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

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last twelve months. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCII shares.
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6 brokers have issued twelve-month target prices for Rent-A-Center's stock. Their RCII share price forecasts range from $30.00 to $42.00. On average, they predict the company's share price to reach $34.50 in the next year.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Rent-A-Center, Inc. (NASDAQ:RCII) released its quarterly earnings results on Thursday, February, 23rd. The company reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.11. The firm had revenue of $990.50 million for the quarter, compared to the consensus estimate of $990.45 million. Rent-A-Center had a trailing twelve-month return on equity of 40.50% and a net margin of 0.29%. The business's revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.08 EPS.

Rent-A-Center announced a quarterly dividend on Wednesday, December 7th. Stockholders of record on Tuesday, December 20th will be given a dividend of $0.34 per share on Tuesday, January 10th. This represents a $1.36 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Monday, December 19th.
Read our dividend analysis for RCII.

ETFs with the largest weight of Rent-A-Center (NASDAQ:RCII) stock in their portfolio include ETC 6 Meridian Small Cap Equity ETF (SIXS), Roundhill Acquirers Deep Value ETF (DEEP), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Hartford Multifactor Small Cap ETF (ROSC), VictoryShares US Small Cap High Div Volatility Wtd ETF (CSB), Small Cap US Equity Select ETF (RNSC) and Invesco Dynamic Market ETF (PWC).

Rent-A-Center (NASDAQ:RCII) pays an annual dividend of $1.36 per share and currently has a dividend yield of 5.08%. RCII has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 680.00%. 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 39.53% 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 FY 2023 earnings guidance on Thursday, February, 23rd. The company provided EPS guidance of $2.50-$3.00 for the period, compared to the consensus EPS estimate of $3.13. The company issued revenue guidance of $3.80 billion-$4.00 billion, compared to the consensus revenue estimate of $4.00 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 Engaged Capital LLC (6.47%), Dimensional Fund Advisors LP (2.61%), Geode Capital Management LLC (1.73%), LSV Asset Management (1.69%), Charles Schwab Investment Management Inc. (1.34%) and Fuller & Thaler Asset Management Inc. (0.93%). 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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Rent-A-Center (NASDAQ:RCII) has a market capitalization of $0.00 and generates $4.25 billion in revenue each year. The company earns $12.36 million in net income (profit) each year or $0.20 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.