Rent-A-Center Inc (NASDAQ:RCII) – Equities researchers at Jefferies Financial Group boosted their Q3 2019 earnings estimates for shares of Rent-A-Center in a research note issued to investors on Tuesday, July 9th. Jefferies Financial Group analyst K. Joseph now anticipates that the company will post earnings per share of $0.43 for the quarter, up from their previous forecast of $0.41. Jefferies Financial Group currently has a “Hold” rating and a $22.00 price objective on the stock. Jefferies Financial Group also issued estimates for Rent-A-Center’s Q3 2020 earnings at $0.47 EPS.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings results on Monday, May 6th. The company reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.29. The firm had revenue of $696.69 million during the quarter, compared to analysts’ expectations of $683.62 million. Rent-A-Center had a return on equity of 33.38% and a net margin of 1.34%. Rent-A-Center’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.08) EPS.

Other equities analysts have also recently issued research reports about the company. BidaskClub upgraded Zillow Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, July 2nd. TheStreet upgraded Rent-A-Center from a “c” rating to a “b-” rating in a report on Tuesday, May 7th. Stephens set a $120.00 price target on Electronic Arts and gave the stock a “buy” rating in a report on Monday, June 24th. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Finally, Raymond James restated a “buy” rating on shares of West Fraser Timber in a report on Monday, April 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Rent-A-Center has a consensus rating of “Buy” and an average target price of $21.80.

NASDAQ RCII opened at $27.83 on Thursday. The stock has a market cap of $1.49 billion, a PE ratio of 26.25 and a beta of 0.48. Rent-A-Center has a fifty-two week low of $11.98 and a fifty-two week high of $27.95. The business has a 50 day moving average of $25.34. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.82 and a current ratio of 2.55.

Institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. raised its position in shares of Rent-A-Center by 117.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock valued at $27,000 after purchasing an additional 703 shares in the last quarter. First Quadrant L P CA acquired a new position in shares of Rent-A-Center in the 1st quarter valued at approximately $91,000. Advisors Preferred LLC acquired a new position in shares of Rent-A-Center in the 1st quarter valued at approximately $113,000. Anderson Fisher LLC acquired a new position in shares of Rent-A-Center in the 1st quarter valued at approximately $123,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Rent-A-Center by 334.6% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,188 shares of the company’s stock valued at $150,000 after purchasing an additional 5,534 shares in the last quarter. 95.26% of the stock is currently owned by institutional investors.

In other Rent-A-Center news, EVP Catherine M. Skula sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $24.45, for a total value of $122,250.00. Following the transaction, the executive vice president now directly owns 32,090 shares of the company’s stock, valued at approximately $784,600.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.81% of the company’s stock.

About Rent-A-Center

Rent-A-Center, Inc, together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates through four segments: Core U.S., Acceptance Now, Mexico, and Franchising. It offers durable products, such as consumer electronics; appliances; computers, including tablets; smartphones; wheels and tires; and furniture, including accessories under rental purchase agreements.

Further Reading: Diversification

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

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