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

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last year. There are currently 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RCII shares.
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6 brokerages have issued 1 year price objectives for Rent-A-Center's shares. Their RCII share price forecasts range from $30.00 to $42.00. On average, they expect the company's share price to reach $34.50 in the next twelve months.
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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) issued its quarterly earnings data on Thursday, February, 23rd. The company reported $0.86 earnings per share for the quarter, topping 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 firm's revenue was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.08 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 dividend yield of ∞. The ex-dividend date of this dividend 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), Invesco S&P SmallCap Consumer Discretionary ETF (PSCD), Hartford Multifactor Small Cap ETF (ROSC), Small Cap US Equity Select ETF (RNSC), Invesco Dynamic Market ETF (PWC), Fidelity Small-Mid Cap Opportunities ETF (FSMO), SPDR S&P 600 Small CapValue ETF (SLYV) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

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 updated its FY 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share (EPS) guidance of $2.50-$3.00 for the period, compared to the consensus 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.