FY2017 EPS Estimates for Rent-A-Center Inc Cut by Jefferies Group (RCII)

Rent-A-Center Inc (NASDAQ:RCII) – Stock analysts at Jefferies Group cut their FY2017 earnings estimates for Rent-A-Center in a research note issued to investors on Wednesday. Jefferies Group analyst K. Joseph now anticipates that the company will post earnings of ($0.17) per share for the year, down from their prior estimate of ($0.12). Jefferies Group has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q4 2017 earnings at ($0.04) EPS, Q1 2018 earnings at $0.12 EPS, Q3 2018 earnings at $0.07 EPS, Q4 2018 earnings at $0.24 EPS and FY2018 earnings at $0.57 EPS.

RCII has been the subject of several other reports. Zacks Investment Research upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Raymond James Financial reiterated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Loop Capital set a $8.00 price objective on shares of Rent-A-Center and gave the company a “sell” rating in a research note on Tuesday, October 31st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $11.21.

Rent-A-Center (NASDAQ RCII) opened at $11.40 on Friday. The firm has a market cap of $594.96, a price-to-earnings ratio of -3.45 and a beta of 0.69. 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 announced its earnings results on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.07). The firm had revenue of $643.97 million during the quarter, compared to analysts’ expectations of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. Rent-A-Center’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.11 earnings per share.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCII. Arlington Value Capital LLC boosted its stake in Rent-A-Center by 85.2% during the 2nd quarter. Arlington Value Capital LLC now owns 2,722,514 shares of the company’s stock valued at $31,907,000 after acquiring an additional 1,252,756 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Rent-A-Center by 1,124.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,229,142 shares of the company’s stock valued at $14,405,000 after acquiring an additional 1,128,785 shares during the last quarter. Highbridge Capital Management LLC bought a new position in Rent-A-Center during the 3rd quarter valued at $5,795,000. Rafferty Asset Management LLC bought a new position in Rent-A-Center during the 2nd quarter valued at $5,376,000. Finally, GSA Capital Partners LLP raised its holdings in shares of Rent-A-Center by 65.4% during the second quarter. GSA Capital Partners LLP now owns 438,150 shares of the company’s stock worth $5,135,000 after purchasing an additional 173,186 shares during the period.

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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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