Brokerages Anticipate Rent-A-Center (RCII) Will Post Earnings of $0.06 Per Share

Wall Street analysts forecast that Rent-A-Center (NASDAQ:RCII) will report earnings per share of $0.06 for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at ($0.09). Rent-A-Center reported earnings per share of $0.04 in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is scheduled to report its next earnings report on Monday, May 7th.

On average, analysts expect that Rent-A-Center will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from ($0.60) to $0.71. For the next fiscal year, analysts expect that the company will report earnings of $0.78 per share, with EPS estimates ranging from ($0.50) to $1.77. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Rent-A-Center.

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Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Tuesday, February 20th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.34). The firm had revenue of $638.95 million for the quarter, compared to analyst estimates of $654.55 million. Rent-A-Center had a negative return on equity of 11.30% and a net margin of 0.25%. The business’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) EPS.

A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research report on Tuesday, April 3rd. Stephens restated an “equal weight” rating and issued a $5.00 target price (down previously from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. Jefferies Group restated a “hold” rating and issued a $9.00 target price on shares of Rent-A-Center in a research report on Friday, February 23rd. Finally, Loop Capital restated a “sell” rating and issued a $6.00 target price (down previously from $8.00) on shares of Rent-A-Center in a research report on Wednesday, February 21st. Four research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $9.50.

NASDAQ RCII opened at $9.52 on Wednesday. The company has a current ratio of 2.77, a quick ratio of 0.53 and a debt-to-equity ratio of 2.47. The company has a market cap of $508.50, a P/E ratio of -17.63 and a beta of 0.73. Rent-A-Center has a 1 year low of $7.22 and a 1 year high of $13.89.

Several large investors have recently modified their holdings of the company. Fore Capital LLC acquired a new position in shares of Rent-A-Center during the fourth quarter worth $222,000. MetLife Investment Advisors LLC acquired a new position in shares of Rent-A-Center during the fourth quarter worth $236,000. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of Rent-A-Center during the fourth quarter worth $19,474,000. Harvest Capital Strategies LLC acquired a new position in shares of Rent-A-Center during the fourth quarter worth $7,379,000. Finally, Engine Capital Management LLC acquired a new position in shares of Rent-A-Center during the fourth quarter worth $333,000.

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Rent-A-Center Company Profile

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; and furniture, including accessories under rental purchase agreements.

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Earnings History and Estimates for Rent-A-Center (NASDAQ:RCII)

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