Rite Aid Corporation (NYSE:RAD) Quarterly EPS Analysis
Rite Aid Corporation (NYSE:RAD) Quarterly EPS Analysis
14 November, 2017, 12:38
As of October 13th, there was short interest totalling 183,965,577 shares, a growth of 31.7% from the September 29th total of 139,716,299 shares. Rite Aid Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Potter Myrtle S has sold 28,189 shares of Rite Aid Corporation (RAD) in trading session dated October 03, 2017.
Checking out a public company's Earnings per Share (EPS) is a smart way of assessing its profitability.
In other news, Director Myrtle S. Potter sold 28,189 shares of the business's stock in a transaction that occurred on Tuesday, October 3rd. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Earnings surprises can have a huge impact on a company's stock price. Westover Capital Advisors Llc bought 31,052 shares as the company's stock rose 1.55% with the market. State Street Corp grew its stake in Rite Aid Corporation by 6.2% during the first quarter. Stifel Financial Corp now owns 457,561 shares of the company's stock valued at $1,343,000 after acquiring an additional 190,731 shares in the last quarter. Advisor Group Inc. lifted its holdings in shares of Rite Aid Corporation by 49.8% in the second quarter. Schwab Charles Investment Management Inc. boosted its holdings in Rite Aid Corporation by 34.2% in the third quarter. Legal & General Group Plc now owns 1,655,844 shares of the company's stock valued at $3,247,000 after acquiring an additional 421,157 shares in the last quarter.
A number of other research analysts have also recently issued reports on the company. Jefferies has "Hold" rating and $29.0 target. Vetr upgraded shares of Rite Aid Corp. from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 30th.
Rite Aid Corporation (RAD) reported sales (ttm) of 32.09 Billion, whereas, 6 number of analysts estimated the mean sale of 8265.38 million. Royal Bank Of Canada began coverage on shares of Rite Aid Corporation in a research note on Tuesday, September 19th. Finally, Zacks Investment Research lowered shares of Rite Aid Corporation from a "hold" rating to a "sell" rating in a research note on Wednesday, October 4th. Royal Bank Of Canada's price objective would suggest a potential upside of 27.39% from the company's current price.
Rite Aid Corporation (RAD) ended its previous trading session at $1.57 with the Gain of 9.79%.
The Relative Volume of the company is 1.48 and Average Volume (3 months) is 25.56 million. The stock touched 52-week High of $8.77 on 01/13/17 and 52-week Low of $1.38 on 11/09/17.
Beta is also an important valuation ratio for analyzing the stock of the company, RAD has Beta of 1.72 while its industry and Sector's beta remains at 0.65 and 0.71 respectively. Rite Aid Corporation (NYSE:RAD) has a 20-Day average volume of 22.04 Million. They expect $-0.02 earnings per share, down 200.00% or $0.04 from last year's $0.02 per share. Ruggie Capital Grp has invested 0% in Rite Aid Corporation (NYSE:RAD). When it comes to net revenue, the average estimate from a total of 3 analysts is 7.46 billion - compared to $8.09 billion posted in the year-ago period. During the same quarter in the prior year, the firm posted $0.03 earnings per share.
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Rite Aid Corporation is a retail drugstore chain. The Company's divisions include Retail Pharmacy and Pharmacy Services. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: "Why It Can Still Get Worse for Rite Aid Corporation Stock" published on October 25, 2017 as well as Investorplace.com's news article titled: "The Rite Aid Corporation Stock Comeback Is Not Going To Happen" with publication date: November 03, 2017. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia.
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