Fred’s (NASDAQ:FRED) Receives Media Impact Score of 0.11
News articles about Fred’s (NASDAQ:FRED) have trended somewhat positive recently, 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 one, with scores nearest to one being the most favorable. Fred’s earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.768480345993 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Brokerages Expect Fred’s, Inc. (NASDAQ:FRED) Will Post Quarterly Sales of $505.79 Million (americanbankingnews.com)
- ABANDONED HISTORY: More springs you can visit in Niagara County (lockportjournal.com)
- Housing complex a home run for veterans (mailtribune.com)
- Remembering Frederick Isadore Scott, Johns Hopkins’ First Black Undergraduate (afro.com)
- Fred’s, Inc. (NASDAQ:FRED) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
Shares of Fred’s (NASDAQ:FRED) opened at 6.57 on Tuesday. The firm’s 50-day moving average price is $8.29 and its 200-day moving average price is $13.09. The stock’s market capitalization is $250.00 million. Fred’s has a 52-week low of $6.17 and a 52-week high of $21.77.
Fred’s (NASDAQ:FRED) last issued its quarterly 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. The firm had revenue of $532.32 million for the quarter, compared to the consensus estimate of $520.28 million. Fred’s had a negative net margin of 4.94% and a negative return on equity of 3.93%. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.03 earnings per share. Equities analysts forecast that Fred’s will post ($0.41) earnings per share for the current fiscal year.
A number of research firms have commented on FRED. TheStreet downgraded Fred’s from a “c-” rating to a “d” rating in a research report on Monday, July 3rd. Deutsche Bank AG decreased 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 downgraded Fred’s from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $14.25.
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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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