Analysts Anticipate Rent-A-Center Inc. (RCII) to Post -$0.07 EPS

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.

RCII has been the subject of several analyst reports. Zacks Investment Research raised Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, October 2nd. Jefferies Group reduced their price objective on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Four analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $11.21.

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.

WARNING: “Analysts Anticipate Rent-A-Center Inc. (RCII) to Post -$0.07 EPS” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another website, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The original version of this article can be viewed at https://www.com-unik.info/2017/12/24/analysts-anticipate-rent-a-center-inc-rcii-to-post-0-07-eps.html.

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.

Get a free copy of the Zacks research report on Rent-A-Center (RCII)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

What are top analysts saying about Rent-A-Center? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Rent-A-Center and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit