25.00 +0.64 (2.63%)
After hours: 7:30PM EDT
|Bid||24.40 x 4000|
|Ask||24.35 x 2200|
|Day's Range||23.33 - 24.50|
|52 Week Range||8.93 - 24.50|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||153.21|
|Earnings Date||May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.67|
Rent-A-Center (RCII) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Zacks.com featured expert Kevin Matras highlights: Rent-A-Center, North American Construction, Rosetta Stone, lululemon athletic and HDFC Bank
Rent-A-Center, Inc. today announced it will host a conference call on Tuesday, May 7th, 8:30 a.m. ET to discuss first quarter results slated for release following the market’s close on May 6th.
The case for turning incrementally bullish on Rent-A-Center Inc (NASDAQ: RCII ) is "unmistakably clear" after management spent the past few years improving the business, according to Raymond ...
Shares of Rent-A-Center Inc. shot up 4.8% in premarket trade Monday, after the rent-to-own company said it will receive $92.5 million in cash after settling all litigation with Vintage Capital Management LLC and B. Riley Financial Inc. related to the company's termination of its merger deal with Vintage. The company expects proceeds of $80 million from the settlement after payment of costs and fees. Separately, Raymond James analyst Budd Bugatch raised his rating to strong buy from outperform, which makes him the only analyst of the 8 surveyed by FactSet to have a bullish rating. "It is unmistakably clear--reinforced by our recent efforts--that the financial performance and strength of Rent-A-Center (RAC) has improved significantly from the depths of the past few years and continues to improve," Bugatch wrote in a note to clients. He's also upbeat on the recent court decision to validate the termination of the merger deal and that fact that management is working to restructure and refinance its high-cost debt by mid-2019. The stock is on track to open at the highest closing level seen since October 2015. It has more than doubled the past year (up 122%) while the S&P 500 has gained 8.8%.
Rent-A-Center, Inc. (RCII) (“Rent-A-Center” or the “Company”), a leader in the rent-to-own industry, today announced that it had agreed in principle to settle all litigation with Vintage Capital Management, LLC (“Vintage Capital”) and B. Riley Financial, Inc. relating to the Company’s termination of the Agreement and Plan of Merger (the “Merger Agreement”), dated June 17, 2018, by and among the Company and certain affiliates of Vintage Capital. In the settlement, Rent-A-Center will receive a payment of $92,500,000 in cash.
CEO Jeffrey Smith announced a new position in Kar Auction Services, calling the company a “tremendous opportunity” that had an “incredibly compelling” valuation. Smith said Kar Auction is moving ahead with a spin-off of its salvage business, which he expects will serve a near-term catalyst for the stock, and that he saw value both in the spinoff and the former parent. Separately, Smith said that Cerner Corp. shares were “still cheap” despite a recent rally that’s taken shares of the health-care data company up more than 10 percent, an advance that came after the company reached a deal with Starboard over board seats.
Rent-A-Center (RCII) gains from growth in Acceptance Now and Core U.S. segments. Further, the company is on track with cost-saving initiatives.
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In the latest trading session, Rent-A-Center (RCII) closed at $21.08, marking a +1.3% move from the previous day.
Rent-A-Center (RCII) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The yield inversion was primarily owing to apprehensions of a global economic slowdown, which will certainly affect the U.S. economy, especially exports.