Rent-A-Center (RCII) Given Daily Coverage Optimism Score of 0.24
Press coverage about Rent-A-Center (NASDAQ:RCII) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rent-A-Center earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.9299916871382 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have effected Accern’s analysis:
- Rent-A-Center Inc. (RCII) Expected to Announce Quarterly Sales of $652.70 Million (americanbankingnews.com)
- MotivAction Again Named as One of the Top 25 Meeting and Incentive Companies on MeetingsNet CMI 25 List (4-traders.com)
- Rent-A-Center, Inc. Reports August Key Operating Metrics (finance.yahoo.com)
- Rent-A-Center Earns Relative Strength Rating Upgrade (finance.yahoo.com)
Shares of Rent-A-Center (NASDAQ:RCII) traded down 0.64% during mid-day trading on Friday, reaching $10.80. 1,062,309 shares of the company’s stock were exchanged. The company’s market cap is $575.66 million. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.89. The company’s 50-day moving average price is $12.67 and its 200 day moving average price is $11.46.
Rent-A-Center (NASDAQ:RCII) last posted its earnings results on Wednesday, July 26th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.08). Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The firm had revenue of $667.64 million during the quarter, compared to the consensus estimate of $667.04 million. During the same quarter in the previous year, the company earned $0.41 EPS. The business’s revenue was down 10.9% compared to the same quarter last year. On average, equities research analysts predict that Rent-A-Center will post $0.07 EPS for the current year.
A number of research firms recently weighed in on RCII. BidaskClub raised shares of Rent-A-Center from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 5th. Zacks Investment Research raised shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $13.00 target price (up previously from $11.50) on shares of Rent-A-Center in a research report on Friday, July 28th. Loop Capital downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating and set a $8.00 target price for the company. in a research report on Wednesday, June 7th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $12.00 target price on shares of Rent-A-Center in a research report on Thursday, September 7th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Rent-A-Center has an average rating of “Hold” and a consensus target price of $11.50.
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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