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

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


01 November 2017
China angered over U.S. duties on aluminum foil
The new tariff will affect the type of aluminium foil found in kitchens, packaging and automobiles. The statement will ratchet up tensions between the world's two largest economies ahead of U.S.

01 November 2017
Infosys Limited (INFY) Receiving Somewhat Positive Media Coverage, Study Shows
Oppenheimer Holdings, Inc. reissued a "hold" rating on shares of Infosys Limited in a report on Tuesday, October 24th. Turning to Infosys Limited (NYSE: INFY ), its shares were trading at $15 a retreat of $-0.01, on the trading floor.

01 November 2017
Daily direct flight to be offered between Little Rock and Washington DC
The flights will be operated on American's newest aircraft, the 76 seat, dual class configured EMB-175. American Airlines now operates nonstop service from Montgomery to Dallas, Texas and Charlotte, N.C.

01 November 2017
RMR Advisors LLC Grows Holdings in Omega Healthcare Investors, Inc. (OHI)
The real estate investment trust reported $0.80 EPS for the quarter, missing analysts' consensus estimates of $0.84 by $0.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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 51.9% during the second quarter.

01 November 2017
Keen Investors Taking a Look at Spirit AeroSystems Holdings, Inc. (NYSE:SPR)
Lowe's Companies, Inc. (NYSE:LOW) has risen 5.92% since October 29, 2016 and is uptrending. (NYSE:AAN) for 64,576 shares. Canada Pension Plan Investment Board boosted its holdings in Spirit Aerosystems Holdings by 449.6% in the 2nd quarter.

01 November 2017
Broadcom Limited (NASDAQ:AVGO) Vs. Industry Vs. Sector Growth Analysis
COPYRIGHT VIOLATION NOTICE: This report was originally reported by Week Herald and is the property of of Week Herald. Osborn Williams & Donohoe LLC increased its holdings in shares of Broadcom Limited by 23.2% in the third quarter.

01 November 2017
The Hocus Pocus remake does not have Bette Midler's support
The Disney Channel remake of Hocus Pocus will be penned by Scarlett Lacy and is now still in development. The new version of the movie will be written by Scarlett Lacey, and is now in pre-production.

01 November 2017
Parents being warned of potential fire risk of Halloween costumes
Lighting up your jack-o-lanterns or walkways: It is much safer to use battery-operated lights in your pumpkins than open flames. The Charlottesville Fire Department says twice as many kids are killed walking on Halloween than any other day of the year.

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.