Brokerages expect Rent-A-Center, Inc. (NASDAQ:RCII) to report sales of $1.18 billion for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Rent-A-Center’s earnings. The lowest sales estimate is $1.17 billion and the highest is $1.19 billion. Rent-A-Center posted sales of $712.02 million during the same quarter last year, which would indicate a positive year over year growth rate of 65.7%. The business is scheduled to issue its next earnings report on Wednesday, October 27th.
According to Zacks, analysts expect that Rent-A-Center will report full-year sales of $4.61 billion for the current financial year, with estimates ranging from $4.58 billion to $4.64 billion. For the next year, analysts anticipate that the firm will report sales of $5.20 billion, with estimates ranging from $5.13 billion to $5.29 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Wednesday, August 4th. The company reported $1.63 EPS for the quarter, beating the consensus estimate of $1.36 by $0.27. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.13 billion. Rent-A-Center had a net margin of 6.13% and a return on equity of 46.39%. The company’s quarterly revenue was up 69.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS.
Shares of NASDAQ RCII traded up $1.52 during trading hours on Friday, hitting $53.86. 20,677 shares of the stock were exchanged, compared to its average volume of 608,483. The company has a quick ratio of 0.66, a current ratio of 2.95 and a debt-to-equity ratio of 1.55. The company has a market cap of $3.58 billion, a PE ratio of 14.49 and a beta of 1.57. The firm has a fifty day moving average price of $60.41 and a 200-day moving average price of $58.24. Rent-A-Center has a 12 month low of $29.95 and a 12 month high of $67.76.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 19th. Shareholders of record on Tuesday, September 28th will be paid a dividend of $0.31 per share. The ex-dividend date is Monday, September 27th. This represents a $1.24 dividend on an annualized basis and a yield of 2.30%. Rent-A-Center’s payout ratio is 35.13%.
Several hedge funds have recently added to or reduced their stakes in the company. Koshinski Asset Management Inc. purchased a new stake in shares of Rent-A-Center in the 3rd quarter valued at $40,000. Addison Capital Co boosted its holdings in shares of Rent-A-Center by 5.7% in the 3rd quarter. Addison Capital Co now owns 103,493 shares of the company’s stock valued at $5,817,000 after acquiring an additional 5,605 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Rent-A-Center by 8.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 29,100 shares of the company’s stock valued at $1,636,000 after acquiring an additional 2,200 shares during the last quarter. First Hawaiian Bank boosted its holdings in shares of Rent-A-Center by 2.3% in the 3rd quarter. First Hawaiian Bank now owns 13,723 shares of the company’s stock valued at $771,000 after acquiring an additional 304 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of Rent-A-Center by 6.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 44,116 shares of the company’s stock valued at $2,479,000 after acquiring an additional 2,824 shares during the last quarter. 77.73% of the stock is currently owned by institutional investors and hedge funds.
Rent-A-Center, Inc engages in the provision of furniture, electronics, appliances, computers, and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. The Rent-A-Center Business segment consists of company-owned rent-to-own stores in the United States and Puerto Rico.
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