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
Stock Exchange NYSE
Industry Drug stores & proprietary stores
Sub-IndustryDrug Retail
SectorRetail/Wholesale
SymbolNYSE:RAD
CUSIP76775410
Phone717-761-2633
Debt
Debt-to-Equity Ratio2.41
Current Ratio1.62
Quick Ratio0.94
Price-To-Earnings
Trailing P/E Ratio-50.50
Forward P/E Ratio-101.00
P/E GrowthN/A
Sales & Book Value
Annual Sales$21.53 billion
Price / Sales0.05
Cash Flow$0.5872 per share
Price / Cash1.72
Book Value$1.37 per share
Price / Book0.74
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$943.47 million
Net Margins3.26%
Return on Equity-1.97%
Return on Assets-0.30%
Miscellaneous
Employees59,000
Outstanding Shares1,066,570,000
Market Cap$1.08 billion
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) announced its earnings results on Thursday, September, 27th. The company reported ($0.01) earnings per share for the quarter, hitting the Zacks' consensus estimate of ($0.01). The company earned $5.42 billion during the quarter, compared to the consensus estimate of $5.36 billion. Rite Aid had a net margin of 3.26% and a negative return on equity of 1.97%. The company's revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.01) earnings per share. 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 issued an update on its FY19 earnings guidance on Thursday, September, 27th. The company provided earnings per share (EPS) guidance of ($0.03) - $0.01 for the period, compared to the Thomson Reuters consensus estimate of ($0.03). The company issued revenue guidance of $21.7-22.1 billion, compared to the consensus revenue estimate of $21.79 billion.
What price target have analysts set for RAD?
7 equities research analysts have issued twelve-month target prices for Rite Aid's stock. Their predictions range from $1.00 to $6.00. On average, they anticipate Rite Aid's stock price to reach $2.1071 in the next twelve months. This suggests a possible upside of 108.6% from the stock's current price. View Analyst Price Targets for Rite Aid.
What is the consensus analysts' recommendation for Rite Aid?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rite Aid in the last year. There are currently 2 sell ratings and 5 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Rite Aid.
Are investors shorting Rite Aid?
Rite Aid saw a decrease in short interest in September. As of September 28th, there was short interest totalling 159,072,458 shares, a decrease of 1.9% from the September 14th total of 162,181,326 shares. Based on an average daily trading volume, of 13,430,683 shares, the days-to-cover ratio is presently 11.8 days. Currently, 15.1% of the company's shares are sold short. View Rite Aid's Current Options Chain.
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. Kermit Ray Crawford, Pres & COO (Age 59)
- Mr. Darren Wayne Karst, Sr. EVP, CFO & Chief Admin. Officer (Age 58)
- Ms. Jocelyn Zazyczny Konrad, Exec. VP of Pharmacy (Age 48)
- Mr. Bryan B. Everett, Chief Operating Officer of Rite Aid Stores (Age 45)
Who are Rite Aid's major shareholders?
Rite Aid's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include NJ State Employees Deferred Compensation Plan (0.03%) and New Jersey Better Educational Savings Trust (0.01%). View Institutional Ownership Trends for Rite Aid.
Which major investors are buying Rite Aid stock?
RAD stock was bought by a variety of institutional investors in the last quarter, including NJ State Employees Deferred Compensation Plan and New Jersey Better Educational Savings Trust. 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 $1.01.
How big of a company is Rite Aid?
Rite Aid has a market capitalization of $1.08 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.
What is Rite Aid's official website?
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)
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.
