Equities research analysts expect Rent-A-Center Inc (NASDAQ:RCII) to post $660.21 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Rent-A-Center’s earnings. The highest sales estimate is $672.25 million and the lowest is $655.50 million. Rent-A-Center posted sales of $661.75 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The company is expected to issue its next earnings results on Monday, February 24th.
According to Zacks, analysts expect that Rent-A-Center will report full-year sales of $2.66 billion for the current year, with estimates ranging from $2.66 billion to $2.67 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.74 billion, with estimates ranging from $2.66 billion to $2.84 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Rent-A-Center.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.03). The firm had revenue of $649.37 million during the quarter, compared to the consensus estimate of $630.83 million. Rent-A-Center had a net margin of 5.09% and a return on equity of 31.75%. Rent-A-Center’s revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 EPS.
NASDAQ:RCII traded down $0.08 on Friday, hitting $25.71. 387,917 shares of the stock were exchanged, compared to its average volume of 1,101,549. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 2.34. Rent-A-Center has a 52 week low of $11.98 and a 52 week high of $28.25. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.24 and a beta of 0.39. The company’s 50-day moving average price is $25.31 and its 200 day moving average price is $25.59.
In related news, EVP Catherine M. Skula sold 1,380 shares of the company’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $24.90, for a total value of $34,362.00. Following the completion of the sale, the executive vice president now owns 28,470 shares in the company, valued at $708,903. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.81% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. Usca Ria LLC acquired a new position in Rent-A-Center during the third quarter valued at approximately $31,000. Tower Research Capital LLC TRC increased its stake in Rent-A-Center by 126.1% in the second quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock valued at $45,000 after purchasing an additional 942 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Rent-A-Center by 74.6% in the second quarter. Meeder Asset Management Inc. now owns 2,275 shares of the company’s stock worth $60,000 after purchasing an additional 972 shares during the period. C M Bidwell & Associates Ltd. acquired a new stake in Rent-A-Center in the second quarter worth $111,000. Finally, First Quadrant L P CA raised its holdings in Rent-A-Center by 17.6% in the second quarter. First Quadrant L P CA now owns 5,111 shares of the company’s stock worth $136,000 after purchasing an additional 765 shares during the period. 95.67% of the stock is currently owned by institutional investors and hedge funds.
Rent-A-Center Company Profile
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.
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