Stock market today: S&P 500 drops for fifth day as focus shifts to Powell’s speech
In a turbulent market environment, UPBD stock has reached a 52-week low, with shares plummeting to $26.49. According to InvestingPro analysis, the stock appears undervalued at current levels, while maintaining a healthy 5.64% dividend yield and having raised dividends for three consecutive years. This significant downturn reflects a broader trend for Rent-A-Center Inc (NASDAQ:UPBD), which has seen its stock value decrease by 21.69% over the past year. Investors are closely monitoring the company’s performance as it navigates through the current economic headwinds, with many keeping an eye on potential rebounds or further declines in the stock’s value. The 52-week low serves as a critical marker for the company, indicating a period of heightened investor caution and potential reassessment of the stock’s long-term value. Notably, two analysts have recently revised their earnings expectations upward, and the company is expected to remain profitable this year. For deeper insights and additional ProTips about UPBD, including comprehensive valuation metrics and growth forecasts, visit InvestingPro.
In other recent news, Upbound Group, Inc. reported fourth-quarter earnings that exceeded analyst expectations, with revenue also surpassing estimates. The company posted adjusted earnings per share of $1.05, higher than the analyst consensus of $1.03. Revenue for the quarter reached $1.08 billion, above the projected $1.06 billion and marking a 1.9% increase from the previous year’s $1.079 billion. On a GAAP basis, Upbound reported diluted earnings per share of $0.55 for the fourth quarter. For the full year 2024, Upbound reported total revenue of $4.3 billion and GAAP diluted earnings per share of $2.21, with adjusted full-year EPS at $3.83. The company did not offer specific guidance for the upcoming quarter or fiscal year in its earnings release. These developments reflect the company’s ongoing performance and market position.
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