Why Rent-A-Center (RCII) Stock Is Down TodayNEW YORK (TheStreet) -- Shares of Rent-A-Center were falling 9.6% to $28.60 Tuesday after missing analysts estimates for revenue in the third quarter and receiving a downgrade from Raymond James. The rental company reported earnings of 49 cents a share for the third quarter, beating the Capital IQ Consensus Estimate of 47 cents a share by 2 cents. Revenue grew 2% year over year to $769.53 million for the quarter, below analysts estimates of $773.32 million. Analyst firm Raymond James downgraded Rent-A-Center to market perform from outperform following the third quarter results. The analyst firm set a price target of $30 for the company. Must Read:aWarren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates RENT-A-CENTER INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: We rate RENT-A-CENTER INC (RCII) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The companys strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full analysis from the report here: RCII Ratings Report RCII data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on RCII. Click to research the Specialty Retail industry. By twocents@thestreet (Shawn Ingram) NEW YORK (TheStreet) -- Shares of Rent-A-Center were falling 9.6% to $28.60 Tuesday after missing analysts estimates for revenue in the third quarter and receiving a downgrade from Raymond James. The rental company reported earnings of 49 cents a share for the third quarter, beating the Capital IQ Consensus Estimate of 47 cents a share by 2 cents. Revenue grew 2% year over year to $769.53 million for the quarter, below analysts estimates of $773.32 million. Analyst firm Raymond James downgraded Rent-A-Center to market perform from outperform following the third quarter results. The analyst firm set a price target of $30 for the company. Must Read:aWarren Buffetts 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates RENT-A-CENTER INC as a Buy with a ratings score of B-. TheStreet Ratings Team has this to say about their recommendation: We rate RENT-A-CENTER INC (RCII) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The companys strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat weak growth in earnings per share. You can view the full analysis from the report here: RCII Ratings Report RCII data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Click to view a price quote on RCII. Click to research the Specialty Retail industry. ift.tt/1gB4pon
Posted on: Wed, 22 Oct 2014 05:51:05 +0000
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