Rent-A-Center (NASDAQ:RCII) Issues FY19 Earnings Guidance

Rent-A-Center (NASDAQ:RCII) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $2.10-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.26. The company issued revenue guidance of $2.635-2.670 billion, compared to the consensus revenue estimate of $2.64 billion.

RCII traded down $0.04 during midday trading on Friday, hitting $22.35. The company had a trading volume of 53,216 shares, compared to its average volume of 654,567. Rent-A-Center has a 52 week low of $11.98 and a 52 week high of $28.25. The company has a quick ratio of 1.17, a current ratio of 2.97 and a debt-to-equity ratio of 2.07. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 21.21 and a beta of 0.42. The stock’s 50 day moving average price is $25.85 and its 200 day moving average price is $25.55.

Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Wednesday, November 6th. The company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). The business had revenue of $649.37 million for the quarter, compared to the consensus estimate of $630.83 million. Rent-A-Center had a return on equity of 32.63% and a net margin of 4.40%. The company’s revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 earnings per share. Research analysts predict that Rent-A-Center will post 2.27 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, September 20th. This is a boost from Rent-A-Center’s previous quarterly dividend of $0.08. This represents a $1.00 annualized dividend and a yield of 4.47%. Rent-A-Center’s payout ratio is 94.34%.

RCII has been the topic of a number of recent research reports. Stifel Nicolaus set a $28.00 price target on shares of Rent-A-Center and gave the company a hold rating in a research note on Friday, September 6th. BidaskClub cut shares of Rent-A-Center from a strong-buy rating to a buy rating in a research note on Tuesday. ValuEngine cut shares of Rent-A-Center from a sell rating to a strong sell rating in a research note on Wednesday, October 2nd. Finally, Janney Montgomery Scott upgraded shares of Rent-A-Center from a neutral rating to a buy rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Rent-A-Center presently has a consensus rating of Buy and a consensus price target of $24.40.

About Rent-A-Center

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; wheels and tires; 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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