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Analysts See $-0.02 EPS for Rite Aid Corporation (RAD)

December 8, 2017 - By Darrin Black

 Analysts See $ 0.02 EPS for Rite Aid Corporation (RAD)
Investors sentiment decreased to 0.78 in 2017 Q2. Its down 0.46, from 1.24 in 2017Q1. It is negative, as 85 investors sold Rite Aid Corporation shares while 96 reduced holdings. 50 funds opened positions while 91 raised stakes. 539.25 million shares or 5.01% less from 567.71 million shares in 2017Q1 were reported.
Westchester Mngmt Limited Liability Company stated it has 5.51M shares or 0.49% of all its holdings. Cibc World Incorporated reported 272,580 shares. Supplemental Annuity Collective Tru Of Nj, a New Jersey-based fund reported 120,000 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt invested in 5.41M shares or 0.24% of the stock. Greenlight Cap accumulated 16.78M shares or 0.8% of the stock. Financial Management has 1,000 shares. Sei Investments Communications owns 2,642 shares. Metropolitan Life Ins Ny owns 0% invested in Rite Aid Corporation (NYSE:RAD) for 50,412 shares. West Oak Capital Limited Com invested in 0% or 1,800 shares. Rhumbline Advisers has 0.01% invested in Rite Aid Corporation (NYSE:RAD). Prelude Mgmt owns 2,952 shares or 0% of their US portfolio. New York-based Quinn Opportunity Prns Lc has invested 0.84% in Rite Aid Corporation (NYSE:RAD). Private Advisor Gp Ltd Llc accumulated 43,705 shares or 0% of the stock. Polar Asset Mngmt Ptnrs Inc holds 0.03% or 366,000 shares. Walleye Trading Limited Liability Company has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 365,272 shares.

Analysts expect Rite Aid Corporation (NYSE:RAD) to report $-0.02 EPS on December, 28.They anticipate $0.04 EPS change or 200.00 % from last quarter’s $0.02 EPS. After having $-0.01 EPS previously, Rite Aid Corporation’s analysts see 100.00 % EPS growth. It closed at $1.79 lastly. It is down 55.18% since December 8, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

Rite Aid Corporation (NYSE:RAD) Ratings Coverage

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 23 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Friday, April 8 by Deutsche Bank. The stock has “Underperform” rating by Evercore on Friday, June 30. On Thursday, October 29 the stock rating was downgraded by Goldman Sachs to “Neutral”. The company was downgraded on Thursday, October 29 by Credit Suisse. The rating was maintained by Loop Capital with “Hold” on Friday, September 29. The firm has “Hold” rating given on Monday, September 11 by Loop Capital Markets. The stock has “Neutral” rating by Mizuho on Thursday, July 20. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Thursday, August 6 by Vetr. The rating was downgraded by Guggenheim on Wednesday, April 26 to “Neutral”. The stock has “Neutral” rating by Mizuho on Friday, October 6.

Rite Aid Corporation, through its subsidiaries, operates a chain of retail drugstores in the United States. The company has market cap of $1.89 billion. The firm operates through Retail Pharmacy and Pharmacy Services divisions. It has a 21.31 P/E ratio. The Retail Pharmacy segment sells prescription drugs; and a range of other merchandise, such as over-the-counter medications, health and beauty aids, personal care items, cosmetics, household items, food and beverages, greeting cards, seasonal merchandise, and other everyday and convenience products.

More notable recent Rite Aid Corporation (NYSE:RAD) news were published by: Investorplace.com which released: “Rite Aid Corporation Stock: If Wishes Were Horses” on November 09, 2017, also Businesswire.com with their article: “Rite Aid Teams Up with Dr. Jennifer Caudle to Remind People to Get Vaccinated …” published on December 05, 2017, Investorplace.com published: “Why Rite Aid Corporation Stock Will Stage a Big Turnaround” on November 10, 2017. More interesting news about Rite Aid Corporation (NYSE:RAD) were released by: Fool.com and their article: “Is Rite Aid Corporation Stock Now Too Cheap to Pass Up?” published on November 08, 2017 as well as Fool.com‘s news article titled: “Where Will Rite Aid Corporation Be in 5 Years?” with publication date: November 19, 2017.

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