Somewhat Positive News Coverage Somewhat Unlikely to Impact Rent-A-Center (RCII) Stock Price
News headlines about Rent-A-Center (NASDAQ:RCII) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rent-A-Center earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 47.2818502012933 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have impacted Accern’s analysis:
- Short Interest in Rent-A-Center Inc. (RCII) Increases By 7.1% (americanbankingnews.com)
- Rent-A-Center declines $693M buyout offer (finance.yahoo.com)
- Rent-A-Center Hopes for Better Offers Than Vintage’s (finance.yahoo.com)
- FY2017 EPS Estimates for Rent-A-Center Inc. (RCII) Lowered by Analyst (americanbankingnews.com)
- Head to Head Comparison: Rent-A-Center (RCII) & Coastal Contacts (COA) (americanbankingnews.com)
Several brokerages recently weighed in on RCII. Jefferies Group LLC decreased their target price on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, November 1st. BidaskClub upgraded Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Rent-A-Center in a research report on Wednesday, October 25th. Zacks Investment Research downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Finally, Loop Capital set a $8.00 price objective on Rent-A-Center and gave the stock a “sell” rating in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $11.21.
Shares of Rent-A-Center (NASDAQ:RCII) traded up $0.48 during mid-day trading on Friday, hitting $11.39. The company’s stock had a trading volume of 3,950,900 shares, compared to its average volume of 1,802,458. The company has a quick ratio of 0.46, a current ratio of 2.55 and a debt-to-equity ratio of 2.69. Rent-A-Center has a 52 week low of $7.76 and a 52 week high of $13.89.
Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.07). Rent-A-Center had a negative return on equity of 0.66% and a negative net margin of 6.35%. The company had revenue of $643.97 million during the quarter, compared to analyst estimates of $649.09 million. During the same period in the previous year, the company posted $0.11 earnings per share. The company’s quarterly revenue was down 7.2% on a year-over-year basis. equities research analysts forecast that Rent-A-Center will post -0.17 EPS for the current year.
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Rent-A-Center Company Profile
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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