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NYSE:RAD - Rite Aid Stock Price, Forecast & News

$15.00
+0.39 (+2.67 %)
(As of 04/1/2020 03:37 AM ET)
Today's Range
$14.35
Now: $15.00
$15.73
50-Day Range
$9.64
MA: $14.95
$18.44
52-Week Range
$5.04
Now: $15.00
$23.88
Volume3.20 million shs
Average Volume6.35 million shs
Market Capitalization$822.29 million
P/E RatioN/A
Dividend YieldN/A
Beta1.51
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment 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 provides preventative services, such as 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 and specialty pharmacy services, as well as drug benefits under the federal government's Medicare Part D program. As of April 11, 2019, the company operated 2,469 stores in 18 states. Rite Aid Corporation was founded in 1927 and is headquartered in Camp Hill, Pennsylvania.
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Rite Aid logo

Industry, Sector and Symbol

Industry Drug stores & proprietary stores
Sub-IndustryDrug Retail
SectorRetail/Wholesale
CUSIP76775410
Phone717-761-2633

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$21.64 billion
Cash Flow$13.51 per share
Book Value$21.98 per share

Profitability

Net Income$-422,210,000.00

Miscellaneous

Employees51,000
Market Cap$822.29 million
Next Earnings Date4/9/2020 (Estimated)
OptionableOptionable

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Rite Aid (NYSE:RAD) Frequently Asked Questions

How has Rite Aid's stock been impacted by COVID-19 (Coronavirus)?

Rite Aid's stock was trading at $14.13 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, RAD shares have increased by 6.2% and is now trading at $15.00. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Rite Aid?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus recommendation of "Sell." View analyst ratings for Rite Aid.

When is Rite Aid's next earnings date?

Rite Aid is scheduled to release its next quarterly earnings announcement on Thursday, April 9th 2020. View our earnings forecast for Rite Aid.

How were Rite Aid's earnings last quarter?

Rite Aid Co. (NYSE:RAD) released its quarterly earnings data on Thursday, December, 19th. The company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.09 by $0.45. The firm had revenue of $5.46 billion for the quarter, compared to analysts' expectations of $5.42 billion. Rite Aid had a positive return on equity of 1.40% and a negative net margin of 1.86%. The company's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. View Rite Aid's earnings history.

When did Rite Aid's stock split? How did Rite Aid's stock split work?

Shares of Rite Aid reverse split 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 market closes 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.

What guidance has Rite Aid issued on next quarter's earnings?

Rite Aid updated its FY 2020 Pre-Market earnings guidance on Monday, March, 16th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $21.9-21.925 billion, compared to the consensus revenue estimate of $21.66 billion.

What price target have analysts set for RAD?

3 Wall Street analysts have issued 12-month price targets for Rite Aid's stock. Their forecasts range from $12.00 to $12.00. On average, they anticipate Rite Aid's stock price to reach $12.00 in the next year. This suggests that the stock has a possible downside of 20.0%. View analysts' price targets for Rite Aid.

Has Rite Aid been receiving favorable news coverage?

News articles about RAD stock have been trending very negative this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Rite Aid earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days. View the latest news aboutRite Aid.

Are investors shorting Rite Aid?

Rite Aid saw a decrease in short interest during the month of March. As of March 13th, there was short interest totaling 15,819,100 shares, a decrease of 9.1% from the February 27th total of 17,400,000 shares. Based on an average daily trading volume, of 8,030,000 shares, the short-interest ratio is currently 2.0 days. Approximately 29.7% of the company's stock are short sold. View Rite Aid's Current Options Chain.

Who are some of Rite Aid's key competitors?

What other stocks do shareholders of Rite Aid own?

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), General Electric (GE), Lantronix (LTRX) and AK Steel (AKS).

Who are Rite Aid's key executives?

Rite Aid's management team includes the following people:
  • Ms. Jocelyn Zazyczny Konrad, Exec. VP & Chief Pharmacy Officer (Age 50)
  • Ms. Heyward Rutledge Donigan B.A., Pres CEO & Director (Age 59)
  • Mr. Matthew Schroeder, CFO & Exec. VP (Age 50)
  • Mr. James J. Peters, Chief Operating Officer (Age 48)
  • Mr. Brian Hoover, Chief Accounting Officer (Age 55)

What is Rite Aid's stock symbol?

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

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, Robinhood, Fidelity, and Charles Schwab.

What is Rite Aid's stock price today?

One share of RAD stock can currently be purchased for approximately $15.00.

How big of a company is Rite Aid?

Rite Aid has a market capitalization of $822.29 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.

What is Rite Aid's official website?

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

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 (NYSE RAD)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  780 (Vote Outperform)
Underperform Votes:  781 (Vote Underperform)
Total Votes:  1,561
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.
This page was last updated on 4/1/2020 by MarketBeat.com Staff

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