-$0.07 EPS Expected for Rent-A-Center Inc (RCII) This Quarter

Equities research analysts predict that Rent-A-Center Inc (NASDAQ:RCII) will announce earnings per share (EPS) of ($0.07) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.01 and the lowest estimate coming in at ($0.17). Rent-A-Center reported earnings per share of $0.09 during the same quarter last year, which would suggest a negative year-over-year growth rate of 177.8%. The company is scheduled to report its next earnings results on Wednesday, March 7th.

According to Zacks, analysts expect that Rent-A-Center will report full-year earnings of ($0.19) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.12). For the next year, analysts expect that the business will report earnings of $0.71 per share, with EPS estimates ranging from $0.31 to $1.36. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The company had revenue of $643.97 million for the quarter, compared to analysts’ expectations of $649.09 million. Rent-A-Center had a negative net margin of 1.96% and a negative return on equity of 20.79%. Rent-A-Center’s quarterly revenue was down 7.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 earnings per share.

RCII has been the subject of several analyst reports. BidaskClub lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Friday, December 15th. Jefferies Group restated a “hold” rating and issued a $12.00 price objective on shares of Rent-A-Center in a research note on Thursday, September 7th. Zacks Investment Research lowered Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Stifel Nicolaus restated a “hold” rating and issued a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Finally, Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $11.21.

A number of institutional investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its holdings in Rent-A-Center by 1.1% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 24,038 shares of the company’s stock worth $282,000 after buying an additional 263 shares during the period. Texas Permanent School Fund boosted its holdings in shares of Rent-A-Center by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 38,839 shares of the company’s stock valued at $455,000 after purchasing an additional 324 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of Rent-A-Center by 3.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 12,550 shares of the company’s stock valued at $147,000 after purchasing an additional 440 shares during the last quarter. B. Riley Financial Inc. boosted its holdings in shares of Rent-A-Center by 3.1% during the 2nd quarter. B. Riley Financial Inc. now owns 23,206 shares of the company’s stock valued at $272,000 after purchasing an additional 706 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its holdings in shares of Rent-A-Center by 6.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 32,090 shares of the company’s stock valued at $376,000 after purchasing an additional 2,050 shares during the last quarter.

Rent-A-Center (RCII) traded up $0.03 during trading hours on Friday, hitting $10.94. The stock had a trading volume of 576,222 shares, compared to its average volume of 1,725,315. The company has a debt-to-equity ratio of 2.69, a current ratio of 2.55 and a quick ratio of 0.46. The stock has a market cap of $575.77, a price-to-earnings ratio of -3.32 and a beta of 0.69. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.89.

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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.

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

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