Wall Street analysts expect Rent-A-Center (NASDAQ:RCII) to announce $699.64 million in sales for the current quarter, Zacks reports. Six analysts have provided estimates for Rent-A-Center’s earnings. The lowest sales estimate is $673.10 million and the highest is $725.80 million. Rent-A-Center reported sales of $741.99 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5.7%. The business is expected to announce its next earnings report after the market closes on Monday, April 30th.
On average, analysts expect that Rent-A-Center will report full year sales of $2.62 billion for the current financial year, with estimates ranging from $2.54 billion to $2.67 billion. For the next fiscal year, analysts expect that the company will report sales of $2.71 billion per share, with estimates ranging from $2.56 billion to $2.89 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.41) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.34). The business had revenue of $638.95 million during the quarter, compared to the consensus estimate of $654.55 million. Rent-A-Center had a negative return on equity of 11.30% and a net margin of 0.25%. The firm’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the business posted ($0.23) earnings per share.
Several research analysts recently commented on the stock. BidaskClub downgraded shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Saturday. Jefferies Group reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Rent-A-Center in a report on Wednesday, April 11th. Loop Capital raised shares of Rent-A-Center from a “sell” rating to a “hold” rating and raised their price objective for the stock from $6.00 to $9.00 in a report on Monday, April 9th. ValuEngine raised shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a report on Tuesday, April 3rd. Finally, Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.20.
A number of large investors have recently made changes to their positions in RCII. Philadelphia Financial Management of San Francisco LLC bought a new position in Rent-A-Center in the 4th quarter valued at $19,474,000. Arlington Value Capital LLC boosted its holdings in Rent-A-Center by 32.6% in the 4th quarter. Arlington Value Capital LLC now owns 4,070,422 shares of the company’s stock valued at $45,181,000 after purchasing an additional 1,000,103 shares during the period. Harvest Capital Strategies LLC bought a new position in Rent-A-Center in the 4th quarter valued at $7,379,000. SG Capital Management LLC bought a new position in Rent-A-Center in the 4th quarter valued at $6,148,000. Finally, Kennedy Capital Management Inc. bought a new position in Rent-A-Center in the 4th quarter valued at $2,775,000.
RCII opened at $9.64 on Monday. The company has a market capitalization of $514.91, a P/E ratio of -17.85 and a beta of 0.74. Rent-A-Center has a 12 month low of $7.22 and a 12 month high of $13.89. The company has a quick ratio of 0.53, a current ratio of 2.77 and a debt-to-equity ratio of 2.47.
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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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