Rent-A-Center Inc. (NASDAQ:RCII) – Equities research analysts at KeyCorp dropped their Q4 2016 earnings per share (EPS) estimates for shares of Rent-A-Center in a research report issued on Tuesday. KeyCorp analyst B. Thomas now forecasts that the brokerage will post earnings per share of $0.32 for the quarter, down from their prior estimate of $0.42.

Rent-A-Center (NASDAQ:RCII) last released its earnings results on Wednesday, July 27th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.08. The company had revenue of $749.60 million for the quarter, compared to the consensus estimate 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 revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 earnings per share.

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

Several other equities research analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “strong sell” rating in a research note on Thursday. Jefferies Group began coverage on shares of Rent-A-Center in a research note on Thursday. They set a “hold” rating and a $10.00 price objective for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $20.90.

Rent-A-Center (NASDAQ:RCII) opened at 8.96 on Wednesday. Rent-A-Center has a 12-month low of $8.00 and a 12-month high of $26.26. The firm’s market cap is $475.92 million. The stock’s 50 day moving average price is $12.27 and its 200-day moving average price is $12.97.

A number of hedge funds and other institutional investors have recently bought and sold shares of RCII. Vanguard Group Inc. increased its position in Rent-A-Center by 18.8% in the second quarter. Vanguard Group Inc. now owns 4,597,398 shares of the company’s stock worth $56,456,000 after buying an additional 726,627 shares in the last quarter. BlackRock Fund Advisors increased its position in Rent-A-Center by 3.1% in the second quarter. BlackRock Fund Advisors now owns 3,420,170 shares of the company’s stock worth $42,000,000 after buying an additional 101,674 shares in the last quarter. Brandes Investment Partners LP increased its position in Rent-A-Center by 1.4% in the second quarter. Brandes Investment Partners LP now owns 1,431,826 shares of the company’s stock worth $17,583,000 after buying an additional 19,745 shares in the last quarter. LSV Asset Management increased its position in Rent-A-Center by 1.8% in the second quarter. LSV Asset Management now owns 1,414,908 shares of the company’s stock worth $17,375,000 after buying an additional 24,400 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Rent-A-Center by 0.6% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,406,634 shares of the company’s stock worth $17,273,000 after buying an additional 8,385 shares in the last quarter. Institutional investors own 9.58% of the company’s stock.

In other Rent-A-Center news, CEO Robert Dale Davis bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The stock was bought at an average cost of $10.87 per share, for a total transaction of $108,700.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.40% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Monday, October 3rd will be given a dividend of $0.08 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.32 dividend on an annualized basis and a yield of 3.57%. Rent-A-Center’s dividend payout ratio is presently -1.93%.

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.

5 Day Chart for NASDAQ:RCII

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