$-0.01 EPS Expected for Rite Aid Corporation (RAD)

September 17, 2017 - By Adrian Mccoy

 $ 0.01 EPS Expected for Rite Aid Corporation (RAD)
Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.26, from 1.18 in 2016Q3. It fall, as 67 investors sold Rite Aid Corporation shares while 114 reduced holdings. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported.
Invesco Limited owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 427,589 shares. Highvista Strategies Ltd Company stated it has 1.89 million shares. First Pacific Advsr Lc, California-based fund reported 169,000 shares. New York State Common Retirement Fund reported 2.72M shares stake. Australia-based Commonwealth State Bank Of has invested 0% in Rite Aid Corporation (NYSE:RAD). Riggs Asset Managment invested in 1,600 shares. 26,820 were accumulated by Da Davidson And. Janus Ltd, a Colorado-based fund reported 994,605 shares. Inv Centers Of America invested in 30,091 shares or 0.02% of the stock. Peak6 L P reported 282,026 shares stake. Grp One Trading Lp invested 0.17% in Rite Aid Corporation (NYSE:RAD). 10,000 were reported by Kirr Marbach Limited Com In. Ubs Asset Americas has 2.41 million shares for 0.02% of their portfolio. Blackrock Group Inc Limited reported 4.33M shares or 0.02% of all its holdings. Franklin Res Inc reported 34.17 million shares.

Investors wait Rite Aid Corporation (NYSE:RAD) to report on September, 28 before the open. its quarterly earnings Wall Street analysts expect $-0.01 EPS, down $0.04 or 133.33 % from last year’s $0.03 same quarter earnings. Rite Aid Corporation’s Wall Street analysts see -80.00 % EPS growth, taking into account the $-0.05 EPS reproted in the previous quarter, The stock increased 5.20% or $0.13 on September 15, reaching $2.63. About 59.84M shares traded or 233.93% up from the average. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since September 17, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 12 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 8 Hold. Therefore 17% are positive. Rite Aid had 18 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, August 19 by Vetr. The firm earned “Neutral” rating on Wednesday, April 26 by Guggenheim. The firm earned “Neutral” rating on Friday, November 13 by JP Morgan. The rating was downgraded by Vetr on Thursday, August 6 to “Buy”. Goldman Sachs downgraded Rite Aid Corporation (NYSE:RAD) on Thursday, October 29 to “Neutral” rating. On Friday, April 8 the stock rating was downgraded by Deutsche Bank to “Hold”. The company was initiated on Monday, September 11 by Loop Capital Markets. Bank of America reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with “Underperform” rating. Mizuho maintained the stock with “Buy” rating in Thursday, September 17 report. The rating was downgraded by Credit Suisse to “Neutral” on Thursday, October 29.

Rite Aid Corporation is a retail drugstore chain. The company has market cap of $2.77 billion. The Company’s divisions include Retail Pharmacy and Pharmacy Services. It currently has negative earnings. The Firm operates under The Rite Aid name.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: “Why Rite Aid Corporation (RAD) Stock Has More Room to Run” on September 12, 2017, also Fool.com with their article: “Better Buy: Valeant Pharmaceuticals International, Inc. vs. Rite Aid Corporation” published on September 02, 2017, Investorplace.com published: “Get Ready for the Rally in Rite Aid Corporation (RAD) Stock” on August 29, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Investorplace.com and their article: “Why Rite Aid Corporation (RAD) Stock Is Bound to Make a Comeback” published on September 13, 2017 as well as Investorplace.com‘s news article titled: “Can Rite Aid Corporation (RAD) Stock Survive on its Own?” with publication date: August 31, 2017.

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