Speculative Downside Options Positioning in Rent-A-Center (RCII) Amid Reports of Management Exploring Strategic Options Including Potential Sale -Susquehanna
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Rent-A-Center (RCII) PT Lowered to $11 at Jefferies Following 3Q; Reiterates Hold
November 1, 2017 8:11 AM EDTJefferies lowered its price target on Rent-A-Center (NASDAQ: RCII) to $11.00 (from $12.00) while maintaining a Hold rating following the company's 3Q earnings report. While RCII's 3Q17 revenues were consistent with forecasts, margin compression/ higher ANOW expenses drove an adjusted EPS miss in the... More
Rent-A-Center (RCII) Misses Q3 EPS by 13c
October 30, 2017 5:32 PM EDTRent-A-Center (NASDAQ: RCII) reported Q3 EPS of ($0.15), $0.13 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $643.97 million versus the consensus estimate of $646.59 million.
For earnings history and earnings-related data on Rent-A-Center (RCII) click here.
... MoreRent-A-Center (RCII) to Explore Strategic and Financial Alternatives; Chairman Resigns
October 30, 2017 5:30 PM EDTRent-A-Center, Inc. (NASDAQ: RCII) today announced that its Board of Directors has initiated a process to explore strategic and financial alternatives. The Rent-A-Center Board, in consultation with its financial and legal advisors, will carefully review and consider a full range of options focused on maximizing stockholder value.
The Company issued the following statement:
Rent-A-Center remains committed to taking actions that are in the best interests of the Company and... More
