Fred’s (FRED) Getting Somewhat Favorable News Coverage, Report Finds
News coverage about Fred’s (NASDAQ:FRED) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fred’s earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.9220639574383 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Fred’s (FRED) CEO Mike Bloom on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
- Fred’s, Inc. (NASDAQ:FRED) Among Today’s Biggest Gainers – Up by 17.01% – Modern Readers (modernreaders.com)
- Earnings Reaction History: Fred’s Inc., 100.0% Follow-Through Indicator, 5.5% Sensitive – Nasdaq (nasdaq.com)
- Fred’s, Inc. Names Heath Freeman Chairman of the Board … – Business Wire (press release) (businesswire.com)
- ‘Strategic turnaround’ in place for Fred’s – Memphis Business Journal (bizjournals.com)
Fred’s (NASDAQ:FRED) opened at 6.74 on Thursday. Fred’s has a 52-week low of $5.62 and a 52-week high of $21.77. The stock’s market cap is $256.46 million. The firm has a 50-day moving average price of $6.36 and a 200 day moving average price of $11.46.
Fred’s (NASDAQ:FRED) last released its earnings results on Wednesday, September 6th. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. The firm had revenue of $507.80 million for the quarter, compared to analysts’ expectations of $504.90 million. Fred’s had a negative net margin of 4.94% and a negative return on equity of 3.93%. Fred’s’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) EPS. On average, analysts forecast that Fred’s will post ($0.44) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.24 annualized dividend and a yield of 3.56%. Fred’s’s payout ratio is -8.54%.
FRED has been the subject of several recent research reports. TheStreet downgraded Fred’s from a “c-” rating to a “d” rating in a report on Monday, July 3rd. Zacks Investment Research upgraded Fred’s from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Loop Capital initiated coverage on Fred’s in a report on Thursday, August 24th. They set a “hold” rating and a $6.00 price target for the company. Deutsche Bank AG decreased their price target on Fred’s from $16.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Finally, ValuEngine downgraded Fred’s from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.50.
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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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