Fred’s (NASDAQ:FRED) released its earnings data on Tuesday. The company reported $0.20 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.20, American Banking and Market News reports. The company had revenue of $460.50 million for the quarter, compared to the consensus estimate of $458.81 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Fred’s updated its Q4 guidance to $0.18-0.23 EPS.
Fred’s (NASDAQ:FRED) traded up 0.59% on Wednesday, hitting $17.18. 8,735 shares of the company’s stock traded hands. Fred’s has a 52 week low of $12.30 and a 52 week high of $17.71. The stock’s 50-day moving average is $16.23 and its 200-day moving average is $16.19. The company has a market cap of $631.1 million and a P/E ratio of 22.47.
The company also recently announced a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.41%. The ex-dividend date is Wednesday, November 27th.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Fred’s in a research note to investors on Wednesday, November 13th. They now have a $17.00 price target on the stock. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.67.
Fred’s, Inc is engaged in the sale of general merchandise through its retail discount stores and full-service pharmacies.
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