Rite Aid (RAD) Scheduled to Post Earnings on Thursday
Rite Aid (NYSE:RAD) is set to post its quarterly earnings results before the market opens on Thursday, December 21st. Analysts expect Rite Aid to post earnings of ($0.02) per share for the quarter.
Rite Aid (NYSE:RAD) last posted its earnings results on Thursday, September 28th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $7.68 billion during the quarter, compared to the consensus estimate of $7.83 billion. Rite Aid had a net margin of 0.28% and a negative return on equity of 7.51%. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.03 earnings per share. On average, analysts expect Rite Aid to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Rite Aid (NYSE RAD) opened at $1.93 on Wednesday. Rite Aid has a 1 year low of $1.38 and a 1 year high of $8.77. The company has a debt-to-equity ratio of 9.71, a current ratio of 1.74 and a quick ratio of 0.77.
In other Rite Aid news, Director Myrtle S. Potter sold 28,189 shares of the company’s stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $2.09, for a total value of $58,915.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.29% of the company’s stock.
About Rite Aid
Rite Aid Corporation is a retail drugstore chain. The Company’s segments include Retail Pharmacy and Pharmacy Services. The Company operates under The Rite Aid name. It operates approximately 4,560 stores in over 30 states across the country and in the District of Columbia. The Company’s Retail Pharmacy segment consists of Rite Aid stores, RediClinic and Health Dialog.
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