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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Rent-A-Center in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" RCII shares.
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4 Wall Street analysts have issued twelve-month price objectives for Rent-A-Center's shares. Their RCII share price forecasts range from $40.00 to $85.00. On average, they predict the company's stock price to reach $52.00 in the next year. This suggests a possible upside of 69.2% from the stock's current price.
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Rent-A-Center's stock was trading at $48.04 at the beginning of 2022. Since then, RCII shares have decreased by 36.0% and is now trading at $30.74.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our RCII earnings forecast.

Rent-A-Center, Inc. (NASDAQ:RCII) announced its quarterly earnings results on Wednesday, August, 3rd. The company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.13. Rent-A-Center had a net margin of 1.02% and a trailing twelve-month return on equity of 46.90%. During the same period last year, the firm earned $1.63 EPS.

Rent-A-Center announced a quarterly dividend on Wednesday, June 8th. Investors of record on Tuesday, June 21st will be given a dividend of $0.34 per share on Tuesday, July 12th. This represents a $1.36 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Friday, June 17th.
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 4.42%. RCII has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 191.55%. 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 28.39% 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 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) guidance of $4.00-$4.50 for the period, compared to the consensus EPS estimate of $4.60. The company issued revenue guidance of $4.26 billion-$4.38 billion, compared to the consensus revenue estimate of $4.48 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 FMR LLC (13.27%), Ieq Capital LLC (3.48%), Northern Trust Corp (0.97%), Kennedy Capital Management Inc. (0.60%), Loomis Sayles & Co. L P (0.60%) and Principal Financial Group Inc. (0.57%). Insiders that own company stock include Ann L Davids, Anthony J Blasquez, Anthony J Blasquez, Catherine M Skula, 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 $30.74.

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.82 billion and generates $4.58 billion in revenue each year. The company earns $134.94 million in net income (profit) each year or $0.71 on an earnings per share basis.

The company employs 14,290 workers across the globe.

Rent-A-Center was founded in 1986.

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.