Wall Street analysts forecast that Rent-A-Center (NASDAQ:RCII) will post earnings per share of $0.04 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Rent-A-Center’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.09. Rent-A-Center reported earnings of ($0.01) per share during the same quarter last year, which indicates a positive year over year growth rate of 500%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, July 25th.
On average, analysts expect that Rent-A-Center will report full-year earnings of $0.08 per share for the current financial year, with EPS estimates ranging from ($0.24) to $0.35. For the next fiscal year, analysts anticipate that the company will report earnings of $0.65 per share, with EPS estimates ranging from $0.34 to $1.39. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, April 30th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.16). Rent-A-Center had a negative return on equity of 13.81% and a negative net margin of 0.24%. The business had revenue of $698.00 million during the quarter, compared to the consensus estimate of $701.27 million. During the same period last year, the business posted $0.04 earnings per share. The business’s revenue was down 5.9% on a year-over-year basis.
Several research analysts have recently weighed in on RCII shares. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a research report on Wednesday, January 17th. ValuEngine lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Finally, Stephens reissued an “equal weight” rating and issued a $5.00 price objective (down from $8.00) on shares of Rent-A-Center in a research report on Thursday, February 22nd. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.20.
A number of institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. increased its position in Rent-A-Center by 0.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,553,563 shares of the company’s stock valued at $13,408,000 after buying an additional 12,149 shares in the last quarter. B. Riley Financial Inc. bought a new stake in Rent-A-Center in the 1st quarter valued at about $876,000. Tokio Marine Asset Management Co. Ltd. bought a new stake in Rent-A-Center in the 1st quarter valued at about $917,000. Greenwich Wealth Management LLC increased its position in Rent-A-Center by 12.0% in the 1st quarter. Greenwich Wealth Management LLC now owns 79,112 shares of the company’s stock valued at $683,000 after buying an additional 8,450 shares in the last quarter. Finally, Fore Capital LLC bought a new stake in Rent-A-Center in the 4th quarter valued at about $222,000.
Shares of RCII stock traded down $0.50 during mid-day trading on Tuesday, hitting $9.40. The company’s stock had a trading volume of 1,495,794 shares, compared to its average volume of 1,661,364. Rent-A-Center has a 52 week low of $7.22 and a 52 week high of $13.89. The company has a current ratio of 2.51, a quick ratio of 0.58 and a debt-to-equity ratio of 2.34. The firm has a market cap of $527.74 million, a PE ratio of -17.41 and a beta of 0.72.
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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