Q1 2018 EPS Estimates for Rent-A-Center Inc (RCII) Increased by Analyst

Rent-A-Center Inc (NASDAQ:RCII) – Investment analysts at Northcoast Research boosted their Q1 2018 earnings estimates for shares of Rent-A-Center in a research report issued to clients and investors on Monday. Northcoast Research analyst N. Mitchell now expects that the company will post earnings of $0.24 per share for the quarter, up from their prior estimate of $0.20. Northcoast Research also issued estimates for Rent-A-Center’s Q2 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.03 EPS and FY2018 earnings at $0.40 EPS.

A number of other equities analysts also recently commented on RCII. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Stifel Nicolaus restated a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research report on Wednesday, November 1st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $11.21.

Rent-A-Center (NASDAQ:RCII) opened at $11.77 on Tuesday. The company has a market cap of $627.48, a price-to-earnings ratio of -3.59 and a beta of 0.69. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center has a 12-month low of $7.76 and a 12-month high of $13.89.

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

Several large investors have recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its stake in shares of Rent-A-Center by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock worth $282,000 after purchasing an additional 263 shares during the period. B. Riley Financial Inc. grew its stake in shares of Rent-A-Center by 3.1% during the 2nd quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock worth $272,000 after purchasing an additional 706 shares during the period. Thrivent Financial For Lutherans grew its stake in shares of Rent-A-Center by 6.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 32,090 shares of the company’s stock worth $376,000 after purchasing an additional 2,050 shares during the period. Voya Investment Management LLC grew its stake in shares of Rent-A-Center by 4.2% during the 2nd quarter. Voya Investment Management LLC now owns 69,640 shares of the company’s stock worth $816,000 after purchasing an additional 2,798 shares during the period. Finally, Alliancebernstein L.P. grew its stake in shares of Rent-A-Center by 6.8% during the 2nd quarter. Alliancebernstein L.P. now owns 71,919 shares of the company’s stock worth $843,000 after purchasing an additional 4,600 shares during the period.

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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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