Rite Aid Corp. (RAD) Set to Announce Earnings on Thursday
Rite Aid Corp. (NYSE:RAD) is scheduled to be posting its Q2 2014 quarterly earnings results on Thursday, September 19th. Investors interested in listening to the company’s conference call can do so using this link.
Rite Aid Corp. (NYSE:RAD) last released its earnings data on Thursday, June 20th. The company reported $0.09 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.09. The company had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect Rite Aid Corp. to post $0.14 EPS for the current fiscal year and $0.25 EPS for the next fiscal year.
Shares of Rite Aid Corp. (NYSE:RAD) opened at 3.70 on Wednesday. Rite Aid Corp. has a 1-year low of $0.95 and a 1-year high of $3.75. The stock’s 50-day moving average is $3.38 and its 200-day moving average is $2.73. The company has a market cap of $3.366 billion and a price-to-earnings ratio of 14.81. Rite Aid Corp. also was the target of unusually large options trading on Monday. Stock traders bought 10,198 put options on the stock. This represents an increase of approximately 262% compared to the typical daily volume of 2,815 put options.
A number of research firms have recently commented on RAD. Analysts at Raymond James raised their price target on shares of Rite Aid Corp. (NYSE:RAD) from $3.50 to $4.00 in a research note to investors on Friday, September 6th. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Rite Aid Corp. (NYSE:RAD) in a research note to investors on Wednesday, July 24th. They now have a $3.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “neutral” rating on shares of Rite Aid Corp. (NYSE:RAD) in a research note to investors on Friday, June 21st. They now have a $2.90 price target on the stock.
Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Rite Aid Corp. currently has an average rating of “Hold” and an average target price of $2.70.
Rite Aid Corporationis a retail drugstore chain in the United States. As of March 3, 2012, the Company operated drugstores in 31 states across the country and in the District of Columbia.
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