Farmer Bros. (NASDAQ:FARM) Releases Earnings Results, Misses Expectations By $0.16 EPS

Farmer Bros. (NASDAQ:FARM) announced its quarterly earnings results on Wednesday. The company reported ($0.60) earnings per share for the quarter, missing the 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 previous year, the firm earned ($0.53) EPS.

FARM traded up $0.68 during trading on Friday, hitting $9.02. The company’s stock had a trading volume of 8,369 shares, compared to its average volume of 240,665. The firm has a market capitalization of $160.76 million, a price-to-earnings ratio of -3.29 and a beta of 1.64. Farmer Bros. has a twelve month low of $3.40 and a twelve month high of $13.08. The business’s fifty day simple moving average is $9.26 and its 200 day simple moving average is $9.95. The company has a current ratio of 1.79, a quick ratio of 0.78 and a debt-to-equity ratio of 1.07.

An institutional investor recently raised its position in Farmer Bros. stock. Morgan Stanley increased its stake in Farmer Bros. Co. (NASDAQ:FARM) by 4,759.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,956 shares of the company’s stock after acquiring an additional 86,146 shares during the quarter. Morgan Stanley owned approximately 0.49% of Farmer Bros. worth $1,116,000 at the end of the most recent reporting period. Institutional investors own 57.19% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Farmer Bros. from a “hold” rating to a “strong sell” rating in a report on Friday, September 3rd. Roth Capital raised shares of Farmer Bros. from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $14.00 in a report on Wednesday, September 1st.

About Farmer Bros.

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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