Zacks: Analysts Expect Rent-A-Center Inc (NASDAQ:RCII) Will Post Earnings of $0.62 Per Share

Wall Street brokerages expect Rent-A-Center Inc (NASDAQ:RCII) to report $0.62 earnings per share for the current quarter, Zacks reports. Six analysts have made estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.64 and the lowest estimate coming in at $0.61. Rent-A-Center posted earnings of $0.59 per share in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is scheduled to issue its next earnings results on Monday, May 4th.

On average, analysts expect that Rent-A-Center will report full year earnings of $2.61 per share for the current year, with EPS estimates ranging from $2.50 to $2.66. For the next financial year, analysts forecast that the business will post earnings of $3.02 per share, with EPS estimates ranging from $2.95 to $3.12. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Monday, February 24th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ 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 for the quarter, compared to the consensus estimate of $658.66 million. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up .9% compared to the same quarter last year.

A number of brokerages recently weighed in on RCII. ValuEngine upgraded shares of Rent-A-Center from a “strong sell” rating to a “sell” rating in a report on Monday, March 9th. Stephens downgraded shares of Rent-A-Center from an “equal weight” rating to an “underweight” rating in a report on Friday, January 3rd. Finally, BidaskClub downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a report on Saturday, March 7th. Three research analysts have rated the stock with a sell rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $27.33.

A number of institutional investors and hedge funds have recently modified their holdings of RCII. Tower Research Capital LLC TRC increased its holdings in Rent-A-Center by 61.2% during the third quarter. Tower Research Capital LLC TRC now owns 2,722 shares of the company’s stock worth $70,000 after buying an additional 1,033 shares during the last quarter. Mason Street Advisors LLC increased its holdings in Rent-A-Center by 10.7% during the third quarter. Mason Street Advisors LLC now owns 16,585 shares of the company’s stock worth $428,000 after buying an additional 1,607 shares during the last quarter. Voya Investment Management LLC increased its holdings in Rent-A-Center by 16.6% during the third quarter. Voya Investment Management LLC now owns 48,111 shares of the company’s stock worth $1,241,000 after buying an additional 6,867 shares during the last quarter. State Street Corp increased its holdings in Rent-A-Center by 2.7% during the third quarter. State Street Corp now owns 1,519,212 shares of the company’s stock worth $39,541,000 after buying an additional 40,539 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in Rent-A-Center by 1.6% during the third quarter. California State Teachers Retirement System now owns 76,177 shares of the company’s stock worth $1,965,000 after purchasing an additional 1,173 shares during the period.

Shares of NASDAQ RCII traded up $0.48 during midday trading on Friday, reaching $15.47. The company’s stock had a trading volume of 903,900 shares, compared to its average volume of 771,873. The stock has a market capitalization of $838.67 million, a price-to-earnings ratio of 4.97 and a beta of 0.83. Rent-A-Center has a fifty-two week low of $11.69 and a fifty-two week high of $31.14. The stock has a 50 day simple moving average of $21.47 and a 200-day simple moving average of $25.57. The company has a current ratio of 2.37, a quick ratio of 0.49 and a debt-to-equity ratio of 1.12.

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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