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.
View RCII analyst ratings or view top-rated stocks.

4 equities research analysts have issued twelve-month target prices for Rent-A-Center's stock. Their RCII share price forecasts range from $28.00 to $42.00. On average, they predict the company's share price to reach $34.25 in the next year. This suggests a possible upside of 69.4% 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 at the beginning of 2022. Since then, RCII shares have decreased by 57.9% and is now trading at $20.22.
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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) posted its earnings results on Wednesday, August, 3rd. The company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.00 by $0.15. The business earned $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. Rent-A-Center had a trailing twelve-month return on equity of 46.90% and a net margin of 1.02%. During the same period in the prior year, the firm earned $1.63 EPS.

Rent-A-Center announced a quarterly dividend on Wednesday, September 21st. Shareholders 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 yield of 6.73%. 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 6.77%. 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 31.78% 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 third quarter 2022 earnings guidance on Monday, October, 3rd. The company provided earnings per share (EPS) guidance of $0.85-$0.95 for the period, compared to the consensus estimate of $1.14. The company issued revenue guidance of $1.00 billion-$1.02 billion, compared to the consensus revenue estimate of $1.03 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."

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 $20.22.

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.20 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'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.