Rent-A-Center Inc. (RCII) to Release Earnings on Tuesday
Rent-A-Center Inc. (NASDAQ:RCII) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, July 25th. Analysts expect the company to announce earnings of $0.08 per share for the quarter.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, May 1st. The company reported $0.04 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.06. Rent-A-Center had a negative net margin of 4.77% and a negative return on equity of 30.44%. The business had revenue of $742 million during the quarter, compared to the consensus estimate of $733.43 million. During the same period in the previous year, the business earned $0.48 earnings per share. The company’s revenue was down 11.2% on a year-over-year basis. On average, analysts expect Rent-A-Center to post $0.26 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Rent-A-Center Inc. (NASDAQ RCII) opened at 12.50 on Tuesday. The firm’s 50-day moving average is $11.74 and its 200 day moving average is $10.36. The firm’s market capitalization is $664.95 million. Rent-A-Center Inc. has a 12 month low of $7.76 and a 12 month high of $13.73.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Monday, July 3rd will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Thursday, June 29th.
Several brokerages have commented on RCII. Loop Capital downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating and set a $8.00 price target for the company. in a report on Wednesday, June 7th. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Sunday. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Jefferies Group LLC cut their price target on shares of Rent-A-Center from $12.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, May 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $11.50 price target on shares of Rent-A-Center in a report on Sunday, April 23rd. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.75.
In related news, Director Steven L. Pepper acquired 45,000 shares of the company’s stock in a transaction dated Tuesday, May 23rd. The stock was bought at an average cost of $10.93 per share, with a total value of $491,850.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark E. Speese acquired 100,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were bought at an average cost of $11.70 per share, with a total value of $1,170,000.00. Following the completion of the acquisition, the chairman now directly owns 844,627 shares in the company, valued at approximately $9,882,135.90. The disclosure for this purchase can be found here. Insiders own 3.40% of the company’s stock.
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Rent-A-Center Company Profile
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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