Rent-A-Center, Inc (RCII) Updates FY12 Earnings Guidance
Rent-A-Center, Inc (RCII) updated its FY12 earnings guidance on Monday. The company provided EPS guidance of $3.05-3.15 for the period.
A number of analysts have recently weighed in on RCII shares. Analysts at Zacks reiterated an outperform rating on shares of Rent-A-Center in a research note to investors on Tuesday, September 11th. They now have a $40.00 price target on the stock.
Rent-A-Center, Inc (RCII) traded down 0.83% on Monday, hitting $33.40. Rent-A-Center, Inc (RCII) has a 52-week low of $31.24 and a 52-week high of $39.50. The company has a market cap of $1.972 billion and a price-to-earnings ratio of 11.42.
Rent-A-Center last posted its quarterly earnings results on Monday, October 22nd. The company reported $0.67 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.67. The company’s quarterly revenue was up 5.0% on a year-over-year basis. Analysts expect that Rent-A-Center, Inc (RCII) will post $3.15 EPS for the current fiscal year.
Rent-A-Center, Inc. is a rent-to-own operator. As of December 31, 2009, the Company operated 3,007 Company-owned stores nationwide and in Canada and Puerto Rico, including 39 retail installment sales stores under the names Get It Now and Home Choice, and 18 rent-to-own stores located in Canada under the names Rent-A-Centre and Better Living.
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