Gilford Securities Leaves Rent-A-Center Hold Rating Unchanged (RCII)

Gilford Securities left its Rent-A-Center RCII Hold rating unchanged in a research report published today. In the report, Gilford Securities states, " RCII missed 1Q11 expectations by a wide margin. The company reported revenue of $742.2m, an increase of 3.3% compared to last year and driven by a prior acquisition for its RAC Acceptance business. Same-store sales increased by 0.1% compared to guidance of 1.5-2.5%. Adjusted EPS increased by 1.6% to $0.79, excluding two extraordinary pre-tax charges." Shares of Rent-A-Center were trading at $30.27 at the time of posting, up 0.20% from Tuesday's market close.