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

4 Wall Street 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 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RCII shares.
View RCII analyst ratings or view top-rated stocks.

4 brokerages have issued 12-month price objectives for Rent-A-Center's stock. Their RCII share price forecasts range from $28.00 to $42.00. On average, they anticipate the company's stock price to reach $33.50 in the next twelve months. This suggests a possible upside of 48.2% 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 $48.04 on January 1st, 2022. Since then, RCII stock has decreased by 52.9% and is now trading at $22.61.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our RCII earnings forecast.

Rent-A-Center, Inc. (NASDAQ:RCII) released its quarterly earnings data on Thursday, November, 3rd. The company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.89 by $0.05. The firm earned $1,000 million during the quarter, compared to the consensus estimate of $1.01 billion. Rent-A-Center had a net margin of 0.44% and a trailing twelve-month return on equity of 44.72%. Rent-A-Center's quarterly revenue was down 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.52 EPS.

Rent-A-Center declared a quarterly dividend on Wednesday, September 21st. Stockholders of record on Tuesday, October 4th will be paid a dividend of $0.34 per share on Tuesday, October 25th. This represents a $1.36 annualized dividend and a dividend yield of 6.02%. The ex-dividend date of this dividend is Monday, October 3rd.
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 6.09%. 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 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 38.10% 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 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 earnings per share 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 many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (14.58%), Vanguard Group Inc. (10.72%), Engaged Capital LLC (4.61%), State Street Corp (3.79%), Ieq Capital LLC (3.36%) and Dimensional Fund Advisors LP (2.22%). 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 $22.61.

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.26 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.