Rent-A-Center (RCII) Set to Announce Quarterly Earnings on Wednesday

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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.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 22nd. Stockholders of record on Tuesday, April 6th were paid a $0.31 dividend. The ex-dividend date was Monday, April 5th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.06%. Rent-A-Center’s payout ratio is presently 55.36%.

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.

About Rent-A-Center

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.

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

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