Brokerages Anticipate Rent-A-Center Inc (NASDAQ:RCII) Will Post Quarterly Sales of $714.38 Million

Equities research analysts predict that Rent-A-Center Inc (NASDAQ:RCII) will report sales of $714.38 million for the current quarter, according to Zacks. Six analysts have made estimates for Rent-A-Center’s earnings, with the highest sales estimate coming in at $730.10 million and the lowest estimate coming in at $688.20 million. Rent-A-Center reported sales of $696.69 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is expected to announce its next earnings report on Monday, May 4th.

On average, analysts expect that Rent-A-Center will report full year sales of $2.80 billion for the current year, with estimates ranging from $2.78 billion to $2.82 billion. For the next financial year, analysts expect that the business will post sales of $2.95 billion, with estimates ranging from $2.83 billion to $3.02 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Monday, February 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. Rent-A-Center had a net margin of 6.54% and a return on equity of 31.73%. The company had revenue of $667.86 million during the quarter, compared to the consensus estimate of $658.66 million. During the same quarter in the prior year, the firm posted $0.35 earnings per share. Rent-A-Center’s revenue for the quarter was up .9% on a year-over-year basis.

RCII has been the subject of several research analyst reports. Stephens downgraded shares of Rent-A-Center from an “equal weight” rating to an “underweight” rating in a research note on Friday, January 3rd. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a research note on Monday, March 9th. Finally, BidaskClub downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Saturday, March 7th. Three investment analysts have rated the stock with a sell rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Rent-A-Center currently has a consensus rating of “Hold” and a consensus price target of $27.33.

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC raised its holdings in shares of Rent-A-Center by 990.7% in the fourth quarter. Advisory Services Network LLC now owns 1,636 shares of the company’s stock valued at $47,000 after buying an additional 1,486 shares during the last quarter. US Bancorp DE raised its holdings in shares of Rent-A-Center by 201.9% in the fourth quarter. US Bancorp DE now owns 1,860 shares of the company’s stock valued at $54,000 after buying an additional 1,244 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Rent-A-Center by 61.2% in the third quarter. Tower Research Capital LLC TRC now owns 2,722 shares of the company’s stock valued at $70,000 after buying an additional 1,033 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Rent-A-Center in the fourth quarter valued at about $77,000. Finally, Meeder Asset Management Inc. raised its holdings in shares of Rent-A-Center by 5,236.2% in the fourth quarter. Meeder Asset Management Inc. now owns 3,095 shares of the company’s stock valued at $89,000 after buying an additional 3,037 shares during the last quarter.

NASDAQ RCII traded up $0.48 during trading hours on Monday, hitting $15.47. The company had a trading volume of 903,900 shares, compared to its average volume of 771,873. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.49 and a current ratio of 2.37. Rent-A-Center has a 1-year low of $11.69 and a 1-year high of $31.14. The company has a market cap of $838.67 million, a PE ratio of 4.97 and a beta of 0.83. The business has a 50 day moving average of $21.47 and a 200-day moving average of $25.57.

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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