Key Developments: Rent-A-Center Inc (RCII.O)

RCII.O on Nasdaq

26.66USD
29 Jul 2015
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$-0.83 (-3.02%)
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Latest Key Developments (Source: Significant Developments)

Rent-A-Center gives Q3 2014 guidance; EPS guidance below analysts' estimates; gives FY 2014 guidance; EBITDA guidance below analysts' estimates
Monday, 21 Jul 2014 04:26pm EDT 

Rent-A-Center Inc:Expects 2.5 to 4.0 pct total revenue growth for FY 2014.Expects 1.5 to 2.5 pct same store sales growth for FY 2014.Expects EBITDA in the range of $300 to $310 mln for FY 2014.Expects Diluted earnings per share in the range of $2.00 to $2.15 for FY 2014, including about $0.25 per share dilution related to Mexico.Expects 2.0 to 3.0 pct total revenue growth for the Q3 2014.Expects 2.0 to 3.0 pct same store sales growth for the Q3 2014.Expects 33 to 34 pct EBITDA growth for the Q3 2014.Expects Diluted earnings per share in the range of $0.43 to $0.51 for the Q3 2014.Reported revenue of $3.104 bln in FY 2013.Q3 2014 revenue of $783.84 mln, EBITDA of $80.35 mln and EPS of $0.55 - Thomson Reuters I/B/E/S.FY 2014 revenue of $3.187 bln, EBITDA of $315 mln and EPS of $2.09 - Thomson Reuters I/B/E/S.  Full Article

Rent-A-Center, Inc gives Q2 2014 guidance; EPS guidance below analysts' estimates; gives Q2 2014 same store sales guidance
Thursday, 10 Jul 2014 04:41pm EDT 

Rent-A-Center, Inc:Expects Q2 2014 total revenues to be about $773 million.Expects Q2 2014 same store sales to have increased about 0.6pct.Expects Q2 2014 net earnings per diluted share to be in the range of $0.31 to $0.33.Expects Q2 2014 adjusted net earnings per diluted share to be in the range of $0.36 to $0.38.Q2 2014 revenue of $786 million and EPS of $0.48 - Thomson Reuters I/B/E/S.  Full Article

Rent-A-Center Inc names Guy J. Constant as Chief Financial Officer
Tuesday, 10 Jun 2014 09:00am EDT 

Rent-A-Center Inc:Names Guy J. Constant as Chief Financial Officer as of June 16.  Full Article

Rent-A-Center declares cash dividend for the third quarter of 2014
Thursday, 8 May 2014 05:03pm EDT 

Rent-A-Center Inc:Declares $0.23 per share cash dividend for the third quarter of 2014.Payable on July 24 to common stockholders of record as of the close of business on July 2.  Full Article

Rent-A-Center Inc lowers FY 2014 revenue guidance; reaffirms FY 2014 earnings guidance
Monday, 21 Apr 2014 04:32pm EDT 

Rent-A-Center Inc:Expects 3.0 pct. to 6.0 pct. total revenue growth in FY 2014.Expects about 3.0 pct. to 5.5 pct. same store sales growth in FY 2014.Expects FY 2014 EBITDA in the range of $325-$345 mln.Expects FY 2014 diluted earnings per share (EPS) in the range of $2.30 to $2.50, including about $0.25 per share dilution related to Mexico.Reported revenue of $3.104 bln in FY 2013.FY 2014 revenue estimate of $3.253 bln and EBITDA of $326 mln - Thomson Reuters I/B/E/S.  Full Article

Rent-A-Center Inc declares cash dividend for the second quarter of 2014
Thursday, 6 Mar 2014 04:47pm EST 

Rent-A-Center Inc:Declares a $0.23 per share cash dividend for the second quarter of 2014.Payable on Apr. 24, to common stockholders of record as of the close of business on Apr. 3.  Full Article

Rent-A-Center Inc gives FY 2014 Guidance; earnings guidance below analysts' estimates
Monday, 27 Jan 2014 04:36pm EST 

Rent-A-Center Inc:Says for FY 2014, it expects 4.5 percent to 7.5 percent total revenue growth.Sees EBITDA in the range of $325 to $345 million.Sees Diluted earnings per share (EPS) in the range of $2.30 to $2.50, including about $0.25 per share dilution related to Mexico.The company reported revenues of $3.104 billion in fiscal 2013.FY 2014 revenue of $3.332 billion, EBITDA of $398 and EPS of $3.20 - Thomson Reuters I/B/E/S.  Full Article

Rent-A-Center Inc increases quarterly cash dividend from $0.21 to $0.23
Thursday, 12 Dec 2013 06:09pm EST 

Rent-A-Center Inc:Says that its board of directors has approved a 10% increase in its quarterly cash dividend from $0.21 per share to $0.23 per share, beginning with the dividend for the first quarter of 2014.Says it declared its fifteenth consecutive cash dividend: a $0.23 per share cash dividend for the first quarter of 2014 to be paid to the company's common stockholders.Says the dividend will be paid on Jan. 23, 2014, to common stockholders of record as of the close of business on Jan. 3, 2014.  Full Article

Rent-A-Center Inc Announces Management Succession
Wednesday, 13 Nov 2013 07:00am EST 

Rent-A-Center Inc announced that Mark E. Speese, co-founder of the Company, has decided to retire from his position as Chief Executive Officer, effective January 31, 2014, after twenty-seven years of service. The Company also announced that the Board of Directors has selected Robert D. Davis, the Company's current Chief Financial Officer, to become Chief Executive Officer on February 1, 2014. Mr. Davis also has been elected to the Company's Board, effective immediately.  Full Article

Rent-A-Center Inc Completes Accelerated Stock Buyback
Thursday, 24 Oct 2013 04:47pm EDT 

Rent-A-Center, Inc (the Company) announced that it has completed its $200 million accelerated stock buyback program, which was previously announced on May 2, 2013. Under the terms of the accelerated stock buyback agreement, Goldman, Sachs & Co. will have delivered a total of 5,409,339 shares to the Company at an average price of $36.97 per share, representing approximately 9.4% of the total shares outstanding when the program commenced. The accelerated stock buyback program was completed under the Company's previously authorized $1.25 billion common stock repurchase plan. The Company has $255.2 million remaining on this authorization.  Full Article

Exclusive: Aaron's spurns Rent-A-Center takeover approaches - sources

- Aaron's Inc , a U.S. electronics and furniture rental chain, has turned down several informal takeover approaches in the last 12 months from peer Rent-A-Center Inc , according to people familiar with the matter.

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