Rent-A-Center Inc. (RCII) Issues Quarterly Earnings Results
Rent-A-Center Inc. (NASDAQ:RCII) announced its quarterly earnings data on Monday. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07), Bloomberg Earnings reports. The firm had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.11 EPS.
Rent-A-Center (NASDAQ RCII) traded down 5.56% during mid-day trading on Tuesday, hitting $9.51. 5,650,810 shares of the stock traded hands. The stock has a 50-day moving average price of $11.14 and a 200-day moving average price of $11.79. The stock’s market cap is $506.89 million. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89.
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Several analysts have issued reports on RCII shares. 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. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research note on Sunday, July 16th. Loop Capital reissued a “sell” rating and issued a $8.00 price objective on shares of Rent-A-Center in a research note on Tuesday, July 18th. Stifel Nicolaus reissued a “hold” rating and issued a $13.00 price objective (up previously from $11.50) on shares of Rent-A-Center in a research note on Friday, July 28th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $12.00 price objective on shares of Rent-A-Center in a research note on Thursday, September 7th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.71.
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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