Rent-A-Center, Inc. (NASDAQ: RCII) third quarter 2021 profit forecast released by Jefferies Financial Group


Rent-A-Center, Inc. (NASDAQ: RCII) – Analysts at Jefferies Financial Group increased their estimates of Q3 2021 EPS for Rent-A-Center in a report released Thursday, August 5. Jefferies Financial Group analyst K. Joseph now expects the company to post earnings per share of $ 1.56 for the quarter, up from its previous estimate of $ 1.46. Jefferies Financial Group also released estimates for Rent-A-Center earnings for the fourth quarter of 2021 at $ 1.69 per share, first quarter 2022 earnings at $ 1.51 per share, third quarter 2022 earnings. to $ 1.82 per share and fourth quarter 2022 earnings to $ 1.85 per share. Rent-A-Center (NASDAQ: RCII) last released its quarterly results on Wednesday, August 4. The company reported EPS of $ 1.63 for the quarter, beating Thomson Reuters consensus estimate of $ 1.36 by $ 0.27. Rent-A-Center had a net margin of 6.39% and a return on equity of 41.79%. The company posted revenue of $ 1.16 billion for the quarter, compared to analysts’ estimates of $ 1.13 billion. In the same quarter of last year, the company posted earnings of $ 0.80 per share. Rent-A-Center’s revenue for the quarter increased 69.1% compared to the same quarter last year.

The RCII has been the subject of a number of other research reports. Raymond James raised his price target on Rent-A-Center shares from $ 65.00 to $ 70.00 and gave the company a “strong buy” rating in a research note on Friday, May 7. Zacks Investment Research downgraded Rent-A-Center’s stock rating from a “buy” rating to a “keep” rating and set a price target of $ 64.00 for the company. in a research report on Thursday, May 27. Finally, Loop Capital raised its price target on Rent-A-Center shares from $ 65.00 to $ 72.00 and gave the stock a “buy” rating in a report released on Monday 3. may. One equity research analyst rated the stock with a conservation rating, four assigned a buy rating, and one issued a strong buy rating for the stock. The stock currently has an average rating of “Buy” and a consensus price target of $ 66.60.

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RCII opened at $ 58.18 on Monday. The stock has a market cap of $ 3.86 billion, a price-to-earnings ratio of 16.67 and a beta of 1.56. The company’s 50-day moving average price is $ 56.32. Rent-A-Center has a 52-week low of $ 27.83 and a 52-week high of $ 66.70. The company has a debt to equity ratio of 1.80, a current ratio of 2.79, and a quick ratio of 0.56.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 13. Investors of record on Tuesday, June 22 received a dividend of $ 0.31 per share. This represents a dividend of $ 1.24 on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend was Monday, June 21. Rent-A-Center’s dividend payout ratio is currently 35.13%.

In other Rent-A-Center news, CEO Mitchell E. Fadel sold 27,120 shares of the company in a transaction dated Wednesday, June 9. The stock was sold at an average price of $ 64.37, for a total trade of $ 1,745,714.40. The transaction was disclosed in a file with the SEC, which is available at this link. In addition, Executive Vice President Catherine M. Skula sold 2,849 shares of the company in a transaction dated Wednesday, May 26. The stock was sold for an average price of $ 59.85, for a total value of $ 170,512.65. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 52,694 shares of the company valued at $ 3,393,579. Company insiders own 0.80% of the company’s shares.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCII. Joseph P. Lucia & Associates LLC purchased a new position in Rent-A-Center during the 2nd quarter valued at approximately $ 27,000. Harvest Fund Management Co. Ltd. purchased a new equity stake in Rent-A-Center in the 1st quarter valued at approximately $ 59,000. Carolina Wealth Advisors LLC increased its stake in Rent-A-Center by 7,586.7% in the 1st quarter. Carolina Wealth Advisors LLC now owns 1,153 shares of the company valued at $ 66,000 after purchasing an additional 1,138 shares in the last quarter. Fieldpoint Private Securities LLC increased its stake in Rent-A-Center by 1,611.8% in the 1st quarter. Fieldpoint Private Securities LLC now owns 1,455 shares of the company valued at $ 84,000 after purchasing an additional 1,370 shares in the last quarter. Finally, Carroll Financial Associates Inc. acquired a new stake in Rent-A-Center in the 1st quarter valued at approximately $ 89,000. Hedge funds and other institutional investors hold 74.91% of the company’s shares.

About Rent-A-Center

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

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