Press coverage about Rent-A-Center (NASDAQ:RCII) has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Rent-A-Center earned a coverage optimism score of 0.25 on Accern’s scale. Accern also gave press coverage about the company an impact score of 90 out of 100, meaning that recent news coverage is very likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Rent A Center Incorporated (NASDAQ:RCII) Has Decline in Shorts (thewestcoastsportsblog.com)
- Rent-A-Center Inc (RCII) Needle Moving -0.96% – Evergreen Caller (evergreencaller.com)
- Rent-A-Center, Inc. breached its 50 day moving average in a Bearish Manner : RCII-US : June 21, 2017 (finance.yahoo.com)
- Rent-A-Center Inc. (RCII) Given Consensus Recommendation of “Hold” by Analysts (americanbankingnews.com)
A number of research firms have commented on RCII. Loop Capital downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating and set a $8.00 price objective for the company. in a report on Wednesday, June 7th. Jefferies Group LLC decreased their price objective on shares of Rent-A-Center from $12.00 to $9.00 and set a “hold” rating for the company in a report on Wednesday, May 3rd. Stifel Nicolaus reaffirmed a “hold” rating and issued a $11.50 price objective on shares of Rent-A-Center in a report on Sunday, April 23rd. Raymond James Financial, Inc. raised shares of Rent-A-Center from a “market perform” rating to a “strong-buy” rating and set a $15.00 price objective for the company in a report on Wednesday, April 12th. Finally, Stephens set a $9.00 price objective on shares of Rent-A-Center and gave the stock a “sell” rating in a report on Thursday, April 6th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.75.
Rent-A-Center (NASDAQ:RCII) traded up 1.92% during trading on Tuesday, reaching $11.70. 164,109 shares of the company’s stock were exchanged. The company’s market capitalization is $622.39 million. Rent-A-Center has a 52-week low of $7.76 and a 52-week high of $13.73. The stock’s 50-day moving average price is $11.80 and its 200-day moving average price is $10.34.
Rent-A-Center (NASDAQ:RCII) last issued its earnings results on Monday, May 1st. The company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.06. The business had revenue of $742 million during the quarter, compared to analyst estimates of $733.43 million. Rent-A-Center had a negative return on equity of 30.44% and a negative net margin of 4.77%. Rent-A-Center’s revenue was down 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. Equities analysts expect that Rent-A-Center will post $0.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Monday, July 3rd will be paid a $0.08 dividend. The ex-dividend date is Thursday, June 29th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 2.79%.
In related news, Director Steven L. Pepper purchased 45,000 shares of the stock in a transaction on Tuesday, May 23rd. The shares were purchased at an average cost of $10.93 per share, for a total transaction of $491,850.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mark E. Speese purchased 100,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was bought at an average price of $11.70 per share, for a total transaction of $1,170,000.00. Following the completion of the transaction, the chairman now directly owns 844,627 shares of the company’s stock, valued at $9,882,135.90. The disclosure for this purchase can be found here. Corporate insiders own 3.40% of the company’s stock.
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.
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