Economy

Rent-A-Center to explore options as chairman resigns

Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands. Six analysts surveyed by Zacks expected $652 million. Rent-A-Center had a negative net margin of 5.57% and a positive return on equity of 3.87%.

While considering growth estimates of the company, it has next quarter growth estimates of 134.8% whereas during current quarter it has -118.2% estimations over growth, comparing to the estimations of -87% during current year and 610% for next year.

They expect $-0.08 EPS, down 237.5% or $0.19 from last year's $0.11 per share.

Shares of Rent-A-Center (NASDAQ RCII) traded up 5.78% on Monday, reaching $10.07.

Rent-A-Center Inc (NASDAQ:RCII) 52-week high price stands at $13.89 and low price stands at $7.76, its price distance from 52-week high is -27.5% while its distance from 52-week low price is 29.77%. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of worldwide trademark & copyright laws. The original version of this story can be accessed at https://www.dispatchtribunal.com/2017/10/31/rent-a-center-inc-rcii-releases-earnings-results-misses-expectations-by-0-13-eps.html.

Raymond James Financial, Inc. reissued their market perform rating on shares of Rent-A-Center Inc.

Also on Monday, Rent-A-Center reported third-quarter loss of $12.6 million, or 24 cents a share, on revenue of $639.3 million versus a profit of $6.2 million, or 12 cents a share, on revenue of $688.7 million a year ago.

Current levels places Rent-A-Center, Inc.

Engaged Capital LLC, which owns 20.5 percent of Rent-A-Center and has been pushing the board to sell the company, commended the board for "initiating a long overdue" action. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company's stock. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.17.

We applaud the Rent-A-Center directors who have finally realized that evaluating strategic alternatives is the best path forward to maximizing value for all stockholders and expect that the Board will run an objective, expedient and successful process. 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.



Like this

loading...
loading...

Latest


01 November 2017
The Avis Budget Group Inc. (CAR) Director Sold $27140.36 in Stock
United Automobile Association invested 0.02% of its portfolio in Simpson Manufacturing Co, Inc. (NYSEAMERICAN:ESP) for 800 shares. Moreover, Comerica Comml Bank has 0.03% invested in Simpson Manufacturing Co, Inc. 31,006 are owned by Jefferies Group Ltd Llc.

01 November 2017
Chicago Bridge & Iron Company NV (CBI) Sees Significant Decrease in Short Interest
Consequently Chicago Bridge & Iron Company N.V. (NYSE: CBI)'s weekly and monthly volatility is 4.78%, 4.12% respectively. Finally, BlackRock Inc. lifted its holdings in Chicago Bridge & Iron Company N.V.by 51.9% during the second quarter.

01 November 2017
Giants sign defensive end Devin Taylor, place Nordly Capi on IR
Giants defensive end Devin Taylor following a preseason game against the Jets at MetLife Stadium on August 26, 2017. Capi had been signed to the Giants' practice squad on September 4 and then to their 53-man roster on September 28.

01 November 2017
The Standpoint Research Reiterates "Hold" Rating for United Continental Holdings Inc. (UAL)
Renaissance Technologies LLC purchased a new position in United Continental Holdings in the 1st quarter worth about $19,240,000. The market capitalization (Stock Price Multiply by Total Number of Outstanding Shares) for the company is reported at $17.70B.

01 November 2017
USDA nominee Clovis was Trump adviser who encouraged Russian Federation meeting
According to court documents , Papadopoulos was encouraged by a campaign supervisor to seek out a Russian Federation meeting. Clovis' lawyer said he was just "being polite" at the time and described Clovis as "a polite gentleman from Iowa ".

01 November 2017
Korea Investment Corp Marginally Increases Its Position in Cummins Inc. (CMI)
Deutsche Bank maintained the shares of CMI in report on Wednesday, October 28 with "Hold" rating. $259,878 worth of Cummins Inc . The value of the investment in ( CMI ) increased from $27,362,000 to $28,662,000 a change of $1,300,000 quarter to quarter.

01 November 2017
Revenue Approximations Analysis: Baxter International Inc. (BAX), Kimberly-Clark Corporation (KMB)
Essex Inc invested 0.05% in Dreyfus Strategic Municipal Bond Fund (NYSE:DSM). 3,506 are held by Timber Hill Lc. There are 1,378 institutional holders with active positions, accounting for 254.01 million shares in total.

01 November 2017
Skyworks Solutions, Inc. (NASDAQ:SWKS) Undervalued by 5.7%
Hanseatic Management Services Inc decreased Waste Connections Inc stake by 6,301 shares to 17,336 valued at $1.12M in 2017Q2. The ability for Skyworks Solutions, Inc .to pay these debts is as follows; current ratio is 8 and quick ratio comes to 6.4.

01 November 2017
Conor McGregor apologises for using gay slur at UFC Gdasnk
However, speaking to Entertainment.ie on Tuesday, the 29-year-old suggested that Tony Ferguson is now the clear standout option. McGregor said: "I feel to legitimise the belt... there's an interim champion, I'm the unified champion, I feel that'll be next.

01 November 2017
Airbus works with United States authorities over inaccuracies in its arms trafficking filings
In a statement the group said that it was "too early to determine the likelihood or extent of any such possible consequence". The company said it had reported itself to US authorities about errors made on equipment exports.