Zacks: Brokerages Expect Rent-A-Center Inc (RCII) to Announce $0.29 Earnings Per Share

Equities analysts expect Rent-A-Center Inc (NASDAQ:RCII) to post earnings of $0.29 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Rent-A-Center’s earnings, with the lowest EPS estimate coming in at $0.11 and the highest estimate coming in at $0.38. Rent-A-Center reported earnings per share of ($0.08) in the same quarter last year, which indicates a positive year over year growth rate of 462.5%. The company is expected to announce its next earnings report on Monday, April 29th.

According to Zacks, analysts expect that Rent-A-Center will report full year earnings of $1.88 per share for the current fiscal year, with EPS estimates ranging from $1.80 to $1.95. For the next fiscal year, analysts forecast that the business will report earnings of $2.04 per share, with EPS estimates ranging from $1.68 to $2.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Rent-A-Center.

A number of equities research analysts recently weighed in on the stock. Janney Montgomery Scott lowered shares of Rent-A-Center from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Tuesday, February 5th. BidaskClub lowered shares of Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Raymond James raised shares of Rent-A-Center from a “market perform” rating to an “outperform” rating and set a $16.00 price target for the company in a report on Wednesday, December 19th. Stephens lowered shares of Rent-A-Center from an “equal weight” rating to an “underweight” rating and set a $16.47 price target for the company. in a report on Thursday, January 3rd. Finally, ValuEngine lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $17.92.



Shares of RCII stock traded down $0.22 during mid-day trading on Friday, reaching $19.67. The company’s stock had a trading volume of 917,905 shares, compared to its average volume of 1,674,648. Rent-A-Center has a 12-month low of $8.12 and a 12-month high of $22.77. The company has a current ratio of 2.46, a quick ratio of 0.67 and a debt-to-equity ratio of 1.88. The company has a market cap of $1.03 billion, a PE ratio of 18.56 and a beta of 0.27.

In related news, EVP Catherine M. Skula sold 21,381 shares of the firm’s stock in a transaction on Monday, December 24th. The shares were sold at an average price of $15.08, for a total transaction of $322,425.48. Following the completion of the sale, the executive vice president now directly owns 33,998 shares of the company’s stock, valued at approximately $512,689.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Fred E. Herman sold 2,227 shares of the firm’s stock in a transaction on Tuesday, January 29th. The shares were sold at an average price of $17.50, for a total transaction of $38,972.50. Following the sale, the executive vice president now directly owns 28,506 shares of the company’s stock, valued at $498,855. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,208 shares of company stock valued at $528,342. Company insiders own 0.88% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its holdings in Rent-A-Center by 2.1% during the 4th quarter. BlackRock Inc. now owns 6,643,986 shares of the company’s stock worth $107,566,000 after acquiring an additional 139,757 shares in the last quarter. Engaged Capital LLC grew its holdings in Rent-A-Center by 17.6% during the 4th quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock worth $86,351,000 after acquiring an additional 800,000 shares in the last quarter. Vanguard Group Inc. grew its holdings in Rent-A-Center by 4.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,956,650 shares of the company’s stock worth $71,277,000 after acquiring an additional 214,868 shares in the last quarter. Vanguard Group Inc grew its holdings in Rent-A-Center by 4.5% during the 3rd quarter. Vanguard Group Inc now owns 4,956,650 shares of the company’s stock worth $71,277,000 after acquiring an additional 214,868 shares in the last quarter. Finally, Water Island Capital LLC grew its holdings in Rent-A-Center by 22.0% during the 4th quarter. Water Island Capital LLC now owns 2,439,551 shares of the company’s stock worth $39,496,000 after acquiring an additional 440,372 shares in the last quarter. 91.40% of the stock is owned by institutional investors.

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; wheels and tires; and furniture, including accessories under rental purchase agreements.

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

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