Fred's (NASDAQ:FRED) issued its quarterly earnings data on Wednesday. The company reported ($0.42) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.13) by ($0.29), Bloomberg Earnings reports. The company had revenue of $493.60 million for the quarter, compared to analyst estimates of $499.77 million. Fred's had a negative return on equity of 4.02% and a negative net margin of 6.08%. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS.

Fred's (FRED) opened at $5.09 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.45 and a current ratio of 1.90. Fred's has a one year low of $4.21 and a one year high of $21.77.

FRED has been the topic of a number of recent research reports. Zacks Investment Research cut Fred's from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. Loop Capital initiated coverage on Fred's in a research note on Thursday, August 24th. They set a “hold” rating and a $6.00 price objective on the stock. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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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