Wall Street analysts expect that Rent-A-Center Inc. (NASDAQ:RCII) will announce earnings of ($0.06) per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.14). Rent-A-Center reported earnings of $0.09 per share during the same quarter last year, which indicates a negative year over year growth rate of 166.7%. The business is scheduled to announce its next earnings results on Wednesday, March 7th.

On average, analysts expect that Rent-A-Center will report full-year earnings of ($0.19) per share for the current financial year, with EPS estimates ranging from ($0.27) to ($0.12). For the next financial year, analysts forecast that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.33 to $1.36. Zacks’ EPS averages are an average based on a survey of analysts that cover Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The business had revenue of $643.97 million during the quarter, compared to analysts’ expectations of $649.09 million. During the same period in the prior year, the firm posted $0.11 EPS. Rent-A-Center’s revenue for the quarter was down 7.2% compared to the same quarter last year.

RCII has been the topic of a number of analyst reports. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Jefferies Group reaffirmed a “hold” rating and issued a $12.00 price objective on shares of Rent-A-Center in a report on Thursday, September 7th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a report on Wednesday, November 1st. Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Finally, BidaskClub lowered Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 17th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Rent-A-Center presently has a consensus rating of “Hold” and an average price target of $11.21.

Several hedge funds have recently bought and sold shares of the company. Frontier Capital Management Co. LLC lifted its position in shares of Rent-A-Center by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after acquiring an additional 68,605 shares during the period. Arlington Value Capital LLC lifted its position in shares of Rent-A-Center by 85.2% during the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after acquiring an additional 1,252,756 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Rent-A-Center by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after acquiring an additional 23,437 shares during the period. Brandes Investment Partners LP lifted its position in shares of Rent-A-Center by 2.4% during the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after acquiring an additional 49,068 shares during the period. Finally, State Street Corp lifted its position in shares of Rent-A-Center by 19.2% during the 1st quarter. State Street Corp now owns 1,899,273 shares of the company’s stock valued at $16,841,000 after acquiring an additional 305,946 shares during the period.

Shares of Rent-A-Center (RCII) traded up $0.02 on Wednesday, reaching $11.64. The company’s stock had a trading volume of 1,174,545 shares, compared to its average volume of 1,757,173. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55.

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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.

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

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