Rent-A-Center (NASDAQ:RCII) is set to release its earnings data after the market closes on Wednesday, May 5th. Analysts expect Rent-A-Center to post earnings of $1.11 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.
Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Tuesday, February 23rd. The company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $0.01. The firm had revenue of $716.49 million during the quarter, compared to analyst estimates of $716.56 million. Rent-A-Center had a return on equity of 35.08% and a net margin of 6.95%. On average, analysts expect Rent-A-Center to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of RCII opened at $60.26 on Tuesday. Rent-A-Center has a 52 week low of $18.05 and a 52 week high of $64.79. The stock has a 50 day moving average price of $58.27 and a two-hundred day moving average price of $45.94. The firm has a market capitalization of $4.00 billion, a P/E ratio of 17.47 and a beta of 1.68. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.74 and a current ratio of 2.40.
In other news, Director Jeffrey J. Brown purchased 26,996 shares of Rent-A-Center stock in a transaction that occurred on Friday, February 26th. The stock was bought at an average price of $55.56 per share, with a total value of $1,499,897.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony J. Blasquez sold 19,972 shares of the firm’s stock in a transaction that occurred on Friday, February 26th. The shares were sold at an average price of $54.07, for a total transaction of $1,079,886.04. The disclosure for this sale can be found here. Insiders have sold 51,344 shares of company stock valued at $2,899,369 in the last ninety days. Insiders own 0.80% of the company’s stock.
Several equities analysts recently commented on RCII shares. Loop Capital upped their price objective on Rent-A-Center from $65.00 to $72.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp upped their price target on shares of Rent-A-Center from $60.00 to $75.00 and gave the stock an “overweight” rating in a report on Friday, February 26th. Zacks Investment Research cut Rent-A-Center from a “strong-buy” rating to a “hold” rating and set a $60.00 target price on the stock. in a research note on Tuesday, April 27th. Finally, Raymond James increased their target price on Rent-A-Center from $45.00 to $65.00 and gave the company a “strong-buy” rating in a research note on Thursday, March 4th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Rent-A-Center has a consensus rating of “Buy” and an average target price of $54.43.
Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Preferred Lease, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements.
Read More: How is an ETF different from a mutual fund?
Receive News & Ratings for Rent-A-Center Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rent-A-Center and related companies with MarketBeat.com's FREE daily email newsletter.