Rent-A-Center (RCII) to Release Earnings on Wednesday

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Rent-A-Center (NASDAQ:RCII) will post its Q2 2019 quarterly earnings results after the market closes on Wednesday, August 7th. Analysts expect Rent-A-Center to post earnings of $0.56 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Monday, May 6th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.29. The firm had revenue of $696.69 million during the quarter, compared to analysts’ expectations of $683.62 million. Rent-A-Center had a net margin of 1.34% and a return on equity of 33.38%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) earnings per share. On average, analysts expect Rent-A-Center to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

RCII stock opened at $25.20 on Tuesday. The company has a market capitalization of $1.41 billion, a PE ratio of 23.77 and a beta of 0.43. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.55 and a quick ratio of 0.82. Rent-A-Center has a 12 month low of $11.98 and a 12 month high of $28.25. The business has a 50-day moving average of $26.50.

A number of research analysts have recently commented on the stock. Stephens raised shares of Rent-A-Center from an “underweight” rating to an “equal” rating and set a $27.00 target price for the company in a report on Monday, June 24th. TheStreet raised shares of Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. ValuEngine cut shares of Rent-A-Center from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Raymond James raised shares of Rent-A-Center from an “outperform” rating to a “strong-buy” rating and increased their target price for the stock from $25.00 to $27.00 in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $21.80.

In related news, EVP Catherine M. Skula sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total value of $122,250.00. Following the completion of the transaction, the executive vice president now owns 32,090 shares in the company, valued at approximately $784,600.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.81% of the stock is owned by company insiders.

About Rent-A-Center

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; wheels and tires; and furniture, including accessories under rental purchase agreements.

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

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