Rent-A-Center Inc (RCII) Releases Q2 Earnings Guidance
Rent-A-Center Inc (NASDAQ:RCII) issued an update on its second quarter earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.36-0.38 for the period, compared to the Thomson Reuters consensus estimate of $0.48, Analyst RN reports. The company issued revenue guidance of $733 million, compared to the consensus revenue estimate of $785.30 million.
Rent-A-Center Inc (NASDAQ:RCII) traded down 1.59% on Thursday, hitting $29.06. The stock had a trading volume of 504,880 shares. Rent-A-Center Inc has a one year low of $23.65 and a one year high of $40.80. The stock’s 50-day moving average is $28. and its 200-day moving average is $28.01. The company has a market cap of $1.534 billion and a price-to-earnings ratio of 14.38.
Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, April 21st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $833.00 million for the quarter, compared to the consensus estimate of $840.31 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. Analysts expect that Rent-A-Center Inc will post $2.32 EPS for the current fiscal year.
A number of research firms have recently commented on RCII. Analysts at Zacks reiterated a neutral rating on shares of Rent-A-Center in a research note on Monday. They now have a $30.00 price target on the stock. On a related note, analysts at TheStreet upgraded shares of Rent-A-Center from a hold rating to a buy rating in a research note on Wednesday, May 14th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Rent-A-Center has an average rating of Buy and a consensus price target of $32.67.
Rent-A-Center, Inc is a rent-to-own operator in North America. It provides the customers the ownership of durable products, such as consumer electronics, appliances, computers, furniture and accessories, under rental purchase agreements with no long-term obligation.