Rent-A-Center Q4 Adj EPS $0.86 Beats $0.74 Estimate, Sales $990.50M Beat $990.42M Estimate

2/23/23 7:37:25 AM ET

Diversified Commercial Services

Consumer Discretionary

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Rent-A-Center (NASDAQ:RCII) reported quarterly adjusted earnings of $0.86 per share which beat the analyst consensus estimate of $0.74 by 16.22 percent. This is a 20.37 percent decrease over earnings of $1.08 per share from the same period last year. The company reported quarterly sales of $990.50 million which beat the analyst consensus estimate of $990.42 million by 0.01 percent. This is a 15.41 percent decrease over sales of $1.17 billion the same period last year.

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Recent Analyst Ratings for
$RCII

Date	Price Target	Rating	Analyst
2/6/2023	$30.00	Buy → Hold	Loop Capital
12/5/2022	$40.00	Buy	Craig Hallum
6/29/2022	$42.00	Overweight → Equal-Weight	Stephens
2/25/2022	$65.00 → $40.00	Strong Buy → Outperform	Raymond James
2/25/2022	$68.00 → $44.00	Overweight	Keybanc
11/5/2021	$70.00 → $65.00	Strong Buy	Raymond James
11/5/2021	$75.00 → $68.00	Overweight	Keybanc
8/25/2021	$85.00	Buy	BofA Securities

More analyst ratings

$RCII
Financials

Live finance-specific insights

Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results
Total Revenue of $990 Million for Fourth Quarter and $4.2 Billion for Full Year GAAP Diluted EPS $0.05 for Fourth Quarter and $0.21 for Full Year Non-GAAP Diluted EPS $0.86 for Fourth Quarter and $3.70 for Full Year Full Year Cash From Operations $468 Million and Free Cash Flow $407 Million Announces Corporate Name Change to Upbound Group, Inc. (UPBD) Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII), now known as Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD, effective February 27, 2023))) today announced results for the quarter and year ended December 31, 2022. "We are encouraged by the Company's fourth quarter performance as we executed well on ou
2/23/23 7:35:00 AM ET
$RCII
Diversified Commercial Services
Consumer Discretionary
Rent-A-Center, Inc. Announces Timing of Fourth Quarter and Full-Year 2022 Financial Results
Rent-A-Center, Inc. (NASDAQ/NGS: RCII) today announced that it will report fourth quarter and full year 2022 financial results on February 23rd and will host a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access the conference call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and presentation materials will also be available on the Company's investor relations website at https://investor.rentacenter.com. A replay will be available beginning February 23rd, at 1:00 p.m. ET. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technolog
2/3/23 7:00:00 AM ET
$RCII
Diversified Commercial Services
Consumer Discretionary
Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the First Quarter of 2023
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that its Board of Directors has approved a quarterly cash dividend of $0.34 for the first quarter of 2023. The dividend will be paid on January 10, 2023, to the Company's common stockholders of record as of the close of business on December 20, 2022. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ:RCII) is a leading provider of technology driven, flexible, no debt obligation leasing solutions that offer underserved consumers access to and potential ownership of high-quality durable goods that enhance the quality of life. The C
12/7/22 7:00:00 AM ET
$RCII
Diversified Commercial Services
Consumer Discretionary

Upbound Group Awards $100,000 to Qualified Recipients through Make a Difference Scholarship Program
Upbound Group, Inc. (NASDAQ:UPBD), a leading provider of technology-driven, flexible leasing solutions for consumers, recently partnered with Scholarship America to award customers, customers' children and coworkers' children with $100,000 in scholarships through the Make a Difference Scholarship program. This was company's 19th year working with Scholarship America to award 40 qualified current and prospective students each with $2,500 for their higher education expenses. Recipients were selected based on academic record, demonstrated leadership, participation in school, community involvement, honors, work experience, statement of goals/aspirations, and unusual personal or family circums
8/15/23 1:36:00 PM ET
$RCII
$UPBD
Diversified Commercial Services
Consumer Discretionary
Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results
Total Revenue of $990 Million for Fourth Quarter and $4.2 Billion for Full Year GAAP Diluted EPS $0.05 for Fourth Quarter and $0.21 for Full Year Non-GAAP Diluted EPS $0.86 for Fourth Quarter and $3.70 for Full Year Full Year Cash From Operations $468 Million and Free Cash Flow $407 Million Announces Corporate Name Change to Upbound Group, Inc. (UPBD) Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII), now known as Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ:UPBD, effective February 27, 2023))) today announced results for the quarter and year ended December 31, 2022. "We are encouraged by the Company's fourth quarter performance as we executed well on ou
2/23/23 7:35:00 AM ET
$RCII
Diversified Commercial Services
Consumer Discretionary
Rent-A-Center, Inc. Is Now Upbound Group, Inc., Advancing Its Mission to Elevate Financial Opportunity for All
Upbound™ combines the Company's capabilities and resources under a unified enterprise brand Rent-A-Center, Inc., the ultimate parent entity for Rent-A-Center®, Acima® and other consumer brands, today announced it will now be known as Upbound Group, Inc. (the "Company" or "Upbound"), an omni-channel platform company that enables a broader range of consumers to access flexible financial solutions. The Company will begin to trade under the ticker NASDAQ: UPBD starting on February 27th. "Two years ago, Rent-A-Center, Inc. closed on its acquisition of Acima Holdings, almost doubling the size of the Company and dramatically changing both organizations. We are now a unified, multi-brand platform
2/23/23 7:30:00 AM ET
$RCII
Diversified Commercial Services
Consumer Discretionary

Rent-A-Center Q4 Adj EPS $0.86 Beats $0.74 Estimate, Sales $990.50M Beat $990.42M Estimate

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Recent Analyst Ratings for $RCII

$RCII Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

Brown Jeffrey J bought $30,041 worth of shares (912 units at $32.94) (SEC Form 4)

$RCII Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Blasquez Anthony J covered exercise/tax liability with 931 shares and was granted 3,143 shares, increasing direct ownership by 4% to 54,242 units (SEC Form 4)

Davids Ann L was granted 2,611 shares and covered exercise/tax liability with 774 shares, increasing direct ownership by 3% to 72,890 units (SEC Form 4)

Fadel Mitchell E was granted 38,884 shares and covered exercise/tax liability with 14,770 shares, increasing direct ownership by 4% to 694,644 units (SEC Form 4)

$RCII Financials

Live finance-specific insights

Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results

Rent-A-Center, Inc. Announces Timing of Fourth Quarter and Full-Year 2022 Financial Results

Rent-A-Center, Inc. Declares Quarterly Cash Dividend of $0.34 for the First Quarter of 2023

$RCII Analyst Ratings

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$RCII Large Ownership Changes

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$RCII Press Releases

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Rent-A-Center downgraded by Loop Capital with a new price target

Craig Hallum initiated coverage on Rent-A-Center with a new price target

Rent-A-Center downgraded by Stephens with a new price target

SEC Form SC 13G/A filed by Rent-A-Center Inc. (Amendment)

SEC Form SC 13G/A filed by Rent-A-Center Inc. (Amendment)

SEC Form SC 13D/A filed by Rent-A-Center Inc. (Amendment)

Upbound Group Awards $100,000 to Qualified Recipients through Make a Difference Scholarship Program

Rent-A-Center, Inc., Now Upbound Group, Inc., Reports Fourth Quarter and Full Year 2022 Results

Rent-A-Center, Inc. Is Now Upbound Group, Inc., Advancing Its Mission to Elevate Financial Opportunity for All

$RCII Market Insights

Live Market Insights

Raymond James Maintains Outperform on Upbound Group, Raises Price Target to $31

GDP Revised Lower, Labor Market Still Tight

Rent-A-Center shares are trading lower after the company reported Q4 financial results and issued guidance.

$RCII SEC Filings

SEC Form 10-Q filed by Rent-A-Center Inc.

Rent-A-Center Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

Rent-A-Center Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

$RCII Leadership Updates

Live Leadership Updates

Rent-A-Center, Inc. Declares Increased Quarterly Cash Dividend of $0.31 for the First Quarter of 2021

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$RCII

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