Fred’s (FRED) Getting Somewhat Favorable Media Coverage, Study Shows
Press coverage about Fred’s (NASDAQ:FRED) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fred’s earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.5837546208109 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:
- Fred’s Reports August Sales (finance.yahoo.com)
- DryShips Inc. (DRYS) has a value of $3.04 per share While Fred’s, Inc. (FRED) is stand at $6.03 – Stocks Gallery (stocksgallery.com)
- Q&A: Fred’s exec talks new app, digital coupons and personalized offers – Memphis Business Journal (bizjournals.com)
- Fred’s Pharmacy has a new app for that – Memphis Business Journal (bizjournals.com)
- Fred’s sales show decrease; leadership sees the positive – Memphis Business Journal (bizjournals.com)
Several equities research analysts have recently weighed in on FRED shares. Deutsche Bank AG reiterated a “hold” rating and set a $17.00 price objective (down from $19.00) on shares of Fred’s in a research report on Saturday, June 3rd. TheStreet cut shares of Fred’s from a “c-” rating to a “d” rating in a research report on Monday, July 3rd. ValuEngine cut shares of Fred’s from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Loop Capital started coverage on shares of Fred’s in a research report on Thursday, August 24th. They set a “hold” rating and a $6.00 price objective for the company. Finally, Zacks Investment Research upgraded shares of Fred’s from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Fred’s currently has an average rating of “Hold” and a consensus price target of $13.50.
Shares of Fred’s (NASDAQ:FRED) opened at 5.92 on Friday. The firm’s market capitalization is $225.26 million. The firm has a 50-day moving average of $6.40 and a 200-day moving average of $11.77. Fred’s has a 12-month low of $5.62 and a 12-month high of $21.77.
Fred’s (NASDAQ:FRED) last posted its quarterly earnings results on Tuesday, June 6th. The company reported ($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.03. Fred’s had a negative net margin of 4.94% and a negative return on equity of 3.93%. The firm had revenue of $532.32 million for the quarter, compared to the consensus estimate of $520.28 million. During the same quarter in the prior year, the company earned $0.03 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. Equities analysts anticipate that Fred’s will post ($0.39) earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.24 dividend on an annualized basis and a yield of 4.05%. Fred’s’s dividend payout ratio is currently -8.54%.
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Fred’s Company Profile
Fred’s, Inc (Fred’s) is engaged in the sale of general merchandise through its retail discount stores and full service pharmacies. The Company sells general merchandise to its over 20 franchisees. The Company has approximately 660 retail stores, over 370 pharmacies, and approximately three specialty pharmacy facilities located in over 15 states mainly in the Southeastern United States.
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