Rite Aid (NYSE:RAD) updated its first quarter 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of – for the period. The company issued revenue guidance of $6.10 billion-$6.30 billion, compared to the consensus revenue estimate of $6.05 billion.
Shares of RAD stock traded down $0.41 on Tuesday, reaching $17.53. The company’s stock had a trading volume of 2,241,059 shares, compared to its average volume of 2,573,984. The company has a market capitalization of $965.94 million, a P/E ratio of -2.41 and a beta of 1.01. Rite Aid has a 12-month low of $8.85 and a 12-month high of $32.48. The stock’s 50 day simple moving average is $20.45 and its 200-day simple moving average is $17.99. The company has a quick ratio of 0.75, a current ratio of 1.49 and a debt-to-equity ratio of 5.27.
Rite Aid (NYSE:RAD) last issued its quarterly earnings results on Wednesday, April 14th. The company reported ($0.78) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.79) by $0.01. The firm had revenue of $5.92 billion during the quarter, compared to the consensus estimate of $5.81 billion. Rite Aid had a positive return on equity of 2.12% and a negative net margin of 1.66%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the company posted ($0.37) EPS. Research analysts expect that Rite Aid will post 0.64 EPS for the current year.
About Rite Aid
Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company operates through two segments, Retail Pharmacy and Pharmacy Services. The Retail Pharmacy segment sells prescription drugs and an assortment of other merchandise, including over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other every day and convenience products.
Recommended Story: What is the market perform rating?
Receive News & Ratings for Rite Aid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rite Aid and related companies with MarketBeat.com's FREE daily email newsletter.