Rent-A-Center - RCII Stock Forecast, Price & News

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last twelve months. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCII shares.
View RCII analyst ratings or view top-rated stocks.

5 equities research analysts have issued 12 month price objectives for Rent-A-Center's shares. Their RCII share price forecasts range from $28.00 to $42.00. On average, they predict the company's share price to reach $34.80 in the next year. This suggests a possible upside of 17.1% from the stock's current price.
View analysts price targets for RCII or view top-rated stocks among Wall Street analysts.

Rent-A-Center's stock was trading at $22.55 on January 1st, 2023. Since then, RCII stock has increased by 31.8% and is now trading at $29.71.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RCII earnings forecast.

Rent-A-Center will be holding an earnings conference call on Thursday, February 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Rent-A-Center, Inc. (NASDAQ:RCII) posted its quarterly earnings data on Tuesday, November, 2nd. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.47 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. Rent-A-Center had a net margin of 0.44% and a trailing twelve-month return on equity of 44.72%. During the same period in the prior year, the company earned $1.04 EPS.

Rent-A-Center declared a quarterly dividend on Wednesday, December 7th. Investors of record on Tuesday, December 20th will be paid a dividend of $0.34 per share on Tuesday, January 10th. This represents a $1.36 annualized dividend and a yield of 4.58%. The ex-dividend date is Monday, December 19th.
Read our dividend analysis for RCII.

Rent-A-Center (NASDAQ:RCII) pays an annual dividend of $1.36 per share and currently has a dividend yield of 4.53%. RCII has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 453.33%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RCII will have a dividend payout ratio of 40.48% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCII.

Rent-A-Center issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided EPS guidance of $0.65-$0.85 for the period, compared to the consensus EPS estimate of $0.96. The company issued revenue guidance of $975.00M-$1.02 billion, compared to the consensus revenue estimate of $1.04 billion.

189 employees have rated Rent-A-Center Chief Executive Officer Mitch Fadel on Glassdoor.com. Mitch Fadel has an approval rating of 53% among the company's employees. This puts Mitch Fadel in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Rent-A-Center investors own include NVIDIA (NVDA), Aaron's (AAN), Advanced Micro Devices (AMD), Enterprise Products Partners (EPD), Intel (INTC), Micron Technology (MU), PayPal (PYPL), AT&T (T), Activision Blizzard (ATVI) and McDonald's (MCD).

Rent-A-Center trades on the NASDAQ under the ticker symbol "RCII."

Rent-A-Center's stock is owned by a variety of retail and institutional investors. Top institutional investors include Carolina Wealth Advisors LLC (0.33%), Fisher Asset Management LLC (0.26%), New York State Teachers Retirement System (0.15%), Secure Asset Management LLC (0.12%), Kendall Capital Management (0.09%) and New York State Common Retirement Fund (0.07%). Insiders that own company stock include Ann L Davids, Anthony J Blasquez, Anthony J Blasquez, Catherine M Skula, Christopher B Hetrick, Jeffrey J Brown, Maureen B Short, Mitchell E Fadel and Mitchell E Fadel.
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Shares of RCII stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RCII stock can currently be purchased for approximately $29.71.

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.65 billion and generates $4.58 billion in revenue each year. The company earns $134.94 million in net income (profit) each year or $0.30 on an earnings per share basis.

The company employs 14,290 workers across the globe.

Rent-A-Center's mailing address is 5501 HEADQUARTERS DRIVE, PLANO TX, 75024. The official website for the company is www.rentacenter.com. The company can be reached via phone at (972) 801-1100, via email at maureen.short@rentacenter.com, or via fax at 972-943-0113.