Analysts forecast that Rent-A-Center Inc. (NASDAQ:RCII) will report earnings of ($0.07) per share for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.17). Rent-A-Center reported earnings of $0.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 177.8%. The firm is expected to issue its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Rent-A-Center will report full year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.12). For the next fiscal year, analysts anticipate that the company will report earnings of $0.71 per share, with EPS estimates ranging from $0.31 to $1.36. Zacks’ EPS averages are an average based on a survey of analysts that follow Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The firm had revenue of $643.97 million during the quarter, compared to analysts’ expectations of $649.09 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was down 7.2% on a year-over-year basis.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arlington Value Capital LLC increased its position in Rent-A-Center by 85.2% during the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock worth $31,907,000 after purchasing an additional 1,252,756 shares during the period. JPMorgan Chase & Co. increased its position in Rent-A-Center by 1,124.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock worth $14,405,000 after purchasing an additional 1,128,785 shares during the period. Highbridge Capital Management LLC acquired a new position in Rent-A-Center during the 3rd quarter worth approximately $5,795,000. Rafferty Asset Management LLC acquired a new position in Rent-A-Center during the 2nd quarter worth approximately $5,376,000. Finally, GSA Capital Partners LLP increased its position in Rent-A-Center by 65.4% during the 2nd quarter. GSA Capital Partners LLP now owns 438,150 shares of the company’s stock worth $5,135,000 after purchasing an additional 173,186 shares during the period.
Rent-A-Center (RCII) traded down $0.21 during trading on Friday, hitting $10.80. The stock had a trading volume of 822,761 shares, compared to its average volume of 1,227,826. Rent-A-Center has a fifty-two week low of $7.76 and a fifty-two week high of $13.89. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.55 and a quick ratio of 0.46. The stock has a market cap of $586.96, a P/E ratio of -3.27 and a beta of 0.69.
Rent-A-Center Company Profile
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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