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RCII

Rent-A-Center

$12.50

0.05 (0.40%)

09:02
07/18/17
07/18
09:02
07/18/17
09:02

Rent-A-Center reports June core U.S. SSS down 7.7%

Reports June Core U.S. Same Store Sales: (7.7%); Delinquencies: 7.1%, 60 basis points unfavorable versus prior month; Average Monthly Rate of New Agreements: 5.7% favorable versus prior year; Co-worker Turnover: 86.1% and 19.5 percentage points favorable versus prior year. Reports June Acceptance NOW Same Store Sales: 8.6%; Delinquencies: 8.1%, 90 basis points unfavorable versus prior month. In the Core U.S. segment, June same store sales improved sequentially as the initiatives put in place continue to make a positive impact on the size and quality of the rental portfolio. Delinquencies, which were favorable by 410 basis points versus prior year, were higher sequentially primarily due to seasonality. In addition, while there were some calendar differences on a monthly basis throughout the quarter versus prior year, second quarter 2017 same stores sales were approximately 350 basis points ahead of the low point in fourth quarter 2016. In Acceptance NOW, same store sales remain higher than last year due to a larger portfolio in those respective locations. The growth of the portfolio is being aided by a younger, still maturing store base and stronger average ticket driven by actions taken to optimize the value proposition.

  • 27

    Jul

RCII Rent-A-Center
$12.50

0.05 (0.40%)

06/05/17
KEYB
06/05/17
NO CHANGE
KEYB
Rent-A-Center could be sold, says KeyBanc
KeyBanc analyst Bradley Thomas believes it is "increasingly likely" that Engaged Capital will obtain seats on Rent-A-Center's board on June 8. He thinks that the board will probably look into selling the company and he believes that the company could ultimately be sold. The analyst says that the election of Engaged Capital's representatives to the board would be a positive catalyst for Rent-A-Center's stock, and he thinks that a "near-term opportunity" has been created ahead of the June 8 annual meeting.
06/07/17
LOOP
06/07/17
DOWNGRADE
Target $8
LOOP
Sell
Rent-A-Center downgraded to Sell from Hold at Loop Capital
Loop Capital analyst Anthony Chukumba downgraded Rent-A-Center to Sell with an unchanged price target of $8. The secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business, the analyst tells investors in a research note. The analyst believes Rent-A-Center is "highly unlikely" to achieve management's 2018 and 2019 financial targets.
06/07/17
06/07/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. PepsiCo (PEP) and Coca-Cola (KO) were downgraded to Market Perform from Outperform at BMO Capital. 2. Rent-A-Center (RCII) downgraded to Sell from Hold at Loop Capital with analyst Anthony Chukumba saying the secular shift to "virtual" rent-to-own has impaired the value of the company's core U.S. business. 3. HD Supply (HDS) was downgraded to Neutral from Outperform at Baird and to Hold from Buy at Drexel Hamilton. 4. IMAX (IMAX) downgraded to Hold from Buy at Benchmark with analyst Mike Hickey saying he fears movie goers' enthusiasm for recliner installations has shifted share away from IMAX and he now worries that recent per screen average deterioration could "prove less than transitory." 5. Danaher (DHR) downgraded to Neutral from Buy at Janney Capital with analyst Paul Knight saying he sees the company having more work to do optimizing its portfolio. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
07/11/17
LOOP
07/11/17
NO CHANGE
Target $8
LOOP
Sell
Loop Capital keeps Sell rating on Rent-A-Center despite PE buyout bid
After Rent-A-Center disclosed that it rejected an unsolicited $15.00 per share takeover offer from private equity firm Vintage Capital Management, Loop Capital analyst Anthony Chukumba said he is maintaining his Sell rating on the stock, as he questions how Vintage would be able to finance such a going private deal. He also thinks Rent-A-Center's rejection demonstrates how opposed it is to selling. Chukumba keeps an $8 price target on Rent-A-Center shares.

TODAY'S FREE FLY STORIES

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

16:30
10/18/17
10/18
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Earnings
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16:30
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Options
Preliminary option volume of 16.8M today »

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RXDX

Ignyta

$16.25

1.9 (13.24%)

16:29
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10/18
16:29
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16:29
Syndicate
Ignyta announces $125M common stock offering »

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  • 18

    Oct

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CCI

Crown Castle

$100.96

-0.42 (-0.41%)

16:28
10/18/17
10/18
16:28
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Earnings
Crown Castle sees Q4 AFFO $430M-$435M »

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PEGI

Pattern Energy

16:28
10/18/17
10/18
16:28
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16:28
Syndicate
Pattern Energy files to sell 8M shares of Class A common stock »

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USAP

Universal Stainless & Alloy

$21.12

-0.33 (-1.54%)

16:27
10/18/17
10/18
16:27
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16:27
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Breaking Hot Stocks news story on Universal Stainless & Alloy »

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BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:26
10/18/17
10/18
16:26
10/18/17
16:26
Hot Stocks
Brandywine Realty announces joint venture disposition »

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  • 19

    Oct

  • 14

    Dec

RXDX

Ignyta

$16.25

1.9 (13.24%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Syndicate
Breaking Syndicate news story on Ignyta »

Ignyta files automatic…

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  • 18

    Oct

  • 18

    Oct

  • 06

    Nov

NTB

Butterfield

$35.81

0.29 (0.82%)

16:25
10/18/17
10/18
16:25
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16:25
Hot Stocks
Butterfield chief risk officer Frumkin named COO »

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  • 25

    Oct

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    Nov

VSEC

VSE Corp.

$58.21

0.01 (0.02%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Hot Stocks
VSE Corp. awarded $35.6M in new delivery order awards »

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ADBE

Adobe

$153.00

2.62 (1.74%)

16:25
10/18/17
10/18
16:25
10/18/17
16:25
Conference/Events
Adobe to hold a briefing »

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  • 18

    Oct

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HXL

Hexcel

$58.94

0.39 (0.67%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Earnings
Hexcel narrows FY17 EPS guidance to $2.64-$2.72 from $2.64-$2.76 »

Consensus $2.68. Sees…

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UAL

United Continental

$67.99

0.48 (0.71%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Hot Stocks
United Continental says Q3 pre-tax income reduced by about $185M due to storms »

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  • 19

    Oct

BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:24
10/18/17
10/18
16:24
10/18/17
16:24
Earnings
Brandywine Realty sees FY18 EPS of 34c-44c, consensus 25c »

Announces 2018 FFO…

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  • 19

    Oct

  • 14

    Dec

CCI

Crown Castle

$101.03

-0.315 (-0.31%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
Crown Castle reports Q3 adjusted EPS 21c, consensus 24c »

Reports Q3 revenue…

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TSC

TriState Capital

$22.75

-0.2 (-0.87%)

16:23
10/18/17
10/18
16:23
10/18/17
16:23
Earnings
TriState Capital reports Q3 EPS 35c, consensus 30c »

Reprots Q3 revenue…

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  • 19

    Oct

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    Nov

TBK

Triumph Bancorp

$31.80

0.25 (0.79%)

16:23
10/18/17
10/18
16:23
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Earnings
Triumph Bancorp reports Q3 EPS 47C, consensus 44C »

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  • 19

    Oct

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BDN

Brandywine Realty

$17.93

-0.02 (-0.11%)

16:23
10/18/17
10/18
16:23
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16:23
Earnings
Brandywine Realty raises FY17 EPS view to 72c-74c from 17c-21c »

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  • 19

    Oct

  • 14

    Dec

HXL

Hexcel

$58.94

0.39 (0.67%)

16:22
10/18/17
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16:22
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Earnings
Hexcel reports Q3 EPS 71c, consensus 68c »

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EBAY

eBay

$37.97

0.48 (1.28%)

16:22
10/18/17
10/18
16:22
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16:22
Hot Stocks
eBay added 2M active buyers in Q3 »

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BPFH

Boston Private Financial

$16.50

0.2 (1.23%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Earnings
Boston Private Financial reports Q3 EPS 22c, consensus 23c »

Average total deposits…

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  • 19

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

, BRK.A

Berkshire Hathaway

$281,290.00

240 (0.09%)

16:22
10/18/17
10/18
16:22
10/18/17
16:22
Hot Stocks
American Express says Squeri to succeed retiring Chenault as CEO »

American Express (AXP)…

AXP

American Express

$92.08

0.39 (0.43%)

BRK.A

Berkshire Hathaway

$281,290.00

240 (0.09%)

BRK.B

Berkshire Hathaway

$187.85

0.46 (0.25%)

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  • 18

    Oct

  • 22

    Oct

  • 08

    Nov

EBAY

eBay

$37.97

0.48 (1.28%)

16:22
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10/18
16:22
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16:22
Hot Stocks
Breaking Hot Stocks news story on eBay »

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VRS

Verso

$6.00

0.2 (3.45%)

16:21
10/18/17
10/18
16:21
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16:21
Hot Stocks
Breaking Hot Stocks news story on Verso »

Mudrick Capital reports…

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EBAY

eBay

$37.97

0.48 (1.28%)

16:21
10/18/17
10/18
16:21
10/18/17
16:21
Earnings
eBay sees FY17 EPS $1.99 - $2.01, consensus $2.00 »

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