Rent-A-Center (NASDAQ:RCII) Updates FY 2019 Earnings Guidance

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Rent-A-Center (NASDAQ:RCII) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.05-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09. The company issued revenue guidance of $2.595-2.64 billion, compared to the consensus revenue estimate of $2.62 billion.Rent-A-Center also updated its FY19 guidance to $2.05-2.40 EPS.

A number of research firms have issued reports on RCII. ValuEngine cut shares of Rent-A-Center from a buy rating to a hold rating in a report on Thursday, August 1st. Stephens raised shares of Rent-A-Center from an underweight rating to an equal rating and set a $27.00 price target for the company in a report on Monday, June 24th. BidaskClub raised shares of Rent-A-Center from a hold rating to a buy rating in a report on Tuesday, July 2nd. TheStreet raised shares of Rent-A-Center from a c rating to a b- rating in a report on Tuesday, May 7th. Finally, Raymond James raised shares of Rent-A-Center from an outperform rating to a strong-buy rating and raised their price target for the stock from $25.00 to $27.00 in a report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and an average target price of $21.80.

Shares of NASDAQ RCII traded up $0.02 during midday trading on Friday, reaching $26.48. The company had a trading volume of 1,039,130 shares, compared to its average volume of 811,287. The company’s 50-day moving average is $26.50. The company has a market cap of $1.36 billion, a PE ratio of 24.98 and a beta of 0.43. Rent-A-Center has a 1 year low of $11.98 and a 1 year high of $28.25. The company has a debt-to-equity ratio of 2.80, a quick ratio of 0.82 and a current ratio of 2.55.

Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $655.90 million during the quarter, compared to analysts’ expectations of $642.86 million. Rent-A-Center had a net margin of 4.40% and a return on equity of 35.57%. The business’s quarterly revenue was up .0% on a year-over-year basis. During the same quarter last year, the company posted $0.47 earnings per share. Equities analysts expect that Rent-A-Center will post 2.12 EPS for the current year.

In other news, EVP Catherine M. Skula sold 5,000 shares of the stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total value of $122,250.00. Following the sale, the executive vice president now owns 32,090 shares in the company, valued at $784,600.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.81% of the stock is owned by corporate insiders.

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.

Further Reading: Cost of Goods Sold (COGS)

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

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