The Rent-A-Center Inc. (RCII) to Post Q3 2016 Earnings of $0.12 Per Share, KeyCorp Forecasts

The Rent-A-Center Inc. (RCII) to Post Q3 2016 Earnings of $0.12 Per Share, KeyCorp Forecasts

Rent-A-Center Inc. (NASDAQ:RCII) – Analysts at KeyCorp dropped their Q3 2016 EPS estimates for shares of Rent-A-Center in a report issued on Tuesday. KeyCorp analyst B. Thomas now anticipates that the brokerage will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.39. KeyCorp also issued estimates for Rent-A-Center’s FY2016 earnings at $1.32 EPS and FY2017 earnings at $1.32 EPS.

Rent-A-Center (NASDAQ:RCII) last issued its quarterly earnings data 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. Rent-A-Center had a negative net margin of 27.93% and a positive return on equity of 14.03%. The company had revenue of $749.60 million for the quarter, compared to the consensus estimate of $782.12 million. During the same period in the previous year, the business earned $0.50 EPS. Rent-A-Center’s revenue for the quarter was down 8.1% compared to the same quarter last year.

Several other brokerages have also commented on RCII. Zacks Investment Research raised Rent-A-Center from a “sell” rating to a “hold” rating in a research note on Monday, October 3rd. Jefferies Group began coverage on Rent-A-Center in a research note on Thursday. They issued a “hold” rating and a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Rent-A-Center presently has a consensus rating of “Buy” and an average price target of $20.90.

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

The company 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 annualized dividend and a yield of 3.57%. The ex-dividend date of this dividend is Thursday, September 29th. Rent-A-Center’s dividend payout ratio (DPR) is -1.93%.

In other news, CEO Robert Dale Davis bought 10,000 shares of the stock in a transaction on Monday, August 1st. The shares were bought at an average price of $10.87 per share, with a total value of $108,700.00. Following the completion of the acquisition, the chief executive officer now owns 131,850 shares of the company’s stock, valued at $1,433,209.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.40% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Advisors LLC raised its stake in Rent-A-Center by 1.3% in the second quarter. BlackRock Advisors LLC now owns 25,246 shares of the company’s stock worth $310,000 after buying an additional 329 shares during the last quarter. Arizona State Retirement System raised its stake in Rent-A-Center by 1.5% in the second quarter. Arizona State Retirement System now owns 27,600 shares of the company’s stock worth $339,000 after buying an additional 400 shares during the last quarter. New Amsterdam Partners LLC NY raised its stake in Rent-A-Center by 0.8% in the second quarter. New Amsterdam Partners LLC NY now owns 87,279 shares of the company’s stock worth $1,072,000 after buying an additional 675 shares during the last quarter. Profund Advisors LLC raised its stake in Rent-A-Center by 6.1% in the second quarter. Profund Advisors LLC now owns 17,376 shares of the company’s stock worth $213,000 after buying an additional 998 shares during the last quarter. Finally, Wedge Capital Management L L P NC raised its stake in Rent-A-Center by 7.0% in the second quarter. Wedge Capital Management L L P NC now owns 17,922 shares of the company’s stock worth $220,000 after buying an additional 1,167 shares during the last quarter. 9.58% of the stock is currently owned by institutional investors.

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