Analysts Offer Predictions for Rent-A-Center’s Q2 2018 Earnings (RCII)

Rent-A-Center (NASDAQ:RCII) – Jefferies Group upped their Q2 2018 EPS estimates for Rent-A-Center in a report released on Wednesday, April 11th. Jefferies Group analyst K. Joseph now forecasts that the company will earn $0.12 per share for the quarter, up from their prior forecast of $0.10. Jefferies Group currently has a “Hold” rating and a $10.00 target price on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q3 2018 earnings at $0.07 EPS.

A number of other equities research analysts have also recently weighed in on the stock. BidaskClub cut shares of Rent-A-Center from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Loop Capital set a $8.00 price target on shares of Rent-A-Center and gave the company a “sell” rating in a report on Wednesday, January 17th. ValuEngine cut shares of Rent-A-Center from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. Zacks Investment Research cut shares of Rent-A-Center from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 20th. Finally, Stephens set a $5.00 price target on shares of Rent-A-Center and gave the company a “sell” rating in a report on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. Rent-A-Center currently has an average rating of “Hold” and an average target price of $9.20.



Shares of RCII opened at $10.11 on Friday. The stock has a market capitalization of $536.27, a price-to-earnings ratio of -18.72 and a beta of 0.74. The company has a debt-to-equity ratio of 2.47, a quick ratio of 0.53 and a current ratio of 2.77. Rent-A-Center has a fifty-two week low of $7.22 and a fifty-two week high of $13.89.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Tuesday, February 20th. The company reported ($0.41) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.34). The company had revenue of $638.95 million for the quarter, compared to analysts’ expectations of $654.55 million. Rent-A-Center had a net margin of 0.25% and a negative return on equity of 11.30%. Rent-A-Center’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) EPS.

A number of institutional investors have recently modified their holdings of the stock. Lenox Wealth Management Inc. lifted its position in Rent-A-Center by 8.7% during the fourth quarter. Lenox Wealth Management Inc. now owns 61,032 shares of the company’s stock valued at $677,000 after purchasing an additional 4,869 shares during the period. Strs Ohio lifted its position in Rent-A-Center by 9.2% during the fourth quarter. Strs Ohio now owns 65,100 shares of the company’s stock valued at $722,000 after purchasing an additional 5,500 shares during the period. Municipal Employees Retirement System of Michigan lifted its position in Rent-A-Center by 59.0% during the third quarter. Municipal Employees Retirement System of Michigan now owns 19,960 shares of the company’s stock valued at $229,000 after purchasing an additional 7,410 shares during the period. Hollencrest Capital Management lifted its position in Rent-A-Center by 13.1% during the fourth quarter. Hollencrest Capital Management now owns 77,800 shares of the company’s stock valued at $864,000 after purchasing an additional 9,000 shares during the period. Finally, Geode Capital Management LLC lifted its position in Rent-A-Center by 2.0% during the fourth quarter. Geode Capital Management LLC now owns 455,620 shares of the company’s stock valued at $5,057,000 after purchasing an additional 9,036 shares during the period.

TRADEMARK VIOLATION NOTICE: “Analysts Offer Predictions for Rent-A-Center’s Q2 2018 Earnings (RCII)” was first published by Dakota Financial News and is the sole property of of Dakota Financial News. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of U.S. and international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://dakotafinancialnews.com/2018/04/13/analysts-offer-predictions-for-rent-a-centers-q2-2018-earnings-rcii.html.

Rent-A-Center Company Profile

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; and furniture, including accessories under rental purchase agreements.

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

Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply