Farmer Bros. (FARM) to Release Earnings on Thursday

Farmer Bros. (NASDAQ:FARM) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.16) per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Farmer Bros. (NASDAQ:FARM) last issued its earnings results on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.21) by $0.11. The company had revenue of $89.45 million for the quarter, compared to analyst estimates of $88.50 million. Farmer Bros. had a negative return on equity of 65.75% and a negative net margin of 14.91%. On average, analysts expect Farmer Bros. to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmer Bros. Trading Up 0.9 %

Shares of NASDAQ FARM opened at $3.21 on Wednesday. The business has a 50 day simple moving average of $3.38 and a 200 day simple moving average of $3.21. Farmer Bros. has a 52 week low of $1.75 and a 52 week high of $4.04. The stock has a market cap of $67.63 million, a price-to-earnings ratio of -1.13 and a beta of 1.77. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.42.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Farmer Bros. from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd.

About Farmer Bros.

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.