Zacks: Brokerages Expect Rent-A-Center Inc (NASDAQ:RCII) Will Post Earnings of $0.50 Per Share

Equities analysts expect Rent-A-Center Inc (NASDAQ:RCII) to announce earnings per share (EPS) of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Rent-A-Center’s earnings, with the highest EPS estimate coming in at $0.54 and the lowest estimate coming in at $0.47. Rent-A-Center posted earnings per share of $0.32 in the same quarter last year, which suggests a positive year over year growth rate of 56.3%. The firm is expected to issue its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that Rent-A-Center will report full-year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.23 to $2.31. For the next year, analysts expect that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.43 to $2.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Rent-A-Center.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Wednesday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. The company had revenue of $655.90 million during the quarter, compared to analyst estimates of $642.86 million. Rent-A-Center had a return on equity of 32.63% and a net margin of 4.40%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 earnings per share.

A number of research firms have recently issued reports on RCII. Janney Montgomery Scott upgraded Rent-A-Center from a “neutral” rating to a “buy” rating in a report on Thursday, August 8th. ValuEngine lowered Rent-A-Center from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Stephens upgraded 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. Stifel Nicolaus set a $28.00 target price on Rent-A-Center and gave the company a “hold” rating in a report on Friday, September 6th. Finally, BidaskClub upgraded Rent-A-Center from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $24.40.

Hedge funds and other institutional investors have recently bought and sold shares of the company. KBC Group NV increased its stake in shares of Rent-A-Center by 258.1% in the second quarter. KBC Group NV now owns 215,013 shares of the company’s stock worth $5,726,000 after acquiring an additional 154,977 shares during the last quarter. Stone Ridge Asset Management LLC increased its stake in shares of Rent-A-Center by 5.8% in the second quarter. Stone Ridge Asset Management LLC now owns 61,740 shares of the company’s stock worth $1,644,000 after acquiring an additional 3,400 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Rent-A-Center in the second quarter worth $855,000. SG Americas Securities LLC acquired a new position in shares of Rent-A-Center in the second quarter worth $136,000. Finally, Voloridge Investment Management LLC increased its stake in shares of Rent-A-Center by 35.9% in the second quarter. Voloridge Investment Management LLC now owns 39,907 shares of the company’s stock worth $1,063,000 after acquiring an additional 10,545 shares during the last quarter. 95.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of RCII traded up $0.37 during mid-day trading on Monday, reaching $26.74. The company’s stock had a trading volume of 367,300 shares, compared to its average volume of 1,164,209. The business has a fifty day moving average of $25.83 and a 200 day moving average of $25.14. The company has a market cap of $1.45 billion, a price-to-earnings ratio of 25.23 and a beta of 0.42. Rent-A-Center has a 1 year low of $11.98 and a 1 year high of $28.25. The company has a quick ratio of 1.17, a current ratio of 2.97 and a debt-to-equity ratio of 2.07.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 23rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is an increase from Rent-A-Center’s previous quarterly dividend of $0.08. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.74%. Rent-A-Center’s dividend payout ratio is 94.34%.

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; wheels and tires; 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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