Media stories about Fred’s (NASDAQ:FRED) have trended somewhat positive this week, according to Accern. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Fred’s earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.0461791054748 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
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 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. The firm’s market cap is $242.00 million.
Fred’s (NASDAQ:FRED) last released 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 company had revenue of $532.32 million for the quarter, compared to analyst estimates of $520.28 million. Fred’s had a negative net margin of 4.94% and a negative return on equity of 3.93%. Fred’s’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. 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.
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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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