Rent-A-Center Inc (NASDAQ:RCII) – Investment analysts at Jefferies Group increased their Q2 2018 earnings per share (EPS) estimates for Rent-A-Center in a research note issued on Wednesday. Jefferies Group analyst K. Joseph now expects that the company will post earnings of $0.14 per share for the quarter, up from their previous forecast of $0.12. Jefferies Group has a “Hold” rating and a $11.00 price target on the stock.

A number of other analysts have also weighed in on RCII. Zacks Investment Research upgraded shares of Rent-A-Center from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Monday, October 2nd. Raymond James Financial restated a “market perform” rating on shares of Rent-A-Center in a research note on Wednesday, October 25th. Stifel Nicolaus restated a “hold” rating and set a $10.50 price objective on shares of Rent-A-Center in a research note on Wednesday, November 1st. 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, BidaskClub upgraded shares of Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Rent-A-Center currently has a consensus rating of “Hold” and a consensus price target of $11.21.

Rent-A-Center (RCII) traded up $0.24 during trading hours on Thursday, reaching $11.40. 1,042,323 shares of the company’s stock were exchanged, compared to its average volume of 1,415,622. The company 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 debt-to-equity ratio of 2.69, a quick ratio of 0.46 and a current ratio of 2.55. Rent-A-Center has a 1-year low of $7.76 and a 1-year high of $13.89.

Rent-A-Center (NASDAQ:RCII) last released its quarterly earnings data on Monday, October 30th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.07). The firm had revenue of $643.97 million for the quarter, compared to the consensus estimate of $649.09 million. Rent-A-Center had a negative net margin of 6.35% and a negative return on equity of 0.66%. The firm’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.11 earnings per share.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Highbridge Capital Management LLC purchased a new stake in shares of Rent-A-Center during the 3rd quarter valued at about $5,795,000. Royce & Associates LP boosted its holdings in shares of Rent-A-Center by 10.6% during the 3rd quarter. Royce & Associates LP now owns 417,518 shares of the company’s stock valued at $4,793,000 after acquiring an additional 40,000 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Rent-A-Center during the 3rd quarter valued at about $576,000. Convergence Investment Partners LLC boosted its holdings in shares of Rent-A-Center by 26.0% during the 3rd quarter. Convergence Investment Partners LLC now owns 51,932 shares of the company’s stock valued at $596,000 after acquiring an additional 10,729 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Rent-A-Center by 1.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 1,577,669 shares of the company’s stock valued at $18,112,000 after acquiring an additional 25,839 shares during the last quarter.

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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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