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.
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.
TRADEMARK VIOLATION NOTICE: This piece was originally reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The legal version of this piece can be accessed at https://www.dispatchtribunal.com/2018/04/09/brokerages-anticipate-rent-a-center-rcii-will-post-earnings-of-0-06-per-share.html.
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.
Get a free copy of the Zacks research report on Rent-A-Center (RCII)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.