Last $28.07 USD
Change Today -0.46 / -1.61%
Volume 1.2M
RCII On Other Exchanges
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As of 8:10 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

rent-a-center inc (RCII) Snapshot

Open
$28.42
Previous Close
$28.53
Day High
$28.60
Day Low
$27.84
52 Week High
08/5/13 - $40.81
52 Week Low
02/20/14 - $23.65
Market Cap
1.5B
Average Volume 10 Days
1.2M
EPS TTM
$2.09
Shares Outstanding
52.8M
EX-Date
04/1/14
P/E TM
13.4x
Dividend
$0.92
Dividend Yield
3.14%
Current Stock Chart for RENT-A-CENTER INC (RCII)

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

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rent-a-center inc (RCII) 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 February 28, 2014, the company operated approximately 3,000 stores in the United States, Puerto Rico, Canada, and Mexico. 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 (RCII) 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 and Executive Vi...
Total Annual Compensation: $393.8K
Executive Vice President and General Counsel
Total Annual Compensation: $367.5K
Compensation as of Fiscal Year 2013.

rent-a-center inc (RCII) Key Developments

Rent-A-Center, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for the Full Year 2014

Rent-A-Center, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $833,746,000 against $819,281,000 a year ago. Operating profit was $59,763,000 against $78,784,000 a year ago. Earnings before income taxes were $46,652,000 against $71,076,000 a year ago. Net earnings were $28,857,000 or $0.54 diluted per share against $46,133,000 or $0.79 diluted per share a year ago. Capital expenditures were $23,108,000 against $19,637,000 a year ago. The 1.8% increase in total Revenue was primarily due to increases of approximately $47.0 million in the Acceptance Now segment and approximately $6.4 million in the Mexico segment, partially offset by a decrease of approximately $37.6 million in the Core U.S. segment. Net earnings and net earnings per diluted share for the quarter ended March 31, 2014, were reduced by a $1.9 million pre-tax charge, and approximately $0.03 per diluted share, respectively, due to a write off of unamortized financing costs from the previous credit agreement as discussed below. Adjusted net earnings per diluted share for the quarter ended March 31, 2014, were $0.57, when excluding the pre-tax financing charge, as compared to net earnings per diluted share of $0.79, for the quarter ended March 31, 2013. These results include dilution related to the Mexico segment of approximately $0.07 per diluted share for the quarter ended March 31, 2014, and $0.05 per diluted share for the same period in the prior year. On non-GAAP basis, net earnings were $30,061,000, adjusted EBITDA was $79,649,000, earnings before income taxes was $48,598,000 The company provided earnings guidance for the full year 2014. For the year, the company expects 3.0% to 6.0% total revenue growth, EBITDA in the range of $325 to $345 million, annual effective tax rate in the range of 37% to 38%, diluted earnings per share in the range of $2.30 to $2.50, including approximately $0.25 per share dilution related to Mexico and capital expenditures of approximately $100 million. The 2014 guidance does not include the potential impact of any repurchases of common stock the company may make, changes in future dividends, material changes in outstanding indebtedness, or the potential impact of acquisitions, dispositions or store closures that may be completed or occur after June 30, 2014.

Rent-A-Center, Inc. to Report Q1, 2014 Results on Apr 21, 2014

Rent-A-Center, Inc. announced that they will report Q1, 2014 results After-Market on Apr 21, 2014

Rent-A-Center, Inc., Q1 2014 Earnings Call, Apr 22, 2014

Rent-A-Center, Inc., Q1 2014 Earnings Call, Apr 22, 2014

 

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Industry Analysis

RCII

Industry Average

Valuation RCII Industry Range
Price/Earnings 13.8x
Price/Sales 0.5x
Price/Book 1.1x
Price/Cash Flow 12.4x
TEV/Sales 0.2x
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