Rent-A-Center Inc. (NASDAQ:RCII) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.08, Bloomberg Earnings reports. The company had revenue of $667.64 million during the quarter, compared to analysts’ expectations of $667.04 million. Rent-A-Center had a negative net margin of 4.77% and a negative return on equity of 30.44%. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share.

Rent-A-Center (RCII) opened at 12.30 on Thursday. The stock’s 50 day moving average price is $12.04 and its 200-day moving average price is $10.41. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.33. The firm’s market capitalization is $654.31 million.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Monday, July 3rd were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date was Thursday, June 29th.

In related news, Chairman Mark E. Speese bought 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 10th. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $1,170,000.00. Following the acquisition, the chairman now owns 844,627 shares in the company, valued at approximately $9,882,135.90. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Steven L. Pepper bought 45,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were bought at an average price of $10.93 per share, for a total transaction of $491,850.00. The disclosure for this purchase can be found here. Company insiders own 3.40% of the company’s stock.

A number of large investors have recently modified their holdings of RCII. Mason Street Advisors LLC raised its stake in shares of Rent-A-Center by 7.1% in the first quarter. Mason Street Advisors LLC now owns 12,439 shares of the company’s stock worth $110,000 after buying an additional 825 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Rent-A-Center by 77.1% in the second quarter. State of Alaska Department of Revenue now owns 10,448 shares of the company’s stock worth $122,000 after buying an additional 4,548 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Rent-A-Center during the first quarter worth $130,000. Wedbush Securities Inc. acquired a new stake in shares of Rent-A-Center during the first quarter worth $146,000. Finally, Municipal Employees Retirement System of Michigan raised its stake in shares of Rent-A-Center by 3.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock worth $147,000 after buying an additional 440 shares during the period.

Several equities analysts have weighed in on RCII shares. Loop Capital reaffirmed a “sell” rating and issued a $8.00 target price on shares of Rent-A-Center in a research report on Tuesday, July 18th. Zacks Investment Research downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. BidaskClub raised Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Sunday, July 16th. Northcoast Research raised Rent-A-Center from a “neutral” rating to a “buy” rating in a research report on Friday, March 31st. Finally, Jefferies Group LLC dropped their target price on Rent-A-Center from $12.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, May 3rd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.75.

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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.

Earnings History for Rent-A-Center (NASDAQ:RCII)

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