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Rent-A-Center Inc (RCII.OQ)

RCII.OQ on NASDAQ Stock Exchange Global Select Market

8.76USD
23 Mar 2017
Change (% chg)

$0.05 (+0.57%)
Prev Close
$8.71
Open
$8.70
Day's High
$8.79
Day's Low
$8.66
Volume
21,994
Avg. Vol
507,685
52-wk High
$16.02
52-wk Low
$7.76

Latest Key Developments (Source: Significant Developments)

Glenn W. Welling reports 13.7 pct stake in Rent-A-Center as of March 15
Wednesday, 15 Mar 2017 05:17pm EDT 

Rent-a-center Inc :Glenn w. Welling reports 13.7 percent stake in rent-a-center inc as of march 15, 2017 versus 9.9 percent as of february 23, 2017 - sec filing.  Full Article

Rent-A-Center says on March 2 Board designated Steven L. Pepper as lead independent director
Thursday, 9 Mar 2017 05:50pm EST 

Rent-A-Center Inc : On March 2 board designated Steven L. Pepper as lead independent director of board effective immediately - SEC filing . On March 7 company made a mandatory $141.9 million payment on term loans, as required by current credit agreement - SEC filing .Mark E. Speese, Chairman of Board and Interim CEO of co, assumed his position as Interim Ceo in January of this year.  Full Article

Rent-A-Center inc's U.S. same store sales down 11.5 pct
Wednesday, 1 Mar 2017 05:31pm EST 

Rent-a-center Inc : Rent-A-Center Inc - January core u.s. Same store sales down 11.5% . January same store sales up 2.5pct for acceptance now . Also announced that it is modifying methodology it uses to calculate same store sales, beginning in 2017 .Rent-A-Center - change in methodology favorably impacted core U.S., acceptance now segments in Jan. 2017 same store sales by about 50 basis points.  Full Article

Engaged Capital Llc purchased Rent-A-Center shares
Monday, 30 Jan 2017 08:45am EST 

Rent-A-Center Inc : Engaged Capital Llc - purchased rent-a-center shares based on belief that the shares, when purchased, were undervalued . Engaged Capital Llc - reports 9.9 percent stake in rent-a-center as of January 19, 2017 .Engaged Capital - have engaged, and intend to continue to engage, in communications with rent-a-center regarding means to create stockholder value.  Full Article

Classic Fund Management Aktiengesellschaft reports a 5.97 pct passive stake in Rent-A-Center Inc as of Dec 31, 2016
Monday, 23 Jan 2017 09:51am EST 

Rent-A-Center Inc :Classic Fund Management Aktiengesellschaft reports a 5.97 percent passive stake in Rent-A-Center Inc as of Dec 31, 2016 - SEC filing.  Full Article

Rent-A-Center Inc sees core U.S. Same store sales for three months ended Dec. 31, 2016 to be down about 14%
Wednesday, 18 Jan 2017 04:00pm EST 

Rent-a-center Inc : Rent-A-Center, inc. Announces selected preliminary fourth quarter 2016 financial information . Rent-A-Center inc - estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - company estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - company estimates core u.s. Same store sales for three months ended december 31, 2016 to be down approximately 14% . Rent-A-Center inc - estimates q4 2016 diluted losses per share on both a gaap basis and excluding special items are expected to be between $0.20 and $0.30 . Rent-A-Center inc - sees acceptance now same store sales to be up 1-2% for three months ended december 31, 2016 .Rent-A-Center inc - "company was heavily promotional which also impacted quarter".  Full Article

Rent-A-Center names Mark Speese as interim CEO
Monday, 9 Jan 2017 08:01pm EST 

Rent-a-center Inc : Rent-A-Center, Inc announces management transition . Says Mark E. Speese appointed interim CEO . Announced resignation of Robert D. Davis as chief executive officer and director effective immediately .Says board of directors announced that it will conduct a search process to find a highly qualified candidate for CEO.  Full Article

Rent-A-Center declares cash dividend
Thursday, 8 Dec 2016 04:10pm EST 

Rent-A-Center Inc :Board of directors has declared a quarterly cash dividend of $0.08 per share on its common stock.  Full Article

Rent-A-Center names Maureen Short as interim CFO
Monday, 5 Dec 2016 05:13pm EST 

Rent-a-center Inc : Guy J. Constant resigned his position as CFO of Rent-A-Center Inc effective as of Dec. 2, 2016 .Maureen Short will serve as interim CFO, effectively immediately.  Full Article

Rent-A-Center Inc qtrly adjusted earnings per share $0.41
Wednesday, 27 Jul 2016 04:15pm EDT 

Rent-a-center Inc : Sees 2016 acceptance now revenue of $805 million to $835 million . Qtrly core U.S. Q2 revenues of $530.6 million decreased 10.6 percent year over year . Q2 earnings per share $0.19 . Sees FY 2016 non-GAAP earnings per share $1.65 to $1.85 . Q2 revenue $749.6 million versus i/b/e/s view $782.1 million . Q2 earnings per share view $0.49 -- Thomson Reuters I/B/E/S . Sees 2016 core revenue down 8.5% to 11.5% and core same store sales down 5% to 8% . qtrly core u.s. Revenue decreased by 10.6 percent . qtrly core u.s. Same store sales decreased by 6.7 percent . point of sale implementation negatively impacted core revenue in q2, reduced portfolio making it necessary to revise outlook for year . Fy2016 earnings per share view $2.02, revenue view $3.17 billion -- Thomson Reuters I/B/E/S .Qtrly adjusted earnings per share $0.41.  Full Article

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BRIEF-Rent-A-Center reports key operating metrics for February

* In Acceptance NOW, February same store sales were impacted by a delay in tax refunds