Last €22.33 EUR
Change Today +0.016 / 0.07%
Volume 0.0
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As of 2:00 AM 09/17/14 All times are local (Market data is delayed by at least 15 minutes).

rent-a-center inc (RAC) Snapshot

Open
€22.33
Previous Close
€22.31
Day High
€22.33
Day Low
€22.33
52 Week High
09/18/13 - €28.40
52 Week Low
02/25/14 - €17.36
Market Cap
1.2B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
52.9M
EX-Date
09/30/14
P/E TM
--
Dividend
€0.92
Dividend Yield
2.94%
Current Stock Chart for RENT-A-CENTER INC (RAC)

rent-a-center inc (RAC) Related Businessweek News

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rent-a-center inc (RAC) Details

Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a rent-to-own basis. The company operates in four segments: Core U.S., Acceptance Now, International, and Franchising. It offers durable products, such as consumer electronics, appliances, computers, furniture, and accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and offers the rent-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks within retailer’s locations. It operates retail installment sales stores under the Get It Now and Home Choice names; and rent-to-own and franchised rent-to-own stores under the Rent-A-Centre names. As of July 21, 2014, the company owned and operated approximately 3,025 stores in the United States, Mexico, Canada, and Puerto Rico; and approximately 1,360 Acceptance Now kiosk locations in the United States and Puerto Rico, as well as franchised approximately 180 rent-to-own stores under the Rent-A-Center, ColorTyme, and RimTyme trade names. Rent-A-Center, Inc. was founded in 1986 and is headquartered in Plano, Texas.

22,200 Employees
Last Reported Date: 03/3/14
Founded in 1986

rent-a-center inc (RAC) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $469.0K
President and Chief Operating Officer
Total Annual Compensation: $623.4K
Co-Founder, Chairman and Member of Finance Co...
Total Annual Compensation: $983.3K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $393.8K
Compensation as of Fiscal Year 2013.

rent-a-center inc (RAC) Key Developments

Rent-A-Center, Inc. Declares Fourth Quarter Cash Dividend, Payable on October 23, 2014

Rent-A-Center, Inc. announced that its Board of Directors has declared a $0.23 per share cash dividend for the fourth quarter of 2014 to be paid to the Company's common stockholders. The dividend will be paid on October 23, 2014, to common stockholders of record as of the close of business on October 2, 2014.

Rent-A-Center, Inc. Announces Resignation of Ronald D. Demoss as Executive Vice President - General Counsel

Rent-A-Center, Inc. announced that Ronald D. DeMoss resigned his position as Executive Vice President - General Counsel of the company, effective as of July 25, 2014.

Rent-A-Center, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014 ; Provides Earnings Guidance for the Third Quarter of 2014 ; Revises Earnings Guidance for the Full Year 2014 ; Announces Expansion Plans

Rent-A-Center, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $773,217,000 against $760,511,000 a year ago. Operating profit was $40,159,000 against $77,230,000 a year ago. Earnings before income taxes were $28,608,000 against $67,557,000 a year ago. Net earnings were $17,533,000 against $41,876,000 a year ago. Diluted earnings per common share were $0.33 against $0.76 a year ago. Capital expenditures were $18,342,000 against $25,184,000 a year ago. The 1.7% increase in total Revenue was primarily due to increases of approximately $38.3 million in the Acceptance Now segment and approximately $6.4 million in the Mexico segment, partially offset by a decrease of approximately $30.4 million in the Core U.S. segment. Net earnings and net earnings per diluted share for the quarter ended June 30, 2014 were reduced by a $4.4 million pre-tax restructuring charge, and approximately $0.05 per diluted share, respectively, related to the consolidation of 150 stores into existing Core U.S. stores. Adjusted net earnings per diluted share were $0.38, when excluding the pre-tax restructuring charge, as compared to net earnings per diluted share of $0.76 for the same period in the prior year. These results include dilution related to the Mexico segment of approximately $0.08 per diluted share in the current quarter and $0.07 per diluted share for the same period in the prior year. The company generated cash flow from operations of approximately $68.1 million. Adjusted EBITDA was $65,164,000 against $97,155,000 a year ago. For the six months, the company reported total revenues of $1,606,963,000 against $1,579,792,000 a year ago. Operating profit was $99,922,000 against $156,014,000 a year ago. Earnings before income taxes were $75,260,000 against $138,633,000 a year ago. Net earnings were $46,390,000 against $88,009,000 a year ago. Diluted earnings per common share were $0.87 against $1.55 a year ago. Capital expenditures were $41,450,000 against $44,821,000 a year ago. The 1.7% increase in total Revenue was primarily due to increases of approximately $85.3 million in the Acceptance Now segment and approximately $12.8 million in the Mexico segment, partially offset by a decrease of approximately $68.1 million in the Core U.S. segment. For the six months ended June 30, 2014, the company generated cash flow from operations of approximately $69.0 million. Adjusted EBITDA was $144,813,000 against $195,302,000 a year ago. The company provided earnings guidance for the third quarter of 2014. The company expects revenue growth of 2.0% to 3.0%; 2.0% to 3.0% same store sales growth; EBITDA in the range of $300 to $310 million; annual effective tax rate in the range of 37% to 38%; diluted earnings per share in the range of $0.43 to $0.51. The company expects to open approximately 190 domestic Acceptance Now kiosks. The company expects to open approximately 30 rent-to-own store locations in Mexico, all of which were opened in the six months ended June 30, 2014. The company revised earnings guidance for the year 2014. For fiscal 2014, the company slashed its earnings guidance to a range of $2.00 to $2.15 per share from its prior forecast range of $2.30 to $2.50 per share. It now projects revenue growth of 2.5% to 4% and same store sales growth of 1.5% to 2.5%, down from the previous expectation of 3% to 6% and 3% to 5.5% respectively. The company expected capital expenditures of approximately $95 million.

 

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RAC

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Valuation RAC Industry Range
Price/Earnings 17.9x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 15.7x
TEV/Sales 0.2x
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