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RAD

Rite Aid Corporation

Healthcare

Set alert

Price alert · RAD

All alert types
0.65 0.00 0.00%
As of Oct 13, 2023
0.645 Day range 0.80

52-week range unavailable

Open
0.7615
Prev close
0.6483
Mkt cap
36.76M
Vol
2.43M
Avg vol
0
EPS
0.00
P/E
0.00
Div yield
0.00%
More statistics
Low
0.645
High
0.80
Forward P/E
-0.23
Beta
1.29
Short ratio
2.68
Inst. own
49.34%
Dividend
0.00
Ex-div date
Oct 13, 1999
Earnings
Oct 19, 2023
50-d avg
0.63458
200-d avg
1.95
1y target
1.00

2Y chart

Chart tools
Interval
RAD two-year price chart0.123.997.8711.715.6Nov 21Apr 22Aug 22Jan 23Jun 23Nov 23

Key statistics

Market cap
36.76M
Enterprise value
6.08B
Trailing P/E
0.00
Forward P/E
-0.23
PEG ratio
0.01
Price / sales
0.00
Price / book
0.00
EPS (TTM)
-14.34
Beta
1.29
Dividend yield
0.00%
Payout ratio
0.00%
Profit margin
-3.99%
Revenue (TTM)
23.73B
Revenue growth
-6.00%
Free cash flow
-39.43M
Total cash
140.17M
Total debt
6.18B
Return on equity
0.00%
Shares outstanding
56.70M
Short % of float
32.13%
50-day average
0.63458
200-day average
1.95

Analyst view

Consensus: underperform

Underperform
Price target (mean) 1.00
Ratings (0m) 8 1 buy · 7 hold · 0 sell
  • Strong buy0
  • Buy1
  • Hold7
  • Sell0
  • Strong sell0

Next earnings

Oct 19, 2023

Expected Oct 19, 2023. Consensus EPS estimate -1.71.

Earnings history

Financials — quick view

All financials
RAD Revenue — quarterly 5.65B
2019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-30
RAD Net income — quarterly -306.72M
2019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-30
RAD EPS — quarterly -5.56
2019-09-302019-12-312020-03-312020-06-302020-09-302020-12-312021-03-312021-06-302021-09-302021-12-312022-03-312022-06-302022-09-302022-12-312023-03-312023-06-30

Earnings

RAD recent earnings
Report dateQuarter endingEPS estimateEPS reportedSurpriseSurprise %
Oct 19, 2023Aug 1, 2023-1.35———
Jun 29, 2023May 1, 2023-1.49———
Apr 20, 2023Feb 1, 2023-0.77———
Dec 21, 2022Nov 1, 2022-0.32———
Sep 29, 2022Aug 1, 2022-0.46———
Jun 23, 2022May 1, 2022-0.70———

Upgrades / downgrades

RAD analyst upgrades and downgrades
DateFirmActionFromTo
Apr 26, 2023Deutsche Bankmain—Sell
Oct 2, 2022Deutsche Bankmain—Sell
Sep 29, 2022Evercore ISI Groupmain—Underperform
Jun 2, 2022Deutsche Bankmain—Sell
Apr 6, 2022Deutsche BankdownHoldSell
Jun 24, 2021JP MorgandownNeutralUnderweight

About Rite Aid Corporation

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 provides various other pharmacy services and an assortment of products comprising over-the-counter medications, health and beauty aids, personal care products, seasonal merchandise, cosmetics, household items, food and beverages, greeting cards, seasonal and seasonal merchandise, pet care, and a variety of other everyday and convenience products, as well as brand and generic prescription drugs; and a private brand product line. It also operates retail pharmacies and clinics; and offers healthcare services, including administering immunizations for COVID-19, the flu, shingles, and others; assists its customers with high blood pressure, cholesterol, and diabetes; provides guidance on combating obesity and tobacco addiction; and educates customers on managing medications and potential side effects. The Pharmacy Services segment provides integrated suite of pharmacy benefit management (PBM) offerings, including technology solutions, mail delivery services, specialty pharmacy, network and rebate administration, claims adjudication, and pharmacy discount programs, as well as drug benefits under the federal government's Medicare Part D program and insurance offerings for individuals and groups. This segment serves health plans, commercial employers, labor groups, and state and local governments. In addition, it offers its products through online retail site. Rite Aid Corporation was founded in 1962 and is headquartered in Philadelphia, Pennsylvania.

Sector
Healthcare
Industry
Pharmaceutical Retailers
Country
United States
Website
riteaid.com

News

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Insider holders

RAD insider holders
InsiderRelationLatest transactionDateShares held
BODAKEN BRUCE GDirectorStock Award(Grant)Jul 26, 202268,458
DONIGAN HEYWARD RChief Executive OfficerStock Award(Grant)Jul 26, 2022942,611
GILBERT PAUL DGeneral CounselStock Award(Grant)Jul 26, 2022111,883
KAZMAIER JESSICAOfficerStock Award(Grant)Apr 24, 2023101,967
KNOWLING ROBERT E JRDirectorStock Award(Grant)Jul 26, 202261,996
MENNEN JUSTIN L.Chief Technology OfficerStock Award(Grant)Apr 24, 2023145,488

Institution ownership

RAD institution ownership
Holder% heldSharesValueReported
Charles Schwab Investment Management, Inc.7.03%3,986,5656.02MJun 29, 2023
Vanguard Group Inc5.11%2,895,7244.37MJun 29, 2023
Renaissance Technologies, LLC3.45%1,957,9902.96MJun 29, 2023
GMT Capital Corp2.61%1,482,1012.24MJun 29, 2023
Blackrock Inc.2.04%1,155,4011.74MJun 29, 2023
Susquehanna International Group, LLP1.13%643,221971.26KJun 29, 2023

Fund ownership

RAD fund ownership
Holder% heldSharesValueReported
Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF4.51%2,558,6374.58MMay 30, 2023
Vanguard Total Stock Market Index Fund3.52%1,996,7073.02MJun 29, 2023
Vanguard Extended Market Index Fund1.42%802,5741.21MJun 29, 2023
Schwab Capital Trust-Schwab U.S. Fundamental Small Co Index Fund1.32%749,5071.21MJul 30, 2023
Bridgeway Funds Inc-Small Cap Value Fund0.51%288,200435.18KJun 29, 2023
Fidelity Extended Market Index Fund0.48%274,625491.58KMay 30, 2023
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