Rent-A-Center Inc (RCII) Expected to Post Earnings of -$0.07 Per Share

Brokerages expect Rent-A-Center Inc (NASDAQ:RCII) to report ($0.07) earnings per share for the current 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 $0.00 and the lowest estimate coming in at ($0.17). Rent-A-Center posted earnings per share of $0.09 in the same quarter last year, which indicates a negative year-over-year growth rate of 177.8%. The company is expected to issue its next earnings report after the market closes on Tuesday, February 20th.

On average, analysts expect that Rent-A-Center will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.12). For the next fiscal year, analysts forecast that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.31 to $1.36. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover Rent-A-Center.

Several equities research analysts recently issued reports on the company. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Loop Capital set a $8.00 price objective on Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Zacks Investment Research lowered Rent-A-Center from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, Raymond James Financial reissued a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $11.21.

Hedge funds have recently modified their holdings of the business. Raymond James Financial Services Advisors Inc. bought a new stake in Rent-A-Center during the second quarter worth about $120,000. Cubist Systematic Strategies LLC bought a new stake in Rent-A-Center during the second quarter worth about $132,000. Crossmark Global Holdings Inc. bought a new stake in Rent-A-Center during the third quarter worth about $132,000. Piedmont Investment Advisors LLC bought a new stake in Rent-A-Center during the second quarter worth about $136,000. Finally, Eqis Capital Management Inc. bought a new stake in Rent-A-Center during the third quarter worth about $184,000.

Rent-A-Center (NASDAQ:RCII) traded down $0.24 during trading hours on Monday, reaching $9.61. The company had a trading volume of 1,563,240 shares, compared to its average volume of 1,748,646. The company has a market capitalization of $525.12, a price-to-earnings ratio of -2.91 and a beta of 0.63. Rent-A-Center has a 12 month low of $7.93 and a 12 month high of $13.89. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69.

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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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