Wall Street brokerages predict that Rent-A-Center Inc (NASDAQ:RCII) will post earnings per share of ($0.07) for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Rent-A-Center’s earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at $0.00. Rent-A-Center reported earnings of $0.09 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 177.8%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Rent-A-Center will report full year earnings of ($0.20) per share for the current fiscal year, with EPS estimates ranging from ($0.30) to ($0.12). For the next financial year, analysts expect that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.31 to $1.36. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Rent-A-Center.
A number of brokerages have issued reports on RCII. BidaskClub downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, January 31st. ValuEngine downgraded Rent-A-Center from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. Loop Capital set a $8.00 price target on Rent-A-Center and gave the stock a “sell” rating in a research report on Wednesday, January 17th. Zacks Investment Research upgraded Rent-A-Center from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Finally, Jefferies Group lowered their price target on Rent-A-Center from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Rent-A-Center has a consensus rating of “Hold” and an average target price of $11.21.
Rent-A-Center (NASDAQ RCII) opened at $9.73 on Monday. 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 1 year low of $7.95 and a 1 year high of $13.89.
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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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