1.24 +0.01 (0.81%)
After hours: 6:32PM EDT
|Bid||1.23 x 300400|
|Ask||1.24 x 45100|
|Day's Range||1.23 - 1.26|
|52 Week Range||1.23 - 2.55|
|PE Ratio (TTM)||1.05|
|Earnings Date||Sep 27, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.51|
Rite Aid Corporation (RAD) today released the following statement praising the passage of the Patient Right to Know Drug Prices Act (S.2554) and the Know the Lowest Price Act of 2018 (S. 2553) by the U.S. House of Representatives. “Rite Aid applauds Congress for passing the Patient Right to Know Drug Prices Act and the Know the Lowest Price Act of 2018.
Struggling with the company’s financial position, Rite Aid’s management has tried to sell the company’s assets since 2015. Initially, it decided to sell all its assets to Walgreens (WBA) in October 2015. The deal included 2,569 stores and the Pharmacy Benefit Manager business, which weren’t already sold to Walgreens last year.
Rite Aid Corporation (RAD) is expected to post an adjusted loss of 1 cent per share when it reports its second-quarter 2019 results on September 27. The company has projected a net loss of $125 million–$170 million or a loss per share of up to $0.04 for the year. Rite Aid has seen continuous deterioration in its profitability over the last couple of years, mainly due to lower reimbursement rates and a falling script count.
As we discussed in the previous part of this series, Rite Aid’s (RAD) top line has contracted over the last five quarters. Total revenue declined in every quarter of fiscal 2018 and shrunk 0.9% year-over-year or YoY during the first quarter of 2019. In comparison, CVS Health’s (CVS) top line has grown over the past 21 straight quarters while Walgreens Boots Alliance (WBA) has seen positive sales growth over the past five quarters. What’s behind Rite Aid’s deteriorating growth numbers?
Rite Aid Corporation (RAD) is scheduled to report its fiscal second-quarter 2019 results on September 27. While this forecast reflects a ~30% YoY (year-over-year) decline, last year’s sales numbers also included revenue from the 1,932 stores sold to Walgreens Boots Alliance (WBA). In comparison, Walgreens is expected to post a 12% YoY jump in sales when it reports its quarterly results next month.
Rite Aid (RAD) is slated to report its 2019 second-quarter results on Thursday, September 27. The company is once again expected to report a net loss this quarter.
Titan Machinery, Pilgrim's Pride, Nike, Rite Aid and BlackBerry highlighted as Zacks Bull and Bear of the Day
U.S. stocks saw a mostly positive week after Wall Street shrugged off early concerns about escalating trade tensions., but will any of the earnings reports coming in the next few days have enough positive news to outweigh other headwinds?
Rite Aid (RAD) is struggling as evident from its dismal earnings and sales graphs. Additionally, unfavorable trends in the generic drug market are likely to impact the company's results for fiscal 2019.
A shooting Thursday morning at a warehouse near Aberdeen, Md., has resulted in at least three fatalities and multiple injuries, according to several reports. The shooting happened near a Rite Aid Corp. warehouse about 55 miles away from Baltimore, reports say. The Federal Bureau of Investigation described developments as an "active shooter situation" and said its Baltimore field office was assisting in the matter, according to a report from the Chicago Sun Times. The New York Post reported that two people were injured in the shooting as well."What I understand is the location is secure," said Rite Aid spokeswoman Susan Henderson, [l:according to CNN|https://www.cnn.com/2018/09/20/us/maryland-shooting/index.html]. She said 1,000 employees work at that facility. Check back for updates. Harford County Sheriff Jeffrey Gahler referred to the shooting as a tragic event at a news conference at 11:45 a.m. Eastern. The sheriff declined to offer a number of those dead and injured from the incident. Shares of Rite Aid traded up 0.4% on the day, little changed after the reports. Shares of the drug retailer were on track for a 32% year-to-date loss, compared with a gain of 7.8% for the Dow Jones Industrial Average and nearly 10% rise for the S&P 500 index over the same period.
Rite Aid Corporation said today that it will release financial results for its Fiscal 2019 Second Quarter, which ended Sept. 1, 2018, on Thursday, Sept. 27, 2018. The company will hold an analyst call at 8:30 a.m.
Health Dialog announced today that its Nurse Line has received certification from the National Committee for Quality Assurance for Health Information Product (HIP): Health Information Line. Health Dialog’s Nurse Line provides live, 24/7 access for patients to a registered nurse. The NCQA HIP certification process is a voluntary review process governed by NCQA’s rigorous Standards for Certification, developed with the assistance of representatives from industry as well as input from health plans.
Gradually changing lifestyle of people indicates that they are keen on staying indoors and availing products and services that are delivered to them.
The drugstore operator's stock is at its lowest level since late 2012. Breaking up with Albertsons may have pleased investors, but now they're paying the price.
The Rite Aid Foundation announced today that 422 students have been selected as 2018 Folds of Honor educational scholarship recipients through its KidCents program. This year’s $2 million award completes a three-year, $6 million commitment to Folds of Honor, a nonprofit organization that provides educational scholarships to children and spouses of fallen or disabled service members. “Education plays such an important role in a child’s wellbeing and development, and we’re pleased to be honoring the tremendous sacrifice of our military heroes by helping their children have the educational foundation they need to achieve their dreams,” said Kermit Crawford, president and chief operating officer of Rite Aid Corporation and president of The Rite Aid Foundation.
Rite Aid Corporation (RAD) today announced that the company has established its Chemical Policy and expanded Restricted Substances List as part of ongoing efforts to continue meeting customer expectations for chemical management and product safety. Rite Aid has been working closely with supplier partners to eliminate eight high-priority chemicals from formulated private brand items since 2016.
Generally, investors who own widely-held stocks or mega-cap companies can hope to at least match the market’s performance. It also signed a five year take-or-pay supply agreement for 100,000 kg with Cura Cannabis Solutions.
Aetna (NYSE:AET) stock has soared of late, for two key reasons. First, a takeout of Aetna stock by CVS (NYSE:CVS) appears increasingly likely to pass regulatory muster. Secondly, CVS stock, a component of the consideration paid for AET stock, has gained, increasing the value of the offer.
Health Dialog, a leading provider of integrated population health management solutions for health plans, risk-bearing providers and self-insured employers, announced today that the Washington State Health Care Authority has certified its spinal stenosis and serious illness decision aids. Decision aids are tools that facilitate shared decision making (SDM), a collaborative process between physicians and patients designed to improve quality of care and reduce costs. Decision aids offer evidence-based information about treatment choices to help patients understand their options, consider personal values and lifestyle, and prepare them to speak with their provider to make a treatment decision.
Benzinga has featured looks at many investor favorite stocks over the past week. Bullish calls included the iPhone maker, a sportswear leader and a semiconductor giant. Bearish calls included a social ...
NEW YORK, NY / ACCESSWIRE / September 7, 2018 / U.S. benchmarks closed mostly lower on Thursday, with the Dow Jones remaining in the green, as internet and tech shares slumped. The Dow Jones Industrial Average was up 0.08 percent to close at 25,995.87, while the S&P 500 Index decreased 0.37 percent to close at 2,878.05. According to Peter Kenny, market strategist at Kenny & Co, “This is very much a tech-centric reversion.
Three people were killed and another three were injured after a woman opened fire at a Rite Aid distribution center in northeast Maryland Thursday morning.