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 Ratio1.75
Current Ratio1.49
Quick Ratio0.85
Price-To-Earnings
Trailing P/E Ratio-91.25
Forward P/E Ratio46.75
P/E GrowthN/A
Sales & Book Value
Annual Sales$21.53 billion
Price / Sales0.09
Cash Flow$0.6032 per share
Price / Cash3.10
Book Value$1.50 per share
Price / Book1.25
Profitability
EPS (Most Recent Fiscal Year)($0.02)
Net Income$943.47 million
Net Margins5.18%
Return on Equity-2.88%
Return on Assets-0.36%
Miscellaneous
Employees59,000
Outstanding Shares1,066,810,000
Market Cap$1,941.59
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) posted its quarterly earnings results on Wednesday, June, 27th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.00. The company had revenue of $5.39 billion for the quarter, compared to the consensus estimate of $5.32 billion. Rite Aid had a negative return on equity of 2.88% and a net margin of 5.18%. Rite Aid's revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.05) 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 updated its FY19 earnings guidance on Wednesday, June, 27th. The company provided earnings per share (EPS) guidance of $0.02-0.06 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $21.70-22.10 billion, compared to the consensus revenue estimate of $21.65 billion.
What price target have analysts set for RAD?
7 Wall Street analysts have issued 1 year price objectives for Rite Aid's shares. Their predictions range from $1.50 to $2.35. On average, they anticipate Rite Aid's share price to reach $2.0143 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View Analyst Ratings 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 1 sell rating, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
Are investors shorting Rite Aid?
Rite Aid saw a increase in short interest in the month of June. As of June 29th, there was short interest totalling 168,149,070 shares, an increase of 5.9% from the June 15th total of 158,846,719 shares. Based on an average daily trading volume, of 27,494,329 shares, the days-to-cover ratio is currently 6.1 days. Approximately 16.0% of the shares of the stock 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. Exec. VP, CFO & Chief Admin. Officer (Age 58)
- Ms. Jocelyn Zazyczny Konrad, Exec. VP of Pharmacy (Age 48)
- Mr. Bryan Everett, Chief Operating Officer of Rite Aid Stores (Age 45)
Has Rite Aid been receiving favorable news coverage?
Media coverage about RAD stock has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. 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 0.14 on Accern's scale. They also gave news headlines about the company an impact score of 45.86 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.
Who are Rite Aid's major shareholders?
Rite Aid's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Creative Planning (0.05%), Xact Kapitalforvaltning AB (0.02%) and Amalgamated Bank (0.01%). View Institutional Ownership Trends for Rite Aid.
Which institutional investors are selling Rite Aid stock?
Which institutional investors are buying Rite Aid stock?
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 $1.86.
How big of a company is Rite Aid?
Rite Aid has a market capitalization of $1.94 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 (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.
