Rent-A-Center Inc (RCII) Updates Q3 Earnings Guidance
Rent-A-Center Inc (NASDAQ:RCII) updated its third quarter earnings guidance on Monday. The company provided earnings per share guidance of $0.43-0.51 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.52, Stock Ratings Network.com reports.
A number of research firms have recently commented on RCII. Analysts at Canaccord Genuity cut their price target on shares of Rent-A-Center from $28.00 to $24.00 in a research note on Friday, July 11th. They now have a hold rating on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Rent-A-Center in a research note on Monday, July 7th. They now have a $30.00 price target on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of Buy and an average target price of $31.33.
Shares of Rent-A-Center Inc (NASDAQ:RCII) traded down 3.19% on Monday, hitting $23.98. 1,283,203 shares of the company’s stock traded hands. Rent-A-Center Inc has a 1-year low of $23.65 and a 1-year high of $40.80. The stock’s 50-day moving average is $28.18 and its 200-day moving average is $27.70. The company has a market cap of $1.266 billion and a P/E ratio of 12.07.
Rent-A-Center (NASDAQ:RCII) last released its earnings data on Monday, July 21st. The company reported $0.38 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.38. The company had revenue of $773.20 million for the quarter, compared to the consensus estimate of $772.24 million. During the same quarter in the prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 1.7% on a year-over-year basis. Analysts expect that Rent-A-Center Inc will post $2.09 EPS for the current fiscal year.
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.
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