Equities Analysts Offer Predictions for Rent-A-Center Inc’s FY2018 Earnings (RCII)

Rent-A-Center Inc (NASDAQ:RCII) – KeyCorp issued their FY2018 earnings per share (EPS) estimates for shares of Rent-A-Center in a research note issued on Tuesday, November 6th. KeyCorp analyst B. Thomas anticipates that the company will earn $1.15 per share for the year.

A number of other analysts have also issued reports on RCII. BidaskClub lowered shares of Rent-A-Center from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. ValuEngine upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating in a research report on Tuesday, July 31st. Finally, Loop Capital restated a “sell” rating and set a $15.00 target price on shares of Rent-A-Center in a research report on Tuesday, October 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Rent-A-Center has a consensus rating of “Hold” and a consensus target price of $11.80.

Shares of NASDAQ RCII opened at $14.43 on Friday. Rent-A-Center has a 1 year low of $7.22 and a 1 year high of $14.94. The company has a market cap of $768.90 million, a P/E ratio of -26.72 and a beta of 0.60. The company has a current ratio of 2.60, a quick ratio of 0.67 and a debt-to-equity ratio of 1.90.

Rent-A-Center (NASDAQ:RCII) last announced its earnings results on Monday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.04. Rent-A-Center had a net margin of 1.58% and a return on equity of 6.16%. The firm had revenue of $645.00 million for the quarter, compared to analyst estimates of $636.43 million. During the same quarter last year, the business earned ($0.15) earnings per share. Rent-A-Center’s revenue was up .2% compared to the same quarter last year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ontario Teachers Pension Plan Board grew its position in shares of Rent-A-Center by 19.1% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 238,286 shares of the company’s stock valued at $3,427,000 after buying an additional 38,286 shares during the last quarter. Rafferty Asset Management LLC grew its position in shares of Rent-A-Center by 67.2% during the 3rd quarter. Rafferty Asset Management LLC now owns 20,342 shares of the company’s stock valued at $293,000 after buying an additional 8,177 shares during the last quarter. Commonwealth Bank of Australia bought a new stake in shares of Rent-A-Center during the 3rd quarter valued at about $366,000. S. Muoio & CO. LLC bought a new stake in shares of Rent-A-Center during the 3rd quarter valued at about $288,000. Finally, Candriam Luxembourg S.C.A. bought a new stake in shares of Rent-A-Center during the 3rd quarter valued at about $3,401,000. Institutional investors own 94.18% of the company’s stock.

In other Rent-A-Center news, insider Engaged Capital Llc sold 4,450,000 shares of Rent-A-Center stock in a transaction on Monday, August 20th. The shares were sold at an average price of $14.67, for a total value of $65,281,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.88% of the stock is owned by company insiders.

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; 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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