About Rite Aid (NYSE:RAD)
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. It operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and a range of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products. It also operates retail clinics that provide treatment for common conditions; and a range of preventive services comprising screenings, medical tests, immunizations, and basic physical exams. In addition, this segment offers healthcare coaching and disease management services. The Pharmacy Services segment provides pharmacy benefit management (PBM) services and a range of pharmacy-related services. This segment also performs prescription adjudication services for other PBMs; and offers integrated mail-order, specialty and compounding pharmacy, and infertility treatment services, as well as drug benefits under the federal government's Medicare Part D program. As of April 12, 2018, the company operated approximately 2,548 stores in 19 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
Industry, Sector and Symbol
Industry Drug stores & proprietary stores
Sub-IndustryDrug Retail
SectorRetail/Wholesale
SymbolNYSE:RAD
CUSIP76775410
Phone717-761-2633
Debt
Debt-to-Equity Ratio2.11
Current Ratio1.37
Quick Ratio0.85
Price-To-Earnings
Trailing P/E Ratio-89.00
Forward P/E Ratio44.50
P/E GrowthN/A
Sales & Book Value
Annual Sales$21.53 billion
Price / Sales0.09
Cash Flow$0.5875 per share
Price / Cash3.03
Book Value$1.50 per share
Price / Book1.19
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$943.47 million
Net Margins3.60%
Return on Equity-8.25%
Return on Assets-0.71%
Miscellaneous
Employees59,000
Outstanding Shares1,067,390,000
Rite Aid (NYSE:RAD) Frequently Asked Questions
What is Rite Aid's stock symbol?
Rite Aid trades on the New York Stock Exchange (NYSE) under the ticker symbol "RAD."
How were Rite Aid's earnings last quarter?
Rite Aid Co. (NYSE:RAD) issued its earnings results on Thursday, April, 12th. The company reported ($0.01) earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.01. The firm had revenue of $5.39 billion for the quarter, compared to analyst estimates of $5.75 billion. Rite Aid had a net margin of 3.60% and a negative return on equity of 8.25%. The company's quarterly revenue was down 8.6% compared to the same quarter last year. View Rite Aid's Earnings History.
When is Rite Aid's next earnings date?
What guidance has Rite Aid issued on next quarter's earnings?
Rite Aid updated its FY19 earnings guidance on Thursday, April, 12th. The company provided EPS guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.03. The company issued revenue guidance of $21.7-22.1 billion, compared to the consensus revenue estimate of $21.73 billion.
What price target have analysts set for RAD?
8 Wall Street analysts have issued 12 month price objectives for Rite Aid's stock. Their predictions range from $1.50 to $4.70. On average, they expect Rite Aid's stock price to reach $2.3063 in the next year. View Analyst Ratings for Rite Aid.
Are investors shorting Rite Aid?
Rite Aid saw a increase in short interest in the month of May. As of May 31st, there was short interest totalling 155,351,909 shares, an increase of 5.4% from the May 15th total of 147,439,730 shares. Based on an average daily trading volume, of 8,108,499 shares, the short-interest ratio is currently 19.2 days. Approximately 14.7% of the company's shares are sold short.
Who are some of Rite Aid's key competitors?
Who are Rite Aid's key executives?
Rite Aid's management team includes the folowing people:
- Mr. John T. Standley, Chairman & CEO (Age 55)
- Mr. Darren W. Karst, Sr. Exec. VP, CFO & Chief Admin. Officer (Age 58)
- Mr. Bryan Everett, Chief Operating Officer of Rite Aid Stores (Age 45)
- Mr. Kermit R. Crawford, Pres & COO (Age 59)
- Mr. Douglas Elwood Donley, Sr. VP & Chief Accounting Officer (Age 56)
Has Rite Aid been receiving favorable news coverage?
Media coverage about RAD stock has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rite Aid earned a media sentiment score of 0.13 on Accern's scale. They also assigned media headlines about the company an impact score of 45.77 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Rite Aid's major shareholders?
Rite Aid's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Franklin Resources Inc. (4.81%), OppenheimerFunds Inc. (4.70%), BlackRock Inc. (4.10%), Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp (1.76%), Alpine Associates Management Inc. (0.94%) and Dimensional Fund Advisors LP (0.63%). View Institutional Ownership Trends for Rite Aid.
Which institutional investors are selling Rite Aid stock?
RAD stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., UBS Group AG, Gabelli Funds LLC, California Public Employees Retirement System, SG Americas Securities LLC, Symons Capital Management Inc., New York State Common Retirement Fund and Teacher Retirement System of Texas. View Insider Buying and Selling for Rite Aid.
Which institutional investors are buying Rite Aid stock?
RAD stock was acquired by a variety of institutional investors in the last quarter, including Alpine Associates Management Inc., Franklin Resources Inc., Millennium Management LLC, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp, Dimensional Fund Advisors LP, Interval Partners LP, Nuveen Asset Management LLC and BlackRock Inc.. View Insider Buying and Selling for Rite Aid.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is Rite Aid's stock price today?
One share of RAD stock can currently be purchased for approximately $1.78.
How big of a company is Rite Aid?
Rite Aid has a market capitalization of $1.90 billion and generates $21.53 billion in revenue each year. The company earns $943.47 million in net income (profit) each year or ($0.02) on an earnings per share basis. Rite Aid employs 59,000 workers across the globe.
How can I contact Rite Aid?
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]
MarketBeat Community Rating for Rite Aid (RAD)
MarketBeat's community ratings are surveys of what our community members think about Rite Aid and other stocks. Vote "Outperform" if you believe RAD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RAD will underperform the S&P 500 over the long term. You may vote once every thirty days.
