Rent-A-Center Inc. (NASDAQ:RCII) – Equities research analysts at Jefferies Group dropped their Q1 2018 earnings per share estimates for Rent-A-Center in a research report issued on Wednesday. Jefferies Group analyst K. Joseph now anticipates that the company will post earnings of $0.10 per share for the quarter, down from their prior forecast of $0.11. Jefferies Group currently has a “Hold” rating and a $11.00 price target on the stock. Jefferies Group also issued estimates for Rent-A-Center’s Q4 2018 earnings at $0.20 EPS.

Rent-A-Center (NASDAQ:RCII) last released 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). Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The firm had revenue of $643.97 million during the quarter, compared to the consensus estimate of $649.09 million. During the same period in the prior year, the business posted $0.11 earnings per share. Rent-A-Center’s quarterly revenue was down 7.2% compared to the same quarter last year. ILLEGAL ACTIVITY NOTICE: “Q1 2018 EPS Estimates for Rent-A-Center Inc. Cut by Jefferies Group (RCII)” was first published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The original version of this news story can be viewed at https://theolympiareport.com/2017/11/02/q1-2018-eps-estimates-for-rent-a-center-inc-cut-by-jefferies-group-rcii.html.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Rent-A-Center from a “buy” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus reiterated a “hold” rating and set a $10.50 price target on shares of Rent-A-Center in a report on Wednesday. BidaskClub upgraded Rent-A-Center from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 5th. Loop Capital set a $8.00 price target on Rent-A-Center and gave the stock a “sell” rating in a report on Tuesday. Finally, Raymond James Financial, Inc. reiterated a “market perform” rating on shares of Rent-A-Center in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Rent-A-Center presently has a consensus rating of “Hold” and a consensus target price of $11.21.

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in Rent-A-Center by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 7,115,980 shares of the company’s stock valued at $63,118,000 after purchasing an additional 223,478 shares during the period. Frontier Capital Management Co. LLC lifted its holdings in Rent-A-Center by 2.2% during the 3rd quarter. Frontier Capital Management Co. LLC now owns 3,215,402 shares of the company’s stock worth $36,913,000 after purchasing an additional 68,605 shares in the last quarter. Arlington Value Capital LLC lifted its holdings 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 worth $31,907,000 after purchasing an additional 1,252,756 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Rent-A-Center by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,276,061 shares of the company’s stock worth $20,190,000 after purchasing an additional 23,437 shares in the last quarter. Finally, Brandes Investment Partners LP lifted its holdings in Rent-A-Center by 2.4% during the 2nd quarter. Brandes Investment Partners LP now owns 2,072,495 shares of the company’s stock worth $24,290,000 after purchasing an additional 49,068 shares in the last quarter.

About Rent-A-Center

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.

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

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