Rent-A-Center Inc. (NASDAQ:RCII) updated its third quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.05-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.39.

Separately, Zacks Investment Research raised Rent-A-Center from a sell rating to a hold rating in a research report on Monday, October 3rd. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Rent-A-Center presently has a consensus rating of Buy and an average target price of $22.72.

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

Rent-A-Center Inc. (NASDAQ:RCII) opened at 12.88 on Tuesday. The stock’s 50 day moving average price is $12.60 and its 200-day moving average price is $13.05. Rent-A-Center Inc. has a one year low of $9.76 and a one year high of $26.26. The firm’s market capitalization is $684.13 million.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Wednesday, July 27th. The company reported $0.41 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.08. The business earned $749.60 million during the quarter, compared to analyst estimates of $782.12 million. Rent-A-Center had a negative net margin of 27.93% and a positive return on equity of 14.03%. The business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. On average, equities research analysts anticipate that Rent-A-Center Inc. will post $1.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Monday, October 3rd will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Thursday, September 29th. Rent-A-Center’s dividend payout ratio (DPR) is currently -1.93%.

In other Rent-A-Center news, CEO Robert Dale Davis bought 10,000 shares of the stock in a transaction on Monday, August 1st. The shares were purchased at an average price of $10.87 per share, with a total value of $108,700.00. Following the acquisition, the chief executive officer now directly owns 131,850 shares of the company’s stock, valued at approximately $1,433,209.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.40% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. KCG Holdings Inc. purchased a new stake in shares of Rent-A-Center during the second quarter valued at $125,000. Mackenzie Financial Corp purchased a new stake in shares of Rent-A-Center during the second quarter valued at $132,000. Panagora Asset Management Inc. purchased a new stake in shares of Rent-A-Center during the second quarter valued at $150,000. AXA purchased a new stake in shares of Rent-A-Center during the second quarter valued at $154,000. Finally, Clinton Group Inc. purchased a new stake in shares of Rent-A-Center during the second quarter valued at $199,000. 9.58% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:RCII

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