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 year. 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 12-month target prices for Rent-A-Center's shares. Their RCII share price forecasts range from $28.00 to $42.00. On average, they expect the company's share price to reach $34.00 in the next year. This suggests a possible upside of 18.9% from the stock's current price.
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Rent-A-Center's stock was trading at $22.55 at the start of the year. Since then, RCII shares have increased by 26.8% and is now trading at $28.60.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our RCII earnings forecast.

Rent-A-Center will be holding an earnings conference call on Thursday, February 23rd at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Rent-A-Center, Inc. (NASDAQ:RCII) issued its earnings results on Tuesday, November, 2nd. The company reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.05. The business earned $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. Rent-A-Center had a trailing twelve-month return on equity of 44.72% and a net margin of 0.44%. During the same period last year, the company posted $1.04 EPS.

Rent-A-Center declared a quarterly dividend on Wednesday, December 7th. Shareholders 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 dividend yield of 4.76%. The ex-dividend date is Monday, December 19th.
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 4.66%. RCII has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 40.72% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RCII.

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 number of institutional and retail investors. Top institutional shareholders include LSV Asset Management (1.69%), Boundary Creek Advisors LP (0.00%), Carolina Wealth Advisors LLC (0.33%), Fisher Asset Management LLC (0.26%), Swiss National Bank (0.24%) and UBS Group AG (0.21%). 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 $28.60.

Rent-A-Center (NASDAQ:RCII) has a market capitalization of $1.59 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.