Equities analysts expect Rent-A-Center Inc (NASDAQ:RCII) to post $0.57 earnings per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Rent-A-Center’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.60. Rent-A-Center posted earnings of $0.35 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 62.9%. The business is expected to announce its next quarterly earnings results on Monday, February 24th.
According to Zacks, analysts expect that Rent-A-Center will report full-year earnings of $2.27 per share for the current year, with EPS estimates ranging from $2.23 to $2.31. For the next year, analysts expect that the firm will post earnings of $2.60 per share, with EPS estimates ranging from $2.43 to $2.87. Zacks Investment Research’s earnings per share 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 results on Wednesday, November 6th. The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $649.37 million during 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 for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 EPS.
Several analysts have issued reports on the stock. ValuEngine lowered shares of Rent-A-Center from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 2nd. Stifel Nicolaus set a $28.00 target price on shares of Rent-A-Center and gave the stock a “hold” rating in a report on Friday, September 6th. Janney Montgomery Scott upgraded shares of Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. Finally, BidaskClub lowered shares of Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Rent-A-Center currently has an average rating of “Buy” and a consensus price target of $24.40.
Shares of Rent-A-Center stock traded up $0.04 during trading on Tuesday, hitting $22.43. The stock had a trading volume of 1,258,300 shares, compared to its average volume of 1,139,876. The business’s 50-day moving average is $25.78 and its 200 day moving average is $25.55. The company has a current ratio of 2.97, a quick ratio of 1.17 and a debt-to-equity ratio of 2.07. Rent-A-Center has a 12 month low of $11.98 and a 12 month high of $28.25. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 21.16 and a beta of 0.42.
Institutional investors have recently bought and sold shares of the company. Usca Ria LLC purchased a new stake in shares of Rent-A-Center during the third quarter worth about $31,000. Tower Research Capital LLC TRC boosted its holdings in shares of Rent-A-Center by 126.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock worth $45,000 after purchasing an additional 942 shares during the period. Meeder Asset Management Inc. boosted its holdings in shares of Rent-A-Center by 74.6% during the second quarter. Meeder Asset Management Inc. now owns 2,275 shares of the company’s stock worth $60,000 after purchasing an additional 972 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Rent-A-Center by 61.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,722 shares of the company’s stock worth $70,000 after purchasing an additional 1,033 shares during the period. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Rent-A-Center during the second quarter worth about $111,000. Institutional investors own 99.60% of the company’s stock.
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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