Farmer Bros. (NASDAQ:FARM) Announces Earnings Results

Farmer Bros. (NASDAQ:FARM) announced its quarterly earnings data on Wednesday. The company reported ($0.60) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.44) by ($0.16), Fidelity Earnings reports. Farmer Bros. had a negative net margin of 12.60% and a negative return on equity of 26.90%. During the same period in the prior year, the business earned ($0.53) earnings per share.

Shares of NASDAQ FARM traded up $0.56 during midday trading on Friday, reaching $8.90. The company’s stock had a trading volume of 3,694 shares, compared to its average volume of 240,665. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.78 and a current ratio of 1.79. Farmer Bros. has a fifty-two week low of $3.40 and a fifty-two week high of $13.08. The business’s 50 day moving average price is $9.26 and its two-hundred day moving average price is $9.95. The company has a market cap of $158.62 million, a P/E ratio of -3.29 and a beta of 1.64.

An institutional investor recently raised its position in Farmer Bros. stock. Morgan Stanley increased its holdings in Farmer Bros. Co. (NASDAQ:FARM) by 4,759.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,956 shares of the company’s stock after buying an additional 86,146 shares during the period. Morgan Stanley owned 0.49% of Farmer Bros. worth $1,116,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 57.19% of the company’s stock.

FARM has been the topic of several research analyst reports. Zacks Investment Research downgraded Farmer Bros. from a “hold” rating to a “strong sell” rating in a research note on Friday, September 3rd. Roth Capital upgraded Farmer Bros. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $7.00 to $14.00 in a report on Wednesday, September 1st.

Farmer Bros. Company Profile

Farmer Brothers Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products. The company’s products include roasted and liquid coffee; flavored and unflavored teas; coffee related products such as coffee filters, sugar and creamers; culinary products like spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, syrups and sauces; and other beverages including cappuccino, cocoa, granitas, and concentrated and ready-to-drink cold brew and iced coffee.

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Earnings History for Farmer Bros. (NASDAQ:FARM)

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