Rent-A-Center, Inc. Declares Quarterly Cash Dividend Payable on April 23, 2015
Mar 5 15
Rent-A-Center, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.24 per share on its common stock. The dividend will be payable on April 23, 2015, to common stockholders of record as of the close of business on April 2, 2015.
Rent-A-Center, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 10:25 AM
Mar 2 15
Rent-A-Center, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 10:25 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States.
Rent-A-Center, Inc. Names Ralph Hodges Divisional Vice President
Feb 26 15
Rent-A-Center, Inc. announced the appointment of Ralph Hodges to divisional vice president. Reporting to Jeff White, executive vice president, Hodges is charged with overseeing 500 locations in the Company’s midwest division. With over 17 years of operations leadership experience within the financial-services and retail industries, Hodges most recently served as divisional vice president at Axcess Financial, the affiliates of which include Check n’ Go, Allied Cash Advance, Cheque Centre and Cash Generator.
Rent-A-Center, Inc. Plan to Open 1,150 New Virtual Locations in the Latter Half of 2015
Feb 3 15
Rent-A-Center, Inc. expected to deliver on that expectation by beginning the rollout of the virtual kiosk in the second half of 2015 with a plan to open 1,150 new virtual locations in the latter half of 2015.
Rent-A-Center, Inc. Announces Unaudited Consolidated Earnings Results for Fourth Quarter and Full Year Ended Dec. 31, 2014; Provides Earnings Guidance for 2015
Feb 2 15
Rent-A-Center, Inc. announced unaudited consolidated earnings results for fourth quarter and full year ended Dec. 31, 2014. For the quarter, the company reported total revenues of $796,534,000, operating profit of $47,694,000, earnings before income taxes of $35,295,000, net earnings of $25,550,000 or $0.48 per diluted share compared to the total revenues of $766,175,000, operating profit of $34,669,000, earnings before income taxes of $23,970,000, net earnings of $13,237,000 or $0.25 per diluted share for the same quarter a year ago. Adjusted EBITDA was $63,301,000 compared to $334,989,000 a year ago.
For the year, the company reported total revenues of $3,157,796,000, operating profit of $193,462,000, earnings before income taxes of $142,353,000, net earnings of $96,422,000 or $1.81 per diluted share compared to the total revenues of $3,094,018,000, operating profit of $247,009,000, earnings before income taxes of $208,196,000, net earnings of $128,757,000 or $2.33 per diluted share for the previous year.
The company provided earnings guidance for 2015. For the year, diluted earnings per share is expected to range between $2.05 and $2.30, including 10 to 12 cents dilution related to Mexico operations. The company project 2015 consolidated total revenue growth of 3% to 6%, or between $3.250 billion and $3.350 billion driven by Core Same Store Sales of negative 1% to positive 1%. The company expected 2015 acceptance now total revenues between 800 and 825 million dollars, including. Gross profit as a percent of total revenues is expected to be down 50 to 100 basis points. Depreciation and amortization is expected to be between $80 million and $90 million. Capital expenditures are expected to be between $70 million to $80 million. Annual effective tax rate of 38% to 38.5%. Free cash flow is expected to be approximately $100 million.