New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 11, 2014
11:19 EDTCONN, AAN, RCIIRent-A-Center plummets after Q2 profit warning
Shares of rent-to-own operator Rent-A-Center (RCII) are sinking after the company’s second quarter profit outlook significantly trailed analysts’ consensus estimates. WHAT'S NEW: Last night, Rent-A-Center forecast Q2 adjusted earnings per share of 36c-38c and revenue of $773M, far short of the consensus views of 48c and $786.4M, respectively. The company’s CEO Robert Davis said, “Macro-economic pressures continue to burden our financially constrained customers contributing to softer than expected demand in our U.S. business segments. Consequently, revenue and earnings for Q2 will not meet expectations. We are not satisfied with our Q2 results and hold ourselves accountable for improving our performance. To that end, we are excited to announce a new product line in our domestic retail stores with our entrance into the burgeoning smartphone business.” WHAT’S NOTABLE: The company’s smartphone rollout offers consumers nationwide one-stop shopping for a variety of name-brand smartphones and no-contract plans, a rent-to-own industry first, the company said. PRICE ACTION: In late morning trading, Rent-A-Center fell $3.22, or about 11%, to $25.86 on more than twice its average daily trading volume. Including today’s pull back, the stock has lost approximately 36% over the past twelve months. OTHERS TO WATCH: Other companies that provide leasing and rent-to-own arrangements of consumer products include Aaron’s (AAN), which is down 3.3%, and CONN’S (CONN), which is down 3.5%.
News For RCII;AAN;CONN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
March 30, 2015
15:24 EDTCONNNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include SAIC (SAIC), consensus 71c... Conn's (CONN), consensus 63c... Movado (MOV), consensus 20c... Dangdang (DANG), consensus 6c.
08:20 EDTCONNConn's April volatility elevated into Q4 and outlook
Subscribe for More Information
March 27, 2015
10:03 EDTCONNOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:26 EDTCONNOn The Fly: Pre-market Movers
Subscribe for More Information
06:54 EDTCONNConn's upgraded to Overweight from Neutral at Piper Jaffray
Piper Jaffray upgraded Conn's to Overweight with a $38 price target saying portfolio stability will drive earnings upside.
March 24, 2015
11:14 EDTCONNConn's April volatility elevated into Q4 and outlook
Conn's April call option implied volatility is at 87, May is at 67, July is at 64, October is at 59; compared to its 26-week average of 62 according to Track Data, suggesting large near term price movement into the expected release of Q4 results on March 31.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use