Fred’s (FRED) Given Daily News Impact Rating of 0.07
News articles about Fred’s (NASDAQ:FRED) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Fred’s earned a news impact score of 0.07 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.1501437637111 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
- Fred’s, Inc. Amends Short-Term Shareholder Rights Plan to Protect the Ability to Utilize Net Operating Losses – Business Wire (press release) (businesswire.com)
- Form 8-A12B/A FREDS INC – StreetInsider.com (streetinsider.com)
- BRIEF-Fred’s Inc amends short-term shareholder rights plan – Reuters (reuters.com)
- Fred’s amends plan to try and ‘protect shareholder value’ – Memphis Business Journal (bizjournals.com)
- Fred’s, Inc. Amends Short-Term Shareholder Rights Plan to Protect the Ability to Utilize Net Operating Losses (finance.yahoo.com)
Shares of Fred’s (FRED) opened at 7.06 on Tuesday. The stock’s 50 day moving average price is $6.44 and its 200-day moving average price is $10.83. The firm’s market capitalization is $268.82 million. Fred’s has a 12-month low of $5.62 and a 12-month high of $21.77.
Fred’s (NASDAQ:FRED) last issued its earnings results on Wednesday, September 6th. The company reported ($0.15) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $507.80 million during the quarter, compared to analyst estimates of $504.90 million. Fred’s had a negative net margin of 6.08% and a negative return on equity of 4.02%. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same quarter last year, the business posted ($0.18) EPS. On average, equities analysts expect that Fred’s will post ($0.38) EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Friday, September 1st were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, August 30th. Fred’s’s dividend payout ratio (DPR) is currently -7.04%.
A number of research analysts have weighed in on the company. Loop Capital assumed coverage on Fred’s in a research note on Thursday, August 24th. They set a “hold” rating and a $6.00 price target on the stock. ValuEngine downgraded Fred’s from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded Fred’s from a “sell” rating to a “hold” rating in a report on Friday, August 25th. TheStreet downgraded Fred’s from a “c-” rating to a “d” rating in a report on Monday, July 3rd. Finally, Deutsche Bank AG dropped their price objective on Fred’s from $16.00 to $8.00 and set a “hold” rating for the company in a report on Thursday, June 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $13.50.
ILLEGAL ACTIVITY NOTICE: “Fred’s (FRED) Given Daily News Impact Rating of 0.07” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.thecerbatgem.com/2017/09/19/freds-fred-given-daily-news-impact-rating-of-0-07.html.
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.
Receive News & Stock Ratings for Fred's Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fred's Inc. and related stocks with our FREE daily email newsletter.