Jefferies Financial Group Comments on Rent-A-Center Inc’s Q2 2019 Earnings (RCII)

Rent-A-Center Inc (NASDAQ:RCII) – Research analysts at Jefferies Financial Group decreased their Q2 2019 earnings per share (EPS) estimates for shares of Rent-A-Center in a note issued to investors on Monday, March 18th. Jefferies Financial Group analyst K. Joseph now anticipates that the company will earn $0.65 per share for the quarter, down from their previous forecast of $0.67. Jefferies Financial Group has a “Hold” rating and a $22.00 price objective on the stock.

Other analysts also recently issued reports about the company. BidaskClub downgraded Rent-A-Center from a “strong-buy” rating to a “buy” rating in a report on Monday, February 4th. Janney Montgomery Scott upgraded Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Tuesday, December 18th. ValuEngine downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a report on Tuesday, December 11th. Finally, Raymond James downgraded Rent-A-Center from an “outperform” rating to a “market perform” rating and set a $18.78 price objective for the company. in a report on Wednesday, February 27th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $17.92.

RCII stock opened at $19.69 on Wednesday. The company has a quick ratio of 0.67, a current ratio of 2.46 and a debt-to-equity ratio of 1.88. The stock has a market capitalization of $1.14 billion, a P/E ratio of 18.58 and a beta of 0.27. Rent-A-Center has a 1-year low of $8.12 and a 1-year high of $22.77.

In related news, EVP Fred E. Herman sold 2,227 shares of Rent-A-Center stock in a transaction dated Tuesday, January 29th. The stock was sold at an average price of $17.50, for a total value of $38,972.50. Following the completion of the sale, the executive vice president now directly owns 28,506 shares in the company, valued at $498,855. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Catherine M. Skula sold 21,381 shares of the business’s stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $15.08, for a total transaction of $322,425.48. Following the completion of the transaction, the executive vice president now owns 33,998 shares of the company’s stock, valued at $512,689.84. The disclosure for this sale can be found here. Insiders sold 33,208 shares of company stock valued at $528,342 over the last 90 days. 0.88% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. FNY Investment Advisers LLC raised its holdings in Rent-A-Center by 1,009.1% in the fourth quarter. FNY Investment Advisers LLC now owns 2,000 shares of the company’s stock worth $32,000 after purchasing an additional 2,220 shares in the last quarter. Nisa Investment Advisors LLC raised its holdings in Rent-A-Center by 26.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 3,800 shares of the company’s stock worth $62,000 after purchasing an additional 800 shares in the last quarter. Bank of Montreal Can raised its holdings in Rent-A-Center by 105.6% in the fourth quarter. Bank of Montreal Can now owns 3,831 shares of the company’s stock worth $62,000 after purchasing an additional 1,968 shares in the last quarter. CENTRAL TRUST Co bought a new position in Rent-A-Center in the fourth quarter worth about $121,000. Finally, Municipal Employees Retirement System of Michigan bought a new position in Rent-A-Center in the fourth quarter worth about $205,000. Institutional investors and hedge funds own 91.40% of the company’s stock.

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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