Rite Aid Corporation (NYSE:RAD) Scorching Stock in Action
Rite Aid Corporation (NYSE:RAD) Scorching Stock in Action
26 October, 2017, 20:55
Previously Rite Aid Corp (NYSE:RAD) reported $-0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $-0.01 by $0. Gabelli Securities Inc sold 1.57M shares as the company's stock declined 41.75% while stock markets rallied.
More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Fool.com which released: "Here's Why the Worst Is Yet to Come for Rite Aid Corporation" on October 11, 2017, also Investorplace.com with their article: "In the Saga of Rite Aid Corporation, Amazon Plays Godot" published on October 18, 2017, Businesswire.com published: "Kermit Crawford Joins Rite Aid as President and Chief Operating Officer of ..." on September 28, 2017. It is negative, as 85 investors sold RAD shares while 96 reduced holdings.
Ally Financial Inc.is a digital financial services company. The company was downgraded on Friday, April 8 by Deutsche Bank. Alliancebernstein L.P. increased its holdings in Rite Aid Corporation by 95.9% during the first quarter. The stock has "Buy" rating by Jefferies on Tuesday, August 22. Principal Financial Group Inc. increased its holdings in Rite Aid Corporation by 20.9% during the first quarter. The stock of Ally Financial Inc (NYSE:ALLY) has "Buy" rating given on Monday, October 16 by Citigroup. The stock declined 1.12% or $0.02 reaching $1.77 per share. Institutional investors and hedge funds own 52.86% of the company's stock. Camber Capital Mngmt holds 5.00 million shares or 0.72% of its portfolio.
Rite Aid Corporation (RAD) now the company's industry has 12.42 P/E and the sector P/E is 16.35.
Additionally on 9/19/17 RBC Capital "Initiates Coverage On" Rite Aid Corp (NYSE:RAD) to Sector Perform setting price target at $2.5 and on 9/12/17 Loop Capital "Initiates Coverage On" the stock to Hold at $2.5.
The company reported its EPS on 8/30/2017. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell. The company presently has an average rating of "Hold" and a consensus price target of $3.73. If you are viewing this report on another site, it was copied illegally and republished in violation of USA and worldwide trademark & copyright laws.
Let's have a look at some of the important valuation ratios of the Rite Aid Corporation (RAD). The firm's 50-day moving average is $2.14 and its 200-day moving average is $2.87.
Rite Aid Corporation (NYSE:RAD), stock is trading $8.77 above the 52-week high and has displayed a high EPS growth of 15.00% in last 5 years. The company beat the analyst EPS Estimate with the difference of $-0.02. Furthermore on 7/20/17 Mizuho "Downgrades" the stock to Neutral at $0. The firm had revenue of $7.68 billion during the quarter, compared to analyst estimates of $7.83 billion. However the company reported $0.02 earnings per share for the same quarter during a year ago. The business's revenue for the quarter was down 4.4% compared to the same quarter past year.
Rite Aid Corp (NYSE:RAD)'s revenue estimates for the current quarter are $7.46 Billion according to 3 number of analysts, for the current quarter the company has high revenue estimates of $7.78 Billion in contradiction of low revenue estimates of $6.98 Billion.
Rite Aid Corporation is a retail drugstore chain. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia.
A month ago, they told us to expect earnings of US$0.39 per share while three months ago their EPS consensus estimate was US$0.47. Also Nasdaq.com published the news titled: "Cincinnati Financial (CINF) Q3 Earnings: Cat Losses to Hurt?" on October 24, 2017.
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The process involves spotting the amount of risk involved and either accepting or mitigating the risk linked with an investment. The company reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.24) by $0.16.
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The biggest holder now is George Fellows who owns 447,537 shares (0.47% of those outstanding), whilst Oliver G. Insiders sold a total of 281,113 shares of company stock worth $3,792,388 over the last ninety days.
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