Rite Aid Corporation (RAD) Analysts See $-0.02 EPS

December 14, 2017 - By Winifred Garcia

 Rite Aid Corporation (RAD) Analysts See $ 0.02 EPS
Investors sentiment decreased to 0.78 in 2017 Q2. Its down 0.46, from 1.24 in 2017Q1. It fall, as 85 investors sold Rite Aid Corporation shares while 96 reduced holdings. 50 funds opened positions while 91 raised stakes. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported.
272,580 are held by Cibc Markets Inc. The Maryland-based Park Circle has invested 0.99% in Rite Aid Corporation (NYSE:RAD). Moreover, Ameriprise Financial has 0% invested in Rite Aid Corporation (NYSE:RAD) for 185,448 shares. Pinnacle Assoc Limited has 0% invested in Rite Aid Corporation (NYSE:RAD). Rhumbline Advisers has invested 0.01% in Rite Aid Corporation (NYSE:RAD). Scotia Cap holds 0% in Rite Aid Corporation (NYSE:RAD) or 17,450 shares. Moreover, Brave Asset Mgmt Inc has 0.04% invested in Rite Aid Corporation (NYSE:RAD) for 25,000 shares. Dupont Cap Corp invested in 0.01% or 83,300 shares. Private Savings Bank invested in 0.02% or 59,500 shares. 443,377 were accumulated by Diversified Invest Strategies Ltd Llc. 37,650 were reported by Smithfield Trust. Greenlight reported 16.78 million shares or 0.8% of all its holdings. Tru Comm Of Vermont holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 9,000 shares. Institute For Wealth Ltd Llc stated it has 70,780 shares. Barclays Public Ltd holds 0% or 198,529 shares.

Since October 3, 2017, it had 0 insider purchases, and 1 sale for $58,915 activity.

Analysts expect Rite Aid Corporation (NYSE:RAD) to report $-0.02 EPS on December, 28.They anticipate $0.04 EPS change or 200.00 % from last quarter’s $0.02 EPS. After having $-0.01 EPS previously, Rite Aid Corporation’s analysts see 100.00 % EPS growth. The stock increased 1.10% or $0.02 during the last trading session, reaching $1.83. About 16.50M shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since December 14, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 23 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Thursday, October 29 by Goldman Sachs. The stock of Rite Aid Corporation (NYSE:RAD) has “Neutral” rating given on Friday, October 6 by Mizuho. On Friday, June 30 the stock rating was reinitiated by Bank of America with “Underperform”. RBC Capital Markets maintained the stock with “Hold” rating in Wednesday, October 25 report. The rating was maintained by Loop Capital with “Hold” on Friday, September 29. Mizuho maintained Rite Aid Corporation (NYSE:RAD) on Thursday, September 17 with “Buy” rating. The stock of Rite Aid Corporation (NYSE:RAD) earned “Neutral” rating by Credit Suisse on Thursday, October 29. Guggenheim downgraded Rite Aid Corporation (NYSE:RAD) on Wednesday, April 26 to “Neutral” rating. Evercore downgraded Rite Aid Corporation (NYSE:RAD) on Wednesday, January 6 to “Hold” rating. Vetr upgraded Rite Aid Corporation (NYSE:RAD) on Friday, August 14 to “Buy” rating.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $1.93 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 21.79 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Seekingalpha.com which released: “Rite Aid: Prefer The Bonds Over The Stock” on November 15, 2017, also Businesswire.com with their article: “Rite Aid to Release Third Quarter Results on Jan. 3” published on December 13, 2017, Seekingalpha.com published: “Rite Aid and Walgreen begin store transfer process” on November 27, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Businesswire.com and their article: “Rite Aid Teams Up with Dr. Jennifer Caudle to Remind People to Get Vaccinated …” published on December 05, 2017 as well as Investorplace.com‘s news article titled: “Why Now Is NOT the Time to Sell Rite Aid Corporation Stock” with publication date: December 01, 2017.

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