Rent-A-Center Inc (NASDAQ:RCII) – Investment analysts at Jefferies Group cut their FY2017 earnings per share (EPS) estimates for Rent-A-Center in a research note issued on Wednesday. Jefferies Group analyst K. Joseph now expects that the company will post earnings of ($0.17) per share for the year, down from their previous forecast of ($0.12). Jefferies Group has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.57 EPS.
A number of other analysts have also recently weighed in on RCII. Zacks Investment Research raised Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Monday, October 2nd. Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.50 price target on shares of Rent-A-Center in a research report on Wednesday, November 1st. Loop Capital set a $8.00 price target on Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Finally, BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Rent-A-Center has an average rating of “Hold” and an average target price of $11.21.
Shares of Rent-A-Center (NASDAQ RCII) opened at $11.16 on Friday. Rent-A-Center has a 12-month low of $7.76 and a 12-month high of $13.89. The stock has a market capitalization of $594.96, a price-to-earnings ratio of -3.40 and a beta of 0.69. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The firm had revenue of $643.97 million for the quarter, compared to analyst estimates of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. Rent-A-Center’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.11 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of RCII. Arlington Value Capital LLC increased its stake in Rent-A-Center by 85.2% during the second quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after acquiring an additional 1,252,756 shares during the period. JPMorgan Chase & Co. increased its stake in Rent-A-Center by 1,124.8% during the second quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after acquiring an additional 1,128,785 shares during the period. Highbridge Capital Management LLC bought a new position in Rent-A-Center during the third quarter valued at about $5,795,000. Rafferty Asset Management LLC bought a new position in Rent-A-Center during the second quarter valued at about $5,376,000. Finally, GSA Capital Partners LLP increased its stake in Rent-A-Center by 65.4% during the second quarter. GSA Capital Partners LLP now owns 438,150 shares of the company’s stock valued at $5,135,000 after acquiring an additional 173,186 shares during the period.
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Rent-A-Center Company Profile
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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