Rent-A-Center (RCII) Earning Somewhat Favorable Press Coverage, Report Shows

News articles about Rent-A-Center (NASDAQ:RCII) have been trending somewhat positive this week, according to Accern. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rent-A-Center earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.7519734020586 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Here are some of the media stories that may have effected Accern Sentiment’s rankings:

Shares of Rent-A-Center (NASDAQ:RCII) opened at $11.51 on Wednesday. Rent-A-Center has a 52 week low of $7.76 and a 52 week high of $13.89. The company has a current ratio of 2.55, a quick ratio of 0.46 and a debt-to-equity ratio of 2.69.

Rent-A-Center (NASDAQ:RCII) last announced its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 for the quarter, compared to the consensus estimate of $649.09 million. During the same quarter last year, the firm posted $0.11 earnings per share. The company’s revenue was down 7.2% compared to the same quarter last year. equities research analysts anticipate that Rent-A-Center will post -0.17 earnings per share for the current fiscal year.

A number of brokerages have commented on RCII. Jefferies Group LLC reduced their price target on shares of Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. BidaskClub upgraded shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. restated a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Zacks Investment Research cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Loop Capital set a $8.00 target price on shares of Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday, October 31st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $11.21.

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About Rent-A-Center

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.

Insider Buying and Selling by Quarter for Rent-A-Center (NASDAQ:RCII)

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