Fred’s (NASDAQ:FRED) Earning Somewhat Positive News Coverage, Study Shows
Headlines about Fred’s (NASDAQ:FRED) have trended somewhat positive this week, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Fred’s earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.0461791054748 out of 100, indicating 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’s analysis:
- Columbia’s Fred L. Price Jr. leads Citadel Board of Visitors (coladaily.com)
- BRIEF-Camber Energy chairman and board member Fred Zeidman tenders his resignation (reuters.com)
- LA 500: Fred Chang (labusinessjournal.com)
- Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Oakbrook Investments LLC (newstrendstoday.com)
- Tyson Foods, Inc. (TSN) Position Up in Latest Report from Alliancebernstein LP (topactu.net)
Fred’s (NASDAQ FRED) traded up 0.16% on Friday, hitting $6.36. The stock had a trading volume of 506,754 shares. The firm’s market cap is $242.00 million. The firm’s 50-day moving average price is $7.39 and its 200-day moving average price is $12.62. Fred’s has a 1-year low of $6.17 and a 1-year high of $21.77.
Fred’s (NASDAQ:FRED) last issued its earnings results on Tuesday, June 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $532.32 million for the quarter, compared to the consensus estimate of $520.28 million. During the same period in the previous year, the firm earned $0.03 EPS. The company’s revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts predict that Fred’s will post ($0.41) earnings per share for the current year.
Several research firms recently issued reports on FRED. TheStreet lowered Fred’s from a “c-” rating to a “d” rating in a research report on Monday, July 3rd. Deutsche Bank AG dropped their target price on Fred’s from $16.00 to $8.00 and set a “hold” rating on the stock in a research report on Thursday, June 29th. Finally, ValuEngine lowered Fred’s from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Fred’s has an average rating of “Hold” and a consensus target price of $14.25.
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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