8.35 0.00 (0.00%)
After hours: 4:39PM EDT
|Bid||8.22 x 200|
|Ask||9.95 x 200|
|Day's Range||8.31 - 8.51|
|52 Week Range||7.22 - 13.89|
|PE Ratio (TTM)||69.58|
|Earnings Date||Apr 30, 2018 - May 4, 2018|
|Forward Dividend & Yield||0.32 (3.65%)|
|1y Target Est||10.29|
Rent-A-Center Inc., under pressure to improve performance and possibly sell itself, intends to cut about 250 jobs as part of a cost-cutting program that targets at least $65 million in annualized savings, ...
Rent-A-Center's (RCII) major shareholder, Engaged Capital, and activist investor, Marcato Capital, compels management to look for strategic alternatives.
Shares of Rent-A-Center Inc. skyrocketed in after-hours trading as the Plano company announced cost savings from extensive layoffs among its corporate staff. Rent-A-Center (RCII) said Wednesday that it will reduce its corporate headcount by 250 positions, or 25 percent. Including general and administrative expenses, the layoffs are expected to produce roughly $28 million in annual run-rate cost savings, with about $20 million saved in 2018.
Rent-A-Center Inc is in active talks with multiple parties for a possible buyout, the rent-to-own furniture retailer said on Wednesday, while also announcing 250 layoffs at its Plano, Texas headquarters. Rent-A-Center, which has been under pressure from its largest shareholder Engaged Capital to sell itself, has previously rejected buyout offers. Another activist investor, Marcato Capital, has also pushed the company to sell itself.
Rent-A-Center Inc. said late Wednesday it is laying off about 25% of its corporate workforce in Plano, Texas, to "better align" the company's structure with its operations under a plan to save ...
Rent-A-Center Inc said on Wednesday it will cut about 250 jobs, or about 25 percent of its workforce in Plano, Texas, as part of its plan to reduce costs. The job cuts along with other cost-cutting activities ...
Rent-A-Center, Inc. today announced a significant reduction in headcount and provided a number of business updates pertaining to its recently announced strategic plan and its Board of Directors’ ongoing review of strategic and financial alternatives.
NEW YORK, March 07, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Rent-A-Center Inc (NASDAQ:RCII) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017.
Rent-A-Center Inc. disclosed Wednesday that Chief Operating Officer Joel Mussat resigned, which the household goods leasing company said was a "termination without "cause," effective Feb. ...
Rent-A-Center (RCII) continued with its dismal performance in the final quarter of 2017 as well, wherein both the top and bottom line fell short of expectations.
NEW YORK, NY / ACCESSWIRE / February 21, 2018 / Rent-A-Center Inc (NASDAQ: RCII ) will be discussing their earnings results in their Q4 Earnings Call to be held on February 21, 2018, at 8:30 AM Eastern ...
On a per-share basis, the Plano, Texas-based company said it had net income of 65 cents. Losses, adjusted for pretax gains, came to 41 cents per share. The results did not meet Wall Street expectations. ...
Although Marcato Capital is a relatively new hedge fund, having been established in 2010, it has risen to prominence in the world of activist investment. Before starting the fund, Richard McGuire worked as a partner at Bill Ackman’s Pershing Square, some saying that McGuire is Ackman’s protégé. Marcato Capital is mostly an activist fund, holding […]
Rent-A-Center's (RCII) top- and bottom-line performance is a major concern for investors. The metrics have been declining year over year since the past seven quarters.
Rent-A-Center Inc, which has been under pressure to sell itself, said on Monday it would nominate to its board an independent director recommended by its largest shareholder and activist investor, Engaged Capital. The rent-to-own furniture retailer's said Engaged Capital's nominee would replace current Director Rishi Garg and that it may expand the size of the board to seven from six following its 2018 annual meeting. Engaged Capital, which owns nearly 17 percent of Rent-A-Center, has argued that an overhaul of the retailer could be best achieved in the hands of private owners, pushing the company to sell itself.
Rent-A-Center, Inc. , a leader in the rent-to-own industry, today announced that it has entered into a cooperation agreement with Engaged Capital, LLC .
Rent-A-Center, Inc. today announced it will host a conference call on Wednesday, February 21st, 8:30 a.m. ET to discuss fourth quarter results slated for release following the market’s close on February 20th.