Rent-A-Center Inc. (NASDAQ:RCII) issued its quarterly earnings data on Tuesday. The company reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by $0.09, Bloomberg Earnings reports. The company had revenue of $667.64 million during the quarter, compared to the consensus estimate of $667.04 million. Rent-A-Center had a negative net margin of 4.77% and a negative return on equity of 30.44%. Rent-A-Center’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS.

Rent-A-Center (NASDAQ RCII) traded up 0.55% during trading on Wednesday, hitting $12.78. 1,278,571 shares of the stock traded hands. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.73. The company has a 50-day moving average price of $12.05 and a 200-day moving average price of $10.38. The stock’s market cap is $679.84 million.

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

ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at

Several brokerages recently 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 objective for the company. in a research note on Wednesday, June 7th. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Jefferies Group LLC dropped their price objective on shares of Rent-A-Center from $12.00 to $9.00 and set a “hold” rating for the company in a research note on Wednesday, May 3rd. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $11.50 price objective on shares of Rent-A-Center in a research note on Sunday, April 23rd. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Rent-A-Center presently has a consensus rating of “Hold” and a consensus target price of $10.75.

In other Rent-A-Center news, Director Steven L. Pepper acquired 45,000 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was purchased at an average cost of $10.93 per share, for a total transaction of $491,850.00. The acquisition 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 stock in a transaction dated Wednesday, May 10th. The stock was acquired at an average price of $11.70 per share, with a total value of $1,170,000.00. Following the completion of the acquisition, the chairman now 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.

About Rent-A-Center

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)

Receive News & Ratings for Rent-A-Center Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center Inc. and related companies with's FREE daily email newsletter.