Rite Aid Stock Price, News & Analysis (NYSE:RAD)

Rite Aid trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAD."

Shares of Rite Aid reverse split before market open on Monday, April 22nd 2019. The 1-20 reverse split was announced on Wednesday, April 10th 2019. The number of shares owned by shareholders was adjusted after the closing bell on Friday, April 19th 2019. An investor that had 100 shares of Rite Aid stock prior to the reverse split would have 5 shares after the split.

Rite Aid Co. (NYSE:RAD) posted its earnings results on Thursday, September, 26th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.08 by $0.04. The firm had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.41 billion. Rite Aid had a negative net margin of 2.12% and a positive return on equity of 0.02%. The company's quarterly revenue was down 1.0% on a year-over-year basis. View Rite Aid's Earnings History.

Rite Aid is scheduled to release their next quarterly earnings announcement on Wednesday, December 18th 2019. View Earnings Estimates for Rite Aid.

Rite Aid updated its FY20 earnings guidance on Thursday, September, 26th. The company provided earnings per share guidance of $0.00-0.56 for the period, compared to the Thomson Reuters consensus earnings per share estimate of ($0.05). The company issued revenue guidance of $21.5-21.9 billion, compared to the consensus revenue estimate of $21.63 billion.

4 brokerages have issued 12 month price objectives for Rite Aid's stock. Their forecasts range from $5.00 to $20.00. On average, they anticipate Rite Aid's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 40.1% from the stock's current price. View Analyst Price Targets for Rite Aid.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 3 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View Analyst Ratings for Rite Aid.

Media stories about RAD stock have trended somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Rite Aid earned a daily sentiment score of 0.8 on InfoTrie's scale. They also gave news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View News Stories for Rite Aid.

Rite Aid saw a increase in short interest in September. As of September 30th, there was short interest totalling 16,370,000 shares, an increase of 19.8% from the August 30th total of 13,660,000 shares. Based on an average daily volume of 2,710,000 shares, the days-to-cover ratio is currently 6.0 days. Currently, 31.0% of the company's stock are sold short. View Rite Aid's Current Options Chain.

Some companies that are related to Rite Aid include Covetrus (CVET), Petmed Express (PETS), Diplomat Pharmacy (DPLO), 111 (YI), China Jo-Jo Drugstores (CJJD), HealthWarehouse.com (HEWA) and Dougherty's Pharmacy (MYDP).

Based on aggregate information from My MarketBeat watchlists, some companies that other Rite Aid investors own include Century Aluminum (CENX), Celgene (CELG), Akorn (AKRX), Bank of America (BAC), Mr. Cooper Group (COOP), Cleveland-Cliffs (CLF), Advanced Micro Devices (AMD), Lantronix (LTRX), General Electric (GE) and AK Steel (AKS).

Rite Aid's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Investors Asset Management of Georgia Inc. GA ADV (0.04%). View Institutional Ownership Trends for Rite Aid.

RAD stock was bought by a variety of institutional investors in the last quarter, including Investors Asset Management of Georgia Inc. GA ADV. View Insider Buying and Selling for Rite Aid.

Shares of RAD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RAD stock can currently be purchased for approximately $8.92.

Rite Aid has a market capitalization of $489.53 million and generates $21.64 billion in revenue each year. Rite Aid employs 51,000 workers across the globe.View Additional Information About Rite Aid.

The official website for Rite Aid is http://www.riteaid.com/.

Rite Aid's mailing address is 30 Hunter Lane, Camp Hill PA, 17105. The company can be reached via phone at 717-761-2633 or via email at [email protected]