|Bid||21.27 x 800|
|Ask||21.45 x 2200|
|Day's Range||21.01 - 21.62|
|52 Week Range||8.93 - 22.77|
|Beta (3Y Monthly)||0.17|
|PE Ratio (TTM)||134.40|
|Earnings Date||Apr 29, 2019 - May 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.67|
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.
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A Delaware state court has ruled that Rent-A-Center Inc. had the right to end its $1.36 billion merger deal with private equity firm Vintage Capital Management, but didn’t rule on whether the firm and Woodland Hills, California-based B. Riley Financial Inc. may need to pay a reverse breakup fee of $126.5 million.
Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday. Vice Chancellor Sam Glasscock III of the Delaware Chancery Court said that Vintage's failure to inform Rent-A-Center that it was extending the merger deal by an agreed-upon date triggered Rent-A-Center's right to call it off under the two parties' contract. Rent-A-Center is a "rent-to-own" business, allowing customers to rent furniture, electronics and other goods with the option of eventually purchasing them.
Rent-A-Center, Inc. (RCII) (“Rent-A-Center” or the “Company”), a leader in the rent-to-own industry, today announced that following trial, the Court of Chancery of the State of Delaware (the “Court of Chancery”) has ruled that Rent-A-Center validly terminated the Agreement and Plan of Merger (the “Merger Agreement”), dated June 17, 2018, by and among the Company and certain affiliates of Vintage Capital Management, LLC (collectively, “Vintage Capital”).