Jefferies Group Brokers Lower Earnings Estimates for Rent-A-Center Inc. (NASDAQ:RCII)

Rent-A-Center Inc. (NASDAQ:RCII) – Equities researchers at Jefferies Group reduced their FY2017 EPS estimates for shares of Rent-A-Center in a research report issued on Wednesday, according to Zacks Investment Research. Jefferies Group analyst K. Joseph now anticipates that the company will post earnings per share of ($0.12) for the year, down from their prior forecast of $0.09. Jefferies Group currently has a “Hold” rating and a $11.00 price objective on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q4 2017 earnings at $0.01 EPS, Q3 2018 earnings at $0.06 EPS and FY2018 earnings at $0.49 EPS.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. 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 earned $0.11 EPS. The firm’s quarterly revenue was down 7.2% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: This story was originally reported by Week Herald and is owned by of Week Herald. If you are viewing this story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this story can be viewed at https://weekherald.com/2017/11/15/rent-a-center-inc-rcii-to-post-fy2017-earnings-of-0-12-per-share-jefferies-group-forecasts.html.

A number of other research analysts also recently issued reports on RCII. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Stifel Nicolaus reissued a “hold” rating and set a $10.50 target price on shares of Rent-A-Center in a research report on Wednesday, November 1st. Finally, Raymond James Financial, Inc. reissued a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Two analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.21.

Rent-A-Center (NASDAQ:RCII) opened at $11.51 on Monday. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center has a 12-month low of $7.76 and a 12-month high of $13.89.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Rent-A-Center by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock valued at $63,118,000 after acquiring an additional 223,478 shares during the last quarter. Frontier Capital Management Co. LLC boosted its holdings in shares of Rent-A-Center by 2.2% in the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock valued at $36,913,000 after acquiring an additional 68,605 shares during the last quarter. Arlington Value Capital LLC boosted its holdings in shares of Rent-A-Center by 85.2% in the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after acquiring an additional 1,252,756 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Rent-A-Center by 1.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock valued at $20,190,000 after acquiring an additional 23,437 shares during the last quarter. Finally, Brandes Investment Partners LP boosted its holdings in shares of Rent-A-Center by 2.4% in the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock valued at $24,290,000 after acquiring an additional 49,068 shares during the last quarter.

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

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