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RCII

Rent-A-Center

$9.52

-0.32 (-3.25%)

09:02
04/09/18
04/09
09:02
04/09/18
09:02

Rent-A-Center reports Q1 preliminary core U.S. SSS growth of 0.3%

Preliminary same store sales growth in the Core U.S. segment for the first quarter of 2018 increased 0.3% over the same period a year ago, with March 2018 increasing at 1.6%. The continued sequential improvement within the first quarter was primarily driven by better collections due to lower promotional activity and a higher portfolio balance versus last year driven largely by an increase in the average ticket per customer. Acceptance Now same store sales grew 3.3% in the first quarter compared to first quarter 2017. In addition, the cost savings and working capital initiatives instituted by the company earlier this year are exceeding management's expectations. Since the end of 2017, the company has reduced debt by over $75M due to the stronger topline and improved performance, primarily due to the initiatives. The company currently has approximately $175M in revolving credit availability, taking into account the $50M reserve necessary given the company's current fixed charge coverage ratio. The company has $20M currently drawn on its revolving credit facility.

RCII Rent-A-Center
$9.52

-0.32 (-3.25%)

01/02/18
LOOP
01/02/18
NO CHANGE
Target $8
LOOP
Sell
Rent-A-Center CEO resignation 'another bad sign,' says Loop Capital
After Rent-A-Center announced that Mark Speese has resigned as CEO, Loop Capital analyst Anthony Chukumba called the news "another bad sign" that likely indicates that Speese was fed up with dealing with an activist investor pushing for a sale, Rent-A-Center continued to underperform in Q4, or both. Chukumba keeps his Sell rating and $8 price target on Rent-A-Center shares.
01/17/18
LOOP
01/17/18
NO CHANGE
Target $8
LOOP
Sell
Loop Capital less optimistic on Rent-A-Center ahead of earnings
Loop Capital analyst Anthony Chukumba keeps his Sell rating and $8 price target on Rent-a-Center ahead of Q4 earnings, but says he is turning even less optimistic about the company's top-line growth and profitability expectations. The analyst notes that investors will focus on comps and profitability, any 2018 guidance, a potential update on the company's progress in strategic alternatives review, and the turnaround plan of the recently appointed CEO.
02/21/18
LOOP
02/21/18
NO CHANGE
LOOP
Rent-A-Center price target lowered to $6 from $8 at Loop Capital
Loop Capital analyst Anthony Chukumba lowering his Rent-A-Center price target to $6 from $8 and reiterated his Sell rating. Chukumba said the company's "bad" Q4 earnings miss leaves him no reason to believe the company will significantly improve in the near future.
03/08/18
SPHN
03/08/18
NO CHANGE
Target $5
SPHN
Underweight
Stephens more cautious on Rent-A-Center after update on strategic process
Stephens analyst Vincent Caintic said he is incrementally more negative n Rent-A-Center after the company said its board expects to reach a determination with respect to "whether" to pursue a sale of the company, as he thought selling the company was the main activist thesis. A decision not to sell would drive "material downside" for Rent-A-Center shares, Caintic believes. The company comments on January and February same-store sale were also negative, noted the analyst, who maintains his Underweight rating and $5 price target on Rent-A-Center shares.

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One Horizon Group

$0.18

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CYTX

Cytori Therapeutics

$0.41

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Chubb

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VTVT

vTv Therapeutics

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VYGR

Voyager Therapeutics

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GNRC

Generac

$57.99

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$30.20

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Harris

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PMBC

Pacific Mercantile Bancorp

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WSC

WillScot

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DTEA

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EPRT

Essential Properties Realty Trust

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BBSI

Barrett Business

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SIGA

Siga Technologies

$7.25

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$292.03

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