Q2 2019 Earnings Forecast for Rent-A-Center Inc Issued By KeyCorp (RCII)

Rent-A-Center Inc (NASDAQ:RCII) – Research analysts at KeyCorp upped their Q2 2019 earnings per share (EPS) estimates for Rent-A-Center in a report issued on Tuesday, May 7th. KeyCorp analyst B. Thomas now anticipates that the company will post earnings of $0.62 per share for the quarter, up from their prior forecast of $0.58. KeyCorp also issued estimates for Rent-A-Center’s Q3 2019 earnings at $0.53 EPS and FY2019 earnings at $2.22 EPS.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.29. Rent-A-Center had a return on equity of 21.15% and a net margin of 0.32%. The company had revenue of $696.69 million during the quarter, compared to analyst estimates of $683.62 million. During the same quarter in the previous year, the firm posted ($0.08) EPS. The firm’s quarterly revenue was down .2% on a year-over-year basis.



Other research analysts have also issued research reports about the company. ValuEngine upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Wednesday, May 1st. BidaskClub upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a research report on Tuesday. Janney Montgomery Scott lowered Rent-A-Center from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Tuesday, February 5th. Finally, Raymond James upgraded Rent-A-Center from an “outperform” rating to a “strong-buy” rating and boosted their price target for the stock from $25.00 to $27.00 in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.21.

Shares of RCII stock opened at $24.99 on Thursday. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 1.88. Rent-A-Center has a 1 year low of $9.26 and a 1 year high of $26.75. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 23.58 and a beta of 0.38.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Rent-A-Center by 0.7% in the 1st quarter. BlackRock Inc. now owns 6,689,223 shares of the company’s stock worth $139,603,000 after buying an additional 45,237 shares in the last quarter. Engaged Capital LLC raised its stake in shares of Rent-A-Center by 17.6% in the 4th quarter. Engaged Capital LLC now owns 5,333,609 shares of the company’s stock worth $86,351,000 after buying an additional 800,000 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Rent-A-Center by 4.5% in the 3rd quarter. Vanguard Group Inc now owns 4,956,650 shares of the company’s stock worth $71,277,000 after buying an additional 214,868 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Rent-A-Center by 4.5% in the 3rd quarter. Vanguard Group Inc. now owns 4,956,650 shares of the company’s stock worth $71,277,000 after buying an additional 214,868 shares in the last quarter. Finally, Water Island Capital LLC raised its stake in shares of Rent-A-Center by 22.0% in the 4th quarter. Water Island Capital LLC now owns 2,439,551 shares of the company’s stock worth $39,496,000 after buying an additional 440,372 shares in the last quarter. 92.69% of the stock is currently owned by institutional investors.

About Rent-A-Center

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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