Media coverage about Rent-A-Center (NASDAQ:RCII) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rent-A-Center earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 46.3270389066045 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Rent-A-Center, Inc. : Announces Third Quarter 2017 Earnings Call and Webcast (4-traders.com)
- Rent-A-Center, Inc. Announces Third Quarter 2017 Earnings Call and Webcast (finance.yahoo.com)
- Rent-A-Center Inc. (RCII) Set to Announce Quarterly Earnings on Tuesday (americanbankingnews.com)
- $654.76 Million in Sales Expected for Rent-A-Center Inc. (RCII) This Quarter (americanbankingnews.com)
Rent-A-Center (NASDAQ RCII) traded up 1.84% during midday trading on Wednesday, hitting $10.53. 904,353 shares of the stock were exchanged. Rent-A-Center has a 1-year low of $7.76 and a 1-year high of $13.89. The company’s 50 day moving average is $11.72 and its 200 day moving average is $11.75. The company’s market capitalization is $561.26 million.
Rent-A-Center (NASDAQ:RCII) last posted its quarterly earnings data on Wednesday, July 26th. The company reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.08). The company had revenue of $667.64 million during the quarter, compared to the consensus estimate of $667.04 million. Rent-A-Center had a positive return on equity of 3.87% and a negative net margin of 5.57%. The firm’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the company posted $0.41 earnings per share. Analysts predict that Rent-A-Center will post $0.07 earnings per share for the current fiscal year.
Several equities analysts have commented on RCII shares. Loop Capital reissued a “sell” rating and issued a $8.00 target price on shares of Rent-A-Center in a report on Tuesday, July 18th. Jefferies Group LLC reissued a “hold” rating and issued a $12.00 target price on shares of Rent-A-Center in a report on Thursday, September 7th. BidaskClub raised shares of Rent-A-Center from a “hold” rating to a “buy” rating in a report on Sunday, July 16th. Stifel Nicolaus reissued a “hold” rating and issued a $13.00 target price (up from $11.50) on shares of Rent-A-Center in a report on Friday, July 28th. Finally, Zacks Investment Research downgraded shares of Rent-A-Center from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $11.71.
Rent-A-Center, Inc is a rent-to-own operator in North America. The Company provides an opportunity to obtain ownership of products, such as consumer electronics, appliances, computers (including tablets), smartphones and furniture (including accessories), under rental purchase agreements. The Company operates in four segments: Core U.S., Acceptance Now, Mexico, and Franchising.
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