Analysts expect that Rent-A-Center Inc (NASDAQ:RCII) will announce earnings of $0.57 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Rent-A-Center’s earnings, with the lowest EPS estimate coming in at $0.54 and the highest estimate coming in at $0.60. Rent-A-Center reported earnings of $0.35 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 62.9%. The company is expected to issue its next quarterly earnings report on Monday, February 24th.
According to Zacks, analysts expect that Rent-A-Center will report full year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.31. For the next fiscal year, analysts forecast that the business will report earnings of $2.60 per share, with EPS estimates ranging from $2.43 to $2.87. Zacks’ EPS averages are an average based on a survey of research firms that follow Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.03). Rent-A-Center had a return on equity of 32.63% and a net margin of 4.40%. The firm had revenue of $649.37 million for the quarter, compared to the consensus estimate of $630.83 million. During the same quarter last year, the business earned $0.32 earnings per share. The business’s revenue for the quarter was up .7% compared to the same quarter last year.
A number of brokerages have recently commented on RCII. Janney Montgomery Scott raised Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. ValuEngine lowered Rent-A-Center from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Stifel Nicolaus set a $28.00 price target on Rent-A-Center and gave the company a “hold” rating in a report on Friday, September 6th. Finally, BidaskClub lowered Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Rent-A-Center currently has an average rating of “Buy” and an average price target of $24.40.
A number of hedge funds have recently made changes to their positions in the stock. Arizona State Retirement System boosted its stake in Rent-A-Center by 0.7% during the second quarter. Arizona State Retirement System now owns 69,605 shares of the company’s stock valued at $1,854,000 after buying an additional 491 shares in the last quarter. Crossmark Global Holdings Inc. boosted its stake in Rent-A-Center by 4.1% during the second quarter. Crossmark Global Holdings Inc. now owns 15,080 shares of the company’s stock valued at $402,000 after buying an additional 588 shares in the last quarter. First Quadrant L P CA boosted its stake in Rent-A-Center by 17.6% during the second quarter. First Quadrant L P CA now owns 5,111 shares of the company’s stock valued at $136,000 after buying an additional 765 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Rent-A-Center by 126.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock valued at $45,000 after buying an additional 942 shares in the last quarter. Finally, 6 Meridian boosted its position in shares of Rent-A-Center by 3.4% in the 3rd quarter. 6 Meridian now owns 29,597 shares of the company’s stock valued at $763,000 after purchasing an additional 961 shares during the period. 99.60% of the stock is owned by institutional investors and hedge funds.
RCII traded up $0.04 during trading hours on Tuesday, hitting $22.43. 1,258,300 shares of the stock were exchanged, compared to its average volume of 1,139,876. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 21.16 and a beta of 0.42. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.97 and a quick ratio of 1.17. Rent-A-Center has a 12 month low of $11.98 and a 12 month high of $28.25. The stock has a 50-day simple moving average of $25.78 and a 200-day simple moving average of $25.55.
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.
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