NEW YORK (TheStreet) -- Rent-A-Center (RCII) shares are up 14% to $29.38 in trading on Tuesday.
The increase follows the release of the rent to own retailer's positive first quarter earnings report.
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Total revenues for the first quarter were $833.7 million, a 1.8% increase from the year ago first quarter of $819.3 million. Revenue beat analysts estimates of $794.7 million by 4.9%.
Adjusted net earnings per diluted share were 57 cents, missing analysts estimates of 60 cents per share for the quarter.
TheStreet Ratings team rates RENT-A-CENTER INC as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate RENT-A-CENTER INC (RCII) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: