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RCII

Rent-A-Center

$25.27

-0.07 (-0.28%)

08:36
06/27/19
06/27
08:36
06/27/19
08:36

Rent-A-Center announces plan to initiate 25c per share quarterly dividend

Rent-A-Center announced that its board approved initiation of a quarterly cash dividend of 25c per share on its common stock subject to completion of the refinancing of the company's existing revolving credit facility and outstanding senior notes, which is expected to occur in Q3. The first quarterly dividend is expected to be declared in September and paid in October. The company expects to enter into agreements with respect to new credit facilities, which will replace its existing revolving credit facility. Proceeds from the refinancing, together with cash on hand, will be used at closing to redeem the company's senior unsecured notes maturing in 2020 and 2021.

RCII Rent-A-Center
$25.27

-0.07 (-0.28%)

04/22/19
RAJA
04/22/19
UPGRADE
RAJA
Strong Buy
Rent-A-Center upgraded to Strong Buy from Outperform at Raymond James
04/22/19
04/22/19
UPGRADE
Target $27

Strong Buy
Rent-A-Center upgraded to Strong Buy at Raymond James ahead of Q1 results
As previously reported, Raymond James analyst Budd Bugatch upgraded Rent-A-Center to Strong Buy and raised his price target to $27 from $25 ahead of its Q1 results on May 6th. The analyst notes that the financial performance of the company has "improved significantly from the depths of the past few years" and also points to the management's efforts to restructure and refinance its high-cost debt as discussed in the company's Q4 earnings call. Bugatch adds that his projections now calls for the Rent-A-Center board to re-initiate a cash dividend by Q4 of this year and for its "improving balance sheet" to become net cash positive by 2021.
06/24/19
SPHN
06/24/19
UPGRADE
Target $27
SPHN
Equal Weight
Rent-A-Center upgraded to Equal Weight from Underweight at Stephens
Stephens analyst Vincent Caintic upgraded Rent-A-Center (RCII) to Equal Weight from Underweight citing what he sees as "massive potential" for third-party retailer Rent-To-Own, telling investors that he wouldn't want to be short any Rent-To-Own stock he covers as a result. However, he thinks Rent-A-Center's "Acceptance Now" offering trails those of publicly traded peers Aaron's (AAN), Curo Group (CURO) and FlexShopper (FPAY), Caintic tells investors. He keeps his Rent-A-Center EPS expectations slightly below guidance, as he is still cautious on execution, but raised his price target on the stock to $27 from $20 to account for a higher multiple.
06/24/19
06/24/19
UPGRADE

Fly Intel: Top five analyst upgrades
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. United Technologies (UTX) upgraded to Outperform from Market Perform at Cowen with analyst Cai von Rumohr citing the selloff in the shares after the Raytheon (RTN) merger announcement. 2. Deere (DE) and Agco (AGCO) upgraded to Buy from Hold at Jefferies. 3. Rent-A-Center (RCII) upgraded to Equal Weight from Underweight at Stephens with analyst Vincent Caintic citing what he sees as "massive potential" for third-party retailer Rent-To-Own, telling investors that he wouldn't want to be short any Rent-To-Own stock he covers as a result. 4. Hostess Brands (TWNK) upgraded to Buy from Neutral at UBS with Steven Strycula citing three catalysts he sees. 5. Dunkin' Brands (DNKN) upgraded to Outperform from Neutral at Wedbush with analyst Nick Steyan saying he believes Dunkin' U.S. is currently undergoing an inflection in same-store sales growth that is underappreciated by the Street. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

03:45
07/18/19
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03:45
General news
FX Action: USD-CAD has settled lower »

FX Action: USD-CAD has…

SWDBY

Swedbank

$0.00

(0.00%)

21:49
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Swedbank rating change at JPMorgan »

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FULC

Fulcrum Therapeutics

$0.00

(0.00%)

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

20:50
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Netflix analyst commentary at Pivotal Research »

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PSMT

PriceSmart

$61.77

-0.43 (-0.69%)

20:43
07/17/19
07/17
20:43
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20:43
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PriceSmart rating change at Scotiabank »

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GMAB

Genmab

$0.00

(0.00%)

20:32
07/17/19
07/17
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Syndicate
Genmab 28.5M share IPO priced at $17.75 per ADS »

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  • 18

    Jul

POWI

Power Integrations

$79.67

-0.22 (-0.28%)

20:29
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20:29
Upgrade
Power Integrations rating change at Stifel »

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  • 25

    Jul

UNH

UnitedHealth

$266.71

2.11 (0.80%)

, HON

Honeywell

$168.81

-6 (-3.43%)

20:25
07/17/19
07/17
20:25
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20:25
Earnings
Notable companies reporting before tomorrow's open »

Notable companies…

UNH

UnitedHealth

$266.71

2.11 (0.80%)

HON

Honeywell

$168.81

-6 (-3.43%)

PM

Philip Morris

$81.06

-0.49 (-0.60%)

UNP

Union Pacific

$164.05

-11.05 (-6.31%)

DHR

Danaher

$139.60

-0.22 (-0.16%)

MS

Morgan Stanley

$43.78

-0.63 (-1.42%)

BX

Blackstone

$45.27

-0.555 (-1.21%)

BBT

BB&T

$49.68

0.04 (0.08%)

STI

SunTrust

$63.99

0.08 (0.13%)

NUE

Nucor

$54.71

-0.87 (-1.57%)

GPC

Genuine Parts

$102.27

-3.07 (-2.91%)

ALLY

Ally Financial

$31.44

-0.26 (-0.82%)

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ADTN

Adtran

$15.84

0.09 (0.57%)

20:07
07/17/19
07/17
20:07
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20:07
Earnings
Adtran reports Q2 adjusted EPS 14c, consensus 8c »

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  • 18

    Jul

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

, PGNX

Progenics

$5.38

0.055 (1.03%)

19:52
07/17/19
07/17
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19:52
Hot Stocks
NJ District Court upholds validity of Relistor patent »

Bausch Health (BHC) and…

BHC

Bausch Health

$22.91

-0.26 (-1.12%)

PGNX

Progenics

$5.38

0.055 (1.03%)

TEVA

Teva

$8.11

-0.07 (-0.86%)

03/08/13
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  • 24

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EFC

Ellington Financial

$18.30

0.045 (0.25%)

19:31
07/17/19
07/17
19:31
07/17/19
19:31
Syndicate
Ellington Financial 3.5M share Spot Secondary priced at $17.66 »

Credit Suisse Securities…

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  • 18

    Jul

EPRT

Essential Properties Realty Trust

$19.83

-0.27 (-1.34%)

19:26
07/17/19
07/17
19:26
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19:26
Syndicate
Essential Properties Realty Trust 22.86M share Secondary priced at $19.75 »

The deal size was…

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  • 18

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FTSV

Forty Seven

$8.77

-1.38 (-13.60%)

19:22
07/17/19
07/17
19:22
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Syndicate
Forty Seven 9.38M share Secondary priced at $8.00 »

The deal priced below the…

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  • 09

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SNDE

Sundance Energy

$1.67

-0.17 (-9.24%)

19:20
07/17/19
07/17
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Hot Stocks
Sundance Energy to sell Dimmit County assets for $29.5M »

Sundance Energy Australia…

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NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

19:18
07/17/19
07/17
19:18
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Syndicate
New York Mortgage 20M share Spot Secondary priced at $6.11 »

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  • 18

    Jul

IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:57
07/17/19
07/17
18:57
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18:57
Hot Stocks
Iberiabank raises quarterly dividend by 5% to 45c per share »

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  • 19

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IBKC

Iberiabank

$74.44

-0.7 (-0.93%)

18:56
07/17/19
07/17
18:56
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18:56
Hot Stocks
Iberiabank authorizes 1.6M share repurchase program »

Iberiabank announced the…

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  • 19

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EBAY

eBay

$39.03

-0.87 (-2.18%)

, LLNW

Limelight Networks

$2.77

0.18 (6.95%)

18:52
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Hot Stocks
Fly Intel: After Hours Movers »

UP AFTER EARNINGS: eBay…

EBAY

eBay

$39.03

-0.87 (-2.18%)

LLNW

Limelight Networks

$2.77

0.18 (6.95%)

NFLX

Netflix

$362.50

-3.22 (-0.88%)

URI

United Rentals

$131.55

-6.05 (-4.40%)

CCK

Crown Holdings

$59.38

-0.88 (-1.46%)

AA

Alcoa

$23.15

-0.18 (-0.77%)

KMI

Kinder Morgan

$20.60

-0.3 (-1.44%)

TCBI

Texas Capital

$58.67

-0.76 (-1.28%)

IBM

IBM

$143.07

-0.47 (-0.33%)

AMRN

Amarin

$21.06

-0.68 (-3.13%)

ROKU

Roku

$109.33

-2.575 (-2.30%)

NYMT

New York Mortgage

$6.25

-0.01 (-0.16%)

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  • 17

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Hot Stocks
Breaking Hot Stocks news story on Netflix »

Netflix says will add $5B…

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  • 17

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MIRM

Mirum Pharmaceuticals

$0.00

(0.00%)

18:42
07/17/19
07/17
18:42
07/17/19
18:42
Syndicate
Mirum Pharmaceuticals 5M share IPO priced at $15.00 »

The deal priced at the…

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  • 18

    Jul

GSBC

Great Southern Bancorp

$57.85

-0.78 (-1.33%)

18:31
07/17/19
07/17
18:31
07/17/19
18:31
Earnings
Great Southern Bancorp reports Q2 adjusted EPS $1.28, two estimates $1.15 »

Reports Q2 NII $44.9M,…

03/08/13
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  • 18

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:28
07/17/19
07/17
18:28
07/17/19
18:28
Hot Stocks
Netflix makes 'large investment' in original animation »

Says "Stranger…

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  • 17

    Jul

  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:17
07/17/19
07/17
18:17
07/17/19
18:17
Hot Stocks
Netflix says European shows reaching 12M-15M viewers »

Says European shows…

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  • 17

    Jul

  • 17

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NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:13
07/17/19
07/17
18:13
07/17/19
18:13
Hot Stocks
Netflix says rate of investment 'extremely high' »

Says has some discretion…

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  • 17

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  • 17

    Jul

NFLX

Netflix

$362.50

-3.22 (-0.88%)

18:08
07/17/19
07/17
18:08
07/17/19
18:08
Hot Stocks
Netflix says overall additions have returned to normal in Q3 »

Says it's easy to…

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  • 17

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