Market News reports. The company issued revenue guidance of $124.80 million, compared to the consensus revenue estimate of $136.22 million. A number of analysts have recently weighed in on WTSL shares. Analysts at Thomson Reuters/Verus upgraded shares of Wet Seal from a sell rating to a hold rating in a research note to investors on Monday, January 20th. Analysts at Dougherty & Co downgraded shares of Wet Seal from a buy rating to a neutral rating in a research note to investors on Thursday, December 5th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Wet Seal has an average rating of Buy and a consensus price target of $4.92. Wet Seal (NASDAQ:WTSL) last issued its quarterly earnings data on Wednesday, December 4th. The company reported ($0.12) earnings per share for the quarter, meeting the analysts’ consensus estimate of ($0.12). The company had revenue of $127.70 million for the quarter, compared to the consensus estimate of $134.49 million. During the same quarter last year, the company posted ($0.11) earnings per share. Wet Seal’s revenue was down 6.1% compared to the same quarter last year. The Wet Seal, Inc is a specialty retailer operating stores selling apparel and accessory items designed for female customers aged 15 to 39 years old. The Wet Seal, Inc. (NASDAQ:WTSL), weekly performance is 6.84%. On last trading day company shares ended up $1.25. The Wet Seal, Inc. (NASDAQ:WTSL), distance from 50-day simple moving average (SMA50) is -18.90%. Analysts mean target Price for the company is $2.40.