Cruise stocks fell after CCL issued its quarterly results. NKE and RCII also dropped on earnings news. FXLV surged on a takeover offer.
These are the stocks posting the largest moves in midday trading.
"You Will Rent Nothing And You Will Be Happy": Rent-A-Center Crashes After Pulling Guidance Due To Collapsing "Economic Conditions" How bad is it out there? So bad Americans can''t even afford to rent any more, or as Biden would put it: "the strongest economic recovery in recent history." My first two years in office spurred the strongest economic recovery in recent history. Today, I''m releasing my Economic Blueprint, a look at how our wins are rebuilding an economy that works for working families. https://t.co/eSlr3ymdo8 It''s long. So here are the big things: — President Biden (@POTUS) September 9, 2022 In addition to the previously discussed implosion at Nike, whose stock is getting crushed by the bullwhip effect sending inventories soaring as US consumers hit a recession brick wall, a middle-American staple is getting hammered even harder: yes, Rent-A-Center is down as much as 20% today… ... one of its biggest one-day drops on record, which has pushed the stock back to April 2020 levels.
Rent-A-Center (RCII) stock extended losses on Friday, dropping ~14% before the bell, after the rent-to-own firm reduced its Q3 forecast.RCII said retail traffic and customer…
Rent-A-Center, Inc. (NASDAQ/NGS: RCII), a leading provider of technology driven, flexible, no debt obligation leasing solutions for consumers, today announced that Mr. Fahmi Karam, currently Chief Financial Officer of Santander Consumer USA, will join the Company as Executive Vice President - Chief Financial Officer effective October 31, 2022. The Company also announced that its current Executive
Recent figures show declining sales and earnings per share. Acima performed poorly. The stock valuation metrics show a favorable picture. Read more here.
Friday marks the last chance for investors to receive the next dividend payout from Rent-A-Center (NASDAQ: RCII ). What''s Happening The company announced on Wednesday that it would pay shareholders a quarterly dividend of 34 cents per share. On Monday, Rent-A-Center will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will … Full story available on Benzinga.com
Rent-A-Center (RCII) declares $0.34/share quarterly dividend, in line with previous.
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 fourth quarter of 2022. The dividend will be paid on October 25, 2022, to the Company’s common stockholders of record as of the close of business on October
Rent-A-Center Inc. (NASDAQ:RCII) price on Friday, August 19, fall -3.75% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $28.99. A look at the stock’s price movement, the close in the last trading session was $30.12, moving within a range at $28.74 and $29.69. The beta value (5-Year … A Stock Analysis Of Rent-A-Center Inc.’s (RCII) Read More »
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RIVERDALE, Ga.--(BUSINESS WIRE)--Rent-A-Center Store Manager Elgin Copeland and his sales team are pleased to offer the residents of Riverdale an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center store is located at 7169-A Highway 85 in Riverdale. To welcome Rent-A-Center to its new neighborhood, members of the Riverdale community are invited to attend a grand opening celebration and ribbon cutting ceremony on Sat
Jefferies Financial Group cut their Q3 2022 earnings per share estimates for Rent-A-Center in a research note issued to investors on Thursday, August 4th. Jefferies Financial Group analyst K. Joseph … Read Full Story at source (may require registration) The post Equities Analysts Offer Predictions for Rent-A-Center, Inc.’s Q3 2022 Earnings (NASDAQ:RCII) appeared first on ForexTV .
Rent-A-Center (RCII) +16% reported Non-GAAP EPS of $1.15, beating expectations and higher than the company guidance of $0.95-$1.10
The following slide deck was published by Rent-A-Center, Inc.
Rent-A-Center, Inc. (NASDAQ:NASDAQ:RCII) Q2 2022 Earnings Conference Call August 4, 2022 8:30 A.M.
Rent-A-Center press release (RCII): Q2 Non-GAAP EPS of $1.15 beats by $0.16.Revenue of $1.07B (-7.8% Y/Y) beats by $10M.Guidance:2022:Revenues $4.265B - $4.385B. Consensus…
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ:RCII) today announced results for the quarter ended June 30, 2022. "Second quarter results were at or above the high end of the guidance ranges we provided in May, and we met our key objectives for the first half of the year, which were to optimize Acima’s underwriting approach for the current environment, maintain year-over-year portfolio growth for the Rent-A-Center Segment, and manage costs to suppo
Rent-A-Center (RCII) is scheduled to announce Q2 earnings results on Wednesday, August 3rd, after market close.The consensus EPS Estimate is $0.99 (-39.3% Y/Y) and the consensus…
Rent-A-Center Inc, a large furniture and electronics rent-to-own company, will pay $15.5 million to settle charges it violated California consumer protection laws by unlawfully leasing items and engaging in deceptive marketing. The settlement announced on Tuesday by California Attorney General Rob Bonta calls for Rent-A-Center to pay a $2 million civil fine and $13.5 million […]
Rent-A-Center Inc. (NASDAQ:RCII) price closed lower on Tuesday, July 26, dropping -10.33% below its previous close. A look at the daily price movement shows that the last close reads $23.52, with intraday deals fluctuated between $20.37 and $21.59. The company’s 5Y monthly beta was ticking 1.62 while its P/E ratio in the trailing 12-month period … Rent-A-Center Inc. (NASDAQ: RCII) Continues To Point Downwards Read More »
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RCII is trading at approximately 4x FCF with no prospects of an imminent decline in FCF. Read why its intrinsic value is >5x its current market value.
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (NASDAQ/NGS:RCII) today announced it will host a conference call on Thursday, August 4th, 8:30 a.m. ET to discuss second quarter results scheduled to be released following the market’s close on August 3rd. Participants can access the call by phone via this link (registration link), where the dial-in details will be provided. A live webcast of the conference call and investor presentation will also be available on the Company’s investor relation
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Rent-A-Center (RCII) has been downgraded to equal-weight from overweight at Stephens as the brokerage turns cautious on lease-to-own stocks amid recession concerns as the Fed boosts…
Upgrades According to DA Davidson, the prior rating for Heritage Financial Corp (NASDAQ: HFWA ) was changed from Neutral to Buy. In the first quarter, Heritage Financial showed an EPS of $0.56, compared to $0.70 from the year-ago quarter. The stock has a 52-week-high of $27.45 and a 52-week-low of $20.95. At the end of the last trading period, Heritage Financial closed at $24.93. According to B of A Securities, the prior rating for Synopsys Inc (NASDAQ: SNPS ) was changed from Underperform to Neutral. In the second quarter, Synopsys showed an EPS of $2.50, compared to $1.70 from the year-ago quarter. The current stock performance of Synopsys shows a 52-week-high of $377.60 and a 52-week-low of $255.02. Moreover, at the end of the last trading period, the closing price was at $303.67. For Cadence Design Systems Inc (NASDAQ: CDNS ), B of A Securities upgraded the previous rating of Underperform to Neutral. Cadence Design Sys earned $1.17 in the first quarter, compared to $0.83 in the year-ago quarter.
This pair trade is due to three reasons why Rent-A-Center (RCII) is set to outperform Aaron''s (AAN). Click here to know these three reasons.
Rent-a-Center Inc. (RCII) shares closed 0.5% lower than its previous 52 week low, giving the company a market cap of $1B. The stock is currently down 56.8% year-to-date, down 65.2% over the past 12 months, and up 90.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Trading volume this week was 83.7% higher than the 20-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 9.8% lower than its 5-day moving average, 19.9% lower than its 20-day moving average, and 26.4% lower than its 90-day moving average. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 53.4% The company's stock price performance over the past 12 months lags the peer average by 33.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
Rent-a-Center Inc. (RCII) shares closed this week 23.1% lower than it did at the end of last week. The stock is currently down 56.8% year-to-date, down 65.2% over the past 12 months, and up 90.7% over the past five years. This week, the Dow Jones Industrial Average fell 7.2%, and the S&P 500 fell 8.7%. Trading Activity Shares traded as high as $25.38 and as low as $19.50 this week.Shares closed 69.3% below its 52-week high and 0.5% below its 52-week low.Trading volume this week was 72.0% higher than the 10-day average and 102.5% higher than the 30-day average.Beta, a measure of the stock’s volatility relative to the overall market stands at 1.0. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.MACD, a trend-following momentum indicator, indicates a downward trend.The stock closed below its Bollinger band, indicating it may be oversold.The stock closed at 9.8% lower than its 5-day moving average, 19.9% lower than its 20-day moving average, and 26.4% lower than its 90-day moving average. Market Comparative Performance The company's share price lags the S&P 500 Index this week, lags it on a 1-year basis, and beats it on a 5-year basis The company's share price lags the Dow Jones Industrial Average this week, lags it on a 1-year basis, and beats it on a 5-year basis The company share price lags the performance of its peers in the Financials industry sector this week, lags it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 53.4% The company's stock price performance over the past 12 months lags the peer average by 33.0% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
As the stock market tumbles at the prospects of an imminent recession, the relative stability of high-yield stocks offer a safe harbor for investors. Generating current income from portfolio holdings has become more important than ever. Accordingly, buy-and-hold investors are looking for for the best high-yield stocks to help them safely navigate a volatile stock market. So far in 2022, the S&P 500 High Dividend Index has gained around 5%, whereas the S&P 500 Index has declined roughly 14% year to date. Furthermore, the iShares Core High Dividend ETF (NYSEARCA: HDV ) has returned 7.4% 7 Unstoppable Stocks to Own in 2022 High-yield stocks with robust businesses shield investors from high inflation while generating reliable returns. For example, research indicates that dividend stocks gained 1.8% even during the 2000s when the stock markets crashed at the height of the dot.com bubble. With that information, here are seven high-yield stocks that offer a safe path to tap into lucrative yields in the summer: AAP Advance Auto Parts $171.48 AEO American Eagle Outfitters $11.58 CWH Camping World Holdings $25.46 CAKE Cheesecake Factory $28.65 IGT International Game Technology $18.85 RCII Rent-A-Center $23.49 VFC VF $45.42 Advance Auto Parts (AAP) Source: Ken Wolter / Shutterstock.com 52-week range: $172.86 – $244.55 Advance Auto Parts (NYSE: AAP ) is a leading aftermarket automotive parts provider with over 4,700 stores in North America.
Small-cap stocks should perform well in the next market advance, possibly outperforming large-capitalization companies. That’s partly because our view of the international global supply chain changed. For a while we figured, the best idea was to make things wherever it was cheapest. It didn’t really matter, you could ship it anywhere. Well, the pandemic put a stop to that notion. International supply chains locked up. And maybe that thinking was wrongheaded to begin with, and even if the pandemic had not happened, a global supply chain was bound to fail anyway. Case in point is Russia’s invasion into Ukraine — even though it did not destroy the energy market, it certainly exacerbated the supply situation, driving up oil prices and causing serious economic problems for many countries. Nathan Sheets, Citi’s global chief economist, points out that “the pandemic added a new set of unforeseen challenges.” 7 of the Hottest ETFs to Buy Right Now Small-cap stocks, which service mostly the countries in which they are domiciled, should do very well when countries expand their domestic supply chains.
Rent-A-Center Inc. (NASDAQ:RCII) concluded the trading at $25.57 on Friday, June 10, with a fall of -3.80% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $26.58 and 5Y monthly beta was reading 1.62 with its price kept floating in the range … Analysts Provide An Important Insights On Rent-A-Center Inc. (RCII) Read More »
LCI Industries (LCII) said Thursday its board authorized a $200M stock repurchase program over the next 3 years.The program may be modified, suspended or terminated at any time…
LCI Industries (LCII) declares $1.05/share quarterly dividend, 16.7% increase from prior dividend of $0.90.Forward yield 3.97%
These dividend stocks distribute high yields and have strong buy ratings, making them great opportunities for passive income investors. Fortress Transportation and Infrastructure Investors ( FTAI ): Forward dividend yield of 7.06% and an upside of 81.54%. Global Medical REIT ( GMRE ): Forward dividend yield of 6.43% and an upside of 30.69%. Diamondback Energy ( FANG ): Forward dividend yield of 6.06% and an upside of 39.83%. Rent-A-Center ( RCII ): Forward dividend yield of 4.82% and an upside of 40.82%. B2Gold ( BTG ): Forward dividend yield of 3.95% and an upside of 53.39%. Phillips 66 ( PSX ): Forward dividend yield of 4.00% and an upside of 9.74%. LCI Industries ( LCII ): Forward dividend yield of 3.16% and an upside of 24.02%. Source: iQoncept/shutterstock.com Lingering fears that the plan of the Federal Reserve to cut inflation could tip the economy into recession, prompting bears to send the SPDR S&P 500 Trust ETF (NYSEARCA: SPY ) to fresh lows. One way to face tumultuous market periods is to invest in dividend stocks.
Companies Reporting Before The Bell • The Middleby (NASDAQ: MIDD ) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million. • Target Hospitality (NASDAQ: TH ) is projected to report earnings for its first quarter. • Hudson Global (NASDAQ: HSON ) is projected to report earnings for its first quarter. • Maiden Hldgs (NASDAQ: MHLD ) is estimated to report earnings for its first quarter. • WhiteHorse Finance (NASDAQ: WHF ) is likely to report earnings for its first quarter. • Anavex Life Sciences (NASDAQ: AVXL ) is estimated to report earnings for its second quarter. • Eos Energy Enterprises (NASDAQ: EOSE ) is estimated to report quarterly loss at $0.56 per share on revenue of $4.32 million. • Navios Maritime Partners (NYSE: NMM ) is estimated to report quarterly earnings at $3.49 per share on revenue of $225.48 million. • Exela Technologies (NASDAQ: XELA ) is expected to report quarterly loss at $0.10 per share on revenue of $284.91 million. • Reata Pharmaceuticals (NASDAQ: RETA ) is likely to report quarterly loss at $2.
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PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (NASDAQ: RCII) (Rent-A-Center or the Company), a leader in the lease-to-own industry, is proud to support the American Red Cross with a donation of $50,000 for disaster relief efforts across the country. Rent-A-Center will donate a total of $100,000 to the American Red Cross this year as a way to assist in their lifesaving mission nationwide. At Rent-A-Center, our charitable giving efforts are aligned with the desire to help families thrive
Rent-A-Center stock has increased by 35% in 2021
Employees at Rent-A-Center, Inc. (RAC) recently joined forces for their annual Spring for Kids campaign, a fundraiser supporting family and youth empowerment efforts. This year, 100% of the funds raised over the course of the fundraiser were donated to Boys & Girls Clubs of America (BGCA)a national, nonprofit organization which provides programs and services to promote and enhance the development
EDMOND, Okla.--(BUSINESS WIRE)--Rent-A-Center Store Manager, Justin Reagan, and his sales team are pleased to offer the residents of Edmond an option when it comes to acquiring ownership of high-quality furniture, appliances, electronics and computers. The new Rent-A-Center is located at 809 W. Danforth Rd, Edmond, OK, 73003, and will be opening its doors to the public for the first time on Friday, July 2. To welcome Rent-A-Center to the neighborhood, members of the Edmond community are invited
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PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the Company) (NASDAQ/NGS: RCII) announced that its Board of Directors has approved a quarterly cash dividend of $0.31 per share for the third quarter of 2021. The dividend will be paid on July 13, 2021 to the Companys common stockholders of record as of the close of business on June 22, 2021. About Rent-A-Center, Inc. Rent-A-Center, Inc. (NASDAQ: RCII) is an industry leading omni-channel lease-to-own provider for the cash and credit constra
Rent-A-Center, Inc. (the
In trading on Wednesday, music and electronics stores shares were relative leaders, up on the day by about 5.8%. Leading the group were shares of Gamestop, up about 17% and shares of Rent-a-center up about 4.5% on the day.
Rent-A-Center (NASDAQ:RCII) had its target price boosted by Raymond James from $65.00 to $70.00 in a research report released on Friday morning, Analyst Price Targets reports. Raymond James currently has a strong-buy rating on the stock. A number of other research firms also recently issued reports on RCII. Zacks Investment Research downgraded Rent-A-Center from a []
Rent-A-Center, Inc. (NASDAQ:RCII) CMO Ann L. Davids sold 12,000 shares of the business’s stock in a transaction on Friday, February 26th. The stock was sold at an average price of $56.25, for a total value of $675,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the […]
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII), a leader in the lease-to-own industry, today announced that its management will participate at the following investor conferences in March 2021. The management team including Mitch Fadel, CEO, and Maureen Short, CFO, are expected to present at the conferences. J.P. Morgan 2021 Global High Yield & Leverage Finance Conference on March 2nd, 2021. Management will present on Tuesday, March 2
Rent-A-Center Inc shares closed today at 1.3% below its 52 week high of $58.52, giving the company a market cap of $3B. The stock is currently up 50.8% year-to-date, up 166.9% over the past 12 months, and up 395.4% over the past five years. This week, the Dow Jones Industrial Average fell 1.7%, and the S&P 500 fell 2.5%. Trading Activity Trading volume this week was 90.7% higher than the 20-day average.Beta, a measure of the stocks volatility relative to the overall market stands at 1.3. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.MACD, a trend-following momentum indicator, indicates an upward trend.The stock closed below its Bollinger band, indicating it may be oversold. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and beats it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and beats it on a 5-year basis The company share price is the same as the performance of its peers in the Financials industry sector , beats it on a 1-year basis, and beats it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -47.6% The company's stock price performance over the past 12 months lags the peer average by -71.9% This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
PLANO, Texas--(BUSINESS WIRE)--Rent-A-Center, Inc. (the "Company" or "Rent-A-Center") (NASDAQ/NGS: RCII) today announced results for the quarter ended December 31, 2020. “This past year was pivotal for Rent-A-Center," said Mitch Fadel, Chief Executive Officer. "Strong performance in our Rent-A-Center business and growth in the retail partner channel drove record revenues and earnings despite operational challenges from the COVID-19 pandemic. We made important investments to support our digital
Rent-A-Center (NASDAQ:RCII) unveils its next round of earnings this Wednesday, February 24. Get prepared with Benzinga's ultimate preview for …