|Bid||0.970 x 3200|
|Ask||0.000 x 800|
|Day's Range||0.8947 - 0.9930|
|52 Week Range||0.6000 - 2.3400|
|Beta (3Y Monthly)||1.55|
|PE Ratio (TTM)||1.66|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Rite Aid (RAD) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
# Rite Aid Corp ### NYSE:RAD View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is moderate * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Neutral Short interest is moderately high for RAD with between 10 and 15% of shares outstanding currently on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $6.02 billion over the last one-month into ETFs that hold RAD are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. RAD credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Moody's Investors Service ("Moody's") today assigned a B1 rating to Rite Aid Corporation's new ABL revolving credit facility and a B3 rating to the company's new FILO term loan. "Rite Aid's leverage remains high due to EBITDA erosion and free cash flow remains weak", Moody's Vice President Mickey Chadha stated.
The Dow soared over 830 points at the high on Friday, thanks in part to Jerome Powell saying that the central bank plans to be "patient" about rate hikes. At the close, the Dow Jones Industrial Average jumped 746 points, or 3.3%, to 23,432, the S&P 500 gained 3.4%, and the Nasdaq was up 4.3%. The rally followed Thursday's session, which saw the Dow close down 660 points after Apple slashed its revenue forecast to $84 billion from $91.5 billion.
A Rite Aid reverse split (NYSE:RAD) may be happening after the company received a noticed on Friday from the New York Stock Exchange, notifying the pharmacy chain that its stock is no longer in line with the rules of the exchange due to its shares failing to maintain a price of at least $1.00 a piece over a 30-day trading period. The drugstore giant has seen its stock decline a whopping 64% over the last 12 months, reaching a low price of 75 cents per share as of Thursday's close, well below the $2.11 per share it was worth on Jan. 3, 2018. The stock's price has been dancing under the $1 per share mark over the last month, leading to the NYSE notice. The price is a violation of the exchange's rule as the average share price needs to surpass the $1 mark. The NYSE has informed Rite Aid that the pharmacy company has six months from the Jan. 3 notice to find a way to boost its average share price to above $1 for a whole month. InvestorPlace - Stock Market News, Stock Advice & Trading Tips In response to this notice, the company has listed a reverse stock price, which allows companies to combine shares with the goal of increasing the stock's price. In 2018, Rite Aid missed out on an opportunity to take over Albertson's in a deal that seemed like it was going to come to fruition-the deal was dropped as investors pushed back. RAD stock is up about 2.1% on the news that it was considering a reverse split. ### More From InvestorPlace * 7 A-Rated Tech Stocks That Will Power Innovation in 2019 * 10 Stocks That Won Big In 2018 * 10 Hot Companies Going Public in 2019 Compare Brokers The post Rite Aid Reverse Split? RAD Stock Pops on Rumor appeared first on InvestorPlace.
is exploring a prescription to avoid being delisted from the venerable New York Stock Exchange for having its share price trade below $1 for more than 30 consecutive days. Among options Rite Aid is considering include a reverse stock split to meet the exchange's requirements. A reverse stock split is when a company combines its outstanding shares to increase the per-share value and corresponding market price.
Rite Aid may be de-listed from the New York Stock Exchange. Shares of Rite Aid have fallen 64 percent over the past year, down to 75 cents per share as of Thursday's close from $2.11 on Jan. 3, 2018. Rite Aid may pursue a reverse stock split if its stock price does not increase.
Rite Aid Corp. said Friday it has received a notice from the New York Stock Exchange informing it that it is no longer compliant with exchange rules after its stock failed to remain at least at $1.00 in a 30-day trading period. The company has six months to regain compliance and said it may conduct a reverse stock split. Rite Aid last year dropped an attempt to take over supermarket chain Albertson's after pushback from investors. The stock has fallen 64% in the last 12 months, while the S&P 500 has fallen 10%.
A new ban on smoking was signed into law Friday by Erie County Executive Mark Poloncarz. The ban is part of the county’s Public Health Protection Act. Under the ban: Smoking is prohibited in any vehicle in which a person under 18 years old is riding as well as in or near Niagara Frontier Transportation Authority bus shelters and public areas Pharmacies cannot sell or market tobacco or nicotine products The act was approved earlier this month by Erie County Legislature.
Walgreens Boots Alliance topped Wall Street forecasts for its fiscal first quarter, helped partially by a sales boost provided by stores acquired from smaller rival Rite Aid. The company also said Thursday that it started a cost-management program that aims to achieve at least $1 billion in annual cost savings in a few years. Revenue for the drugstore chain jumped about 10 percent to $33.8 billion in the period that ended Nov. 30, with the Rite Aid stores accounting for much of that growth in the global company's U.S. division.
Walgreens earnings and sales narrowly topped fiscal first-quarter estimates. The Dow Jones component vowed "transformational" cost cuts. Walgreens stock fell.
Click to EnlargeAfter a $20 price target from Citron, Twitter (NYSE:TWTR) is taking a beating. Now below $30, the stock has swiftly fallen below all of its major moving averages. Click to Enlarge BlackBerry (NYSE:BB) initially had a strong rally on the day, jumping roughly 7% after reporting earnings.
Retail pharmacy chain Rite Aid Corporation (NYSE: RAD ) announced a renewal of its contract Wednesday with pharmaceutical distributor McKesson Corporation (NYSE: MCK ) through 2029. What Happened McKesson ...
Rite Aid's (RAD) top and bottom lines improve year over year. Also, earnings came ahead of the Zacks Consensus Estimate but sales lagged the same.
Drug store chain Walgreens Boots Alliance Inc reported a 36.8 percent rise in quarterly profit on Thursday, helped by the addition of Rite Aid stores. Net income attributable to the company rose to $1.12 ...
Rite Aid (RAD) delivered earnings and revenue surprises of 150.00% and -0.62%, respectively, for the quarter ended November 2018. Do the numbers hold clues to what lies ahead for the stock?
CAMP HILL, Pa. (AP) _ Rite Aid Corp. (RAD) on Wednesday reported a fiscal third-quarter loss of $4.5 million, after reporting a profit in the same period a year earlier. On a per-share basis, the Camp Hill, Pennsylvania-based company said it had a loss of less than 1 cent. Earnings, adjusted for one-time gains and costs, came to 1 cent per share. Rite Aid expects full-year results to range from a loss of 3 cents per share to a loss of 1 cent per share, with revenue in the range of $21.8 billion to $21.95 billion.
The drugstore operator's stock is closing below $1 for the first time in six years. It reports its fiscal third-quarter results on Wednesday afternoon.