-$0.07 EPS Expected for Rent-A-Center Inc (RCII) This Quarter

Analysts expect Rent-A-Center Inc (NASDAQ:RCII) to announce earnings of ($0.07) per share for the current fiscal quarter, according to Zacks. 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 posted earnings of $0.09 per share during the same quarter last year, which would suggest a negative year over year growth rate of 177.8%. The business is expected to issue its next quarterly earnings results on Wednesday, March 7th.

On average, analysts expect that Rent-A-Center will report full-year earnings of ($0.19) per share for the current year, with EPS estimates ranging from ($0.30) to ($0.12). For the next fiscal year, analysts expect that the firm will report earnings of $0.65 per share, with EPS estimates ranging from $0.31 to $1.36. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. During the same period last year, the firm posted $0.11 EPS. The company’s revenue was down 7.2% on a year-over-year basis.

A number of equities research analysts have recently weighed in on the company. Jefferies Group lowered their target price 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. BidaskClub raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Loop Capital set a $8.00 target price on Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $10.50 price target on shares of Rent-A-Center in a research report on Wednesday, November 1st. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $11.21.

Rent-A-Center (NASDAQ RCII) traded up $0.10 during midday trading on Tuesday, hitting $11.20. The stock had a trading volume of 1,314,890 shares, compared to its average volume of 2,700,417. Rent-A-Center has a 12 month low of $7.76 and a 12 month high of $13.89. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. The company has a market cap of $597.09, a price-to-earnings ratio of -3.41 and a beta of 0.69.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio raised its position in Rent-A-Center by 1.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock valued at $282,000 after purchasing an additional 263 shares during the last quarter. B. Riley Financial Inc. raised its position in Rent-A-Center by 3.1% during the 2nd quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock valued at $272,000 after purchasing an additional 706 shares during the last quarter. Thrivent Financial For Lutherans raised its position in Rent-A-Center by 6.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 32,090 shares of the company’s stock valued at $376,000 after purchasing an additional 2,050 shares during the last quarter. Voya Investment Management LLC raised its position in Rent-A-Center by 4.2% during the 2nd quarter. Voya Investment Management LLC now owns 69,640 shares of the company’s stock valued at $816,000 after purchasing an additional 2,798 shares during the last quarter. Finally, Alliancebernstein L.P. raised its position in Rent-A-Center by 6.8% during the 2nd quarter. Alliancebernstein L.P. now owns 71,919 shares of the company’s stock valued at $843,000 after purchasing an additional 4,600 shares during the last quarter.

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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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