Fred’s (FRED) Scheduled to Post Earnings on Wednesday

Fred’s (NASDAQ:FRED) is scheduled to be posting its quarterly earnings results before the market opens on Wednesday, December 6th. Analysts expect Fred’s to post earnings of ($0.13) per share for the quarter.

Fred’s (NASDAQ:FRED) last posted its earnings results on Wednesday, September 6th. The company reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.04. The company had revenue of $507.80 million for the quarter, compared to the consensus estimate of $504.90 million. Fred’s had a negative return on equity of 4.02% and a negative net margin of 6.08%. The firm’s revenue for the quarter was down 4.1% on a year-over-year basis. During the same period in the previous year, the business earned ($0.18) earnings per share. On average, analysts expect Fred’s to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Fred’s (NASDAQ FRED) opened at $5.21 on Tuesday. The company has a current ratio of 1.90, a quick ratio of 0.45 and a debt-to-equity ratio of 0.51. Fred’s has a 52-week low of $4.21 and a 52-week high of $21.77.

A number of equities research analysts recently commented on the company. Zacks Investment Research downgraded Fred’s from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. Loop Capital assumed coverage on Fred’s in a research report on Thursday, August 24th. They issued a “hold” rating and a $6.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.50.

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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.

Earnings History for Fred`s (NASDAQ:FRED)

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