Fred’s (FRED) Scheduled to Post Quarterly Earnings on Thursday

Fred’s (NASDAQ:FRED) is set to announce its earnings results before the market opens on Thursday, June 14th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.

Fred’s (NASDAQ:FRED) last issued its quarterly earnings data on Friday, May 4th. The company reported ($0.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.43). Fred’s had a negative return on equity of 19.11% and a negative net margin of 7.47%. The company had revenue of $477.29 million during the quarter. During the same period in the previous year, the business earned ($0.11) EPS.

FRED traded up $0.05 on Tuesday, hitting $1.80. The company had a trading volume of 1,035,611 shares, compared to its average volume of 1,215,623. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.72 and a quick ratio of 0.47. Fred’s has a 52-week low of $1.30 and a 52-week high of $13.15. The firm has a market capitalization of $64.46 million, a PE ratio of -0.48 and a beta of 1.44.

Several brokerages have commented on FRED. ValuEngine upgraded shares of Fred’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, April 4th. Zacks Investment Research raised shares of Fred’s from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Loop Capital set a $4.00 target price on shares of Fred’s and gave the company a “hold” rating in a research note on Monday, April 30th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $6.00.

About Fred’s

Fred's, Inc, together with its subsidiaries, sells general merchandise through its retail discount stores and full service pharmacies. The company, through its stores, offers health, beauty, and personal care products; household cleaning supplies, disposable diapers, pet foods, and paper products; and various general merchandise, and food and beverage products to low, middle, and fixed income families located in small- to medium-sized towns.

Earnings History for Fred`s (NASDAQ:FRED)

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