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

December 8, 2017 - By Louis Casey

 Analysts See $ 0.02 EPS for Rite Aid Corporation (RAD)
Investors sentiment decreased to 0.78 in 2017 Q2. Its down 0.46, from 1.24 in 2017Q1. It turned negative, 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.
Cetera Advisor Ltd owns 35,350 shares. Rhenman Prns Asset Mgmt Ab holds 350,000 shares. Wealthcare Cap Mngmt Lc stated it has 100 shares. Parkside Financial Bank And Trust holds 0.03% or 25,624 shares in its portfolio. Cohen Management Inc reported 0.02% in Rite Aid Corporation (NYSE:RAD). Kingstown Cap Management L P invested in 2.00M shares. Nomura Holdg stated it has 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD). Pinnacle Assocs Limited owns 38,900 shares. Point72 Asset Mgmt L P reported 0.02% stake. Wellington Shields Cap Management Lc has invested 0.02% in Rite Aid Corporation (NYSE:RAD). Iguana Health Ltd Com has invested 0.25% of its portfolio in Rite Aid Corporation (NYSE:RAD). Allsquare Wealth Management Lc holds 0% or 1,300 shares in its portfolio. Benjamin F Edwards & invested in 1,000 shares or 0% of the stock. Aperio Grp Ltd, a California-based fund reported 179,584 shares. 32,870 were reported by Manufacturers Life Insur The.

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. It closed at $1.79 lastly. It is down 55.18% since December 8, 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 stock has “Buy” rating by Vetr on Friday, August 14. On Friday, November 13 the stock rating was downgraded by JP Morgan to “Neutral”. On Wednesday, January 6 the stock rating was downgraded by Evercore to “Hold”. The stock has “Neutral” rating by Credit Suisse on Thursday, October 29. The rating was maintained by Mizuho with “Buy” on Thursday, September 17. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, October 29. The stock has “Underperform” rating by Evercore on Friday, June 30. Bank of America initiated the shares of RAD in report on Thursday, August 13 with “Buy” rating. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, October 25. The stock of Rite Aid Corporation (NYSE:RAD) earned “Hold” rating by Loop Capital on Friday, September 29.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $1.89 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 21.31 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: Fool.com which released: “Is Rite Aid Corporation Stock Now Too Cheap to Pass Up?” on November 08, 2017, also Investorplace.com with their article: “Why Now Is NOT the Time to Sell Rite Aid Corporation Stock” published on December 01, 2017, Businesswire.com published: “Rite Aid Teams Up with Dr. Jennifer Caudle to Remind People to Get Vaccinated …” on December 05, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: “Where Will Rite Aid Corporation Be in 5 Years?” published on November 19, 2017 as well as Investorplace.com‘s news article titled: “Why Rite Aid Corporation Stock Will Stage a Big Turnaround” with publication date: November 10, 2017.

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