Rent-A-Center Inc (NASDAQ:RCII) – Investment analysts at Northcoast Research raised their Q3 2019 EPS estimates for shares of Rent-A-Center in a research report issued to clients and investors on Monday, August 12th. Northcoast Research analyst T. Vierengel now forecasts that the company will earn $0.50 per share for the quarter, up from their prior forecast of $0.47. Northcoast Research also issued estimates for Rent-A-Center’s Q4 2019 earnings at $0.54 EPS, FY2019 earnings at $2.23 EPS, Q1 2020 earnings at $0.68 EPS, Q2 2020 earnings at $0.67 EPS, Q3 2020 earnings at $0.59 EPS, Q4 2020 earnings at $0.61 EPS and FY2020 earnings at $2.43 EPS.
Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. Rent-A-Center had a return on equity of 32.63% and a net margin of 4.40%. The firm had revenue of $655.90 million during the quarter, compared to analyst estimates of $642.86 million. During the same period in the previous year, the company posted $0.47 EPS. The company’s revenue for the quarter was up .0% on a year-over-year basis.
Shares of RCII stock opened at $26.13 on Wednesday. Rent-A-Center has a 1 year low of $11.98 and a 1 year high of $28.25. The firm has a fifty day moving average price of $26.77 and a 200-day moving average price of $23.05. The company has a debt-to-equity ratio of 2.07, a current ratio of 2.55 and a quick ratio of 0.82. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 24.65 and a beta of 0.43.
A number of large investors have recently bought and sold shares of RCII. Meeder Asset Management Inc. raised its holdings in shares of Rent-A-Center by 117.2% in the first quarter. Meeder Asset Management Inc. now owns 1,303 shares of the company’s stock worth $27,000 after buying an additional 703 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Rent-A-Center by 126.1% during the second quarter. Tower Research Capital LLC TRC now owns 1,689 shares of the company’s stock worth $45,000 after purchasing an additional 942 shares during the last quarter. C M Bidwell & Associates Ltd. purchased a new position in shares of Rent-A-Center during the second quarter worth $111,000. First Quadrant L P CA acquired a new stake in Rent-A-Center during the first quarter valued at $91,000. Finally, SG Americas Securities LLC acquired a new stake in Rent-A-Center during the second quarter valued at $136,000. 97.39% of the stock is owned by institutional investors.
In related news, EVP Catherine M. Skula sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $24.45, for a total transaction of $122,250.00. Following the completion of the sale, the executive vice president now owns 32,090 shares of the company’s stock, valued at $784,600.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.81% of the company’s stock.
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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