Analysts Expect Rent-A-Center, Inc. (NASDAQ: RCII) to Report Earnings of $ 1.56 Per Share
Wall Street analysts expect Rent-A-Center, Inc. (NASDAQ: RCII) to report earnings per share (EPS) of $ 1.56 for the current fiscal quarter, reports Zacks Investment Research. Four analysts have released estimates for Rent-A-Center’s revenue. The lowest EPS estimate is $ 1.51 and the highest is $ 1.62. Rent-A-Center posted earnings of $ 1.03 per share in the same quarter last year, suggesting a positive growth rate of 51.5% year-over-year. The company is expected to release its next quarterly results on Wednesday, February 23.
Zacks says analysts expect Rent-A-Center to report annual profit of $ 6.05 per share for the current fiscal year, with EPS estimates ranging from $ 5.98 to $ 6.13 . For the next fiscal year, analysts expect the company to report earnings of $ 6.97 per share, with EPS estimates ranging from $ 6.75 to $ 7.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts who follow Rent-A-Center.
Rent-A-Center (NASDAQ: RCII) last released its quarterly results on Tuesday, November 2. The company reported earnings per share of $ 1.52 for the quarter, beating the Zacks’ consensus estimate of $ 1.47 by $ 0.05. The company posted revenue of $ 1.18 billion in the quarter, compared to a consensus estimate of $ 1.18 billion. Rent-A-Center reported a return on equity of 47.72% and a net margin of 4.39%. During the same period of the previous year, the company made EPS of $ 1.04.
A number of brokerage firms have recently commented on RCII. Raymond James lowered his price target on Rent-A-Center from $ 70.00 to $ 65.00 and set a “strong buy” rating for the company in a research note on Friday, November 5. Zacks Investment Research downgraded Rent-A-Center from a âstrong buyâ rating to a âconservationâ rating and set a price target of $ 60.00 for the company. in a research note on Tuesday, October 5. Finally, KeyCorp lowered its price target on Rent-A-Center from $ 75.00 to $ 68.00 and set an “overweight” rating for the company in a research note on Friday, November 5. One investment analyst rated the stock with a conservation rating, four issued a buy rating, and one assigned a high buy rating to the company. According to MarketBeat.com, Rent-A-Center currently has an average rating of âBuyâ and a consensus price target of $ 70.00.
In other Rent-A-Center news, director Christopher B. Hetrick bought 15,000 shares of the company in a transaction dated Monday, November 8. The stock was purchased at an average price of $ 44.50 per share, for a total value of $ 667,500.00. The transaction was disclosed in a file with the Securities & Exchange Commission, accessible through this link. Company insiders own 1.50% of the company’s shares.
Several institutional investors have recently changed their positions in the company. Scotia Capital Inc. increased its holdings of Rent-A-Center shares by 3.8% in the second quarter. Scotia Capital Inc. now owns 4,548 shares of the company valued at $ 241,000 after purchasing 165 additional shares during the period. The Texas Permanent School Fund increased its stake in Rent-A-Center shares by 0.6% in the third quarter. Texas Permanent School Fund now owns 44,739 shares of the company valued at $ 2,515,000 after purchasing an additional 265 shares during the period. Prentice Wealth Management LLC increased its stake in Rent-A-Center shares by 4.8% in the second quarter. Prentice Wealth Management LLC now owns 5,905 shares of the company valued at $ 313,000 after purchasing an additional 269 shares during the period. Fieldpoint Private Securities LLC raised its holdings of Rent-A-Center shares by 20.1% in the second quarter. Fieldpoint Private Securities LLC now owns 1,748 shares of the company valued at $ 104,000 after purchasing an additional 293 shares during the period. Finally, First Hawaiian Bank increased its stake in Rent-A-Center shares by 2.3% in the third quarter. First Hawaiian Bank now owns 13,723 shares of the company valued at $ 771,000 after purchasing an additional 304 shares during the period. Institutional investors and hedge funds hold 76.98% of the company’s shares.
RCII traded at $ 1.15 in Friday’s session, reaching $ 48.14. 1,303,153 shares of the company were traded, for an average volume of 667,422. The stock has a market capitalization of $ 3.18 billion, a P / E ratio of 16.89, a PEG ratio of 0, 24 and a beta of 1.48. The company has a 50-day moving average of $ 49.13 and a 200-day moving average of $ 55.04. The company has a current ratio of 3.23, a quick ratio of 0.75, and a debt ratio of 1.50. Rent-A-Center has a 52-week low of $ 36.99 and a 52-week high of $ 67.76.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 13. Shareholders of record on Thursday, December 16 will receive a dividend of $ 0.34. This is a boost from Rent-A-Center’s previous quarterly dividend of $ 0.31. The ex-dividend date for this dividend is Wednesday, December 15. This represents an annualized dividend of $ 1.36 and a dividend yield of 2.83%. Rent-A-Center’s dividend payout ratio is currently 47.72%.
Rent-A-Center, Inc engages in providing furniture, electronics, appliances, computers and smartphones through flexible rental purchase agreements. It operates through the following segments: Rent-A-Center Business, Preferred Lease, Mexico and Franchise. The Rent-A-Center Business segment consists of company-owned, option-to-buy rental stores in the United States and Puerto Rico.
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