Wall Street brokerages expect Farmer Bros Co (NASDAQ:FARM) to post earnings of ($0.03) per share for the current quarter, Zacks reports. Two analysts have issued estimates for Farmer Bros’ earnings. The highest EPS estimate is $0.05 and the lowest is ($0.11). Farmer Bros reported earnings per share of $0.03 in the same quarter last year, which indicates a negative year over year growth rate of 200%. The business is scheduled to announce its next earnings results on Tuesday, November 6th.

On average, analysts expect that Farmer Bros will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.58. For the next financial year, analysts forecast that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.75 to $0.99. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Farmer Bros.

Several equities research analysts recently issued reports on FARM shares. BidaskClub upgraded Farmer Bros from a “hold” rating to a “buy” rating in a research note on Thursday, June 7th. ValuEngine upgraded Farmer Bros from a “hold” rating to a “buy” rating in a research note on Thursday, July 5th. Finally, Zacks Investment Research upgraded Farmer Bros from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $34.25.

In related news, major shareholder Carol Farmer Waite sold 4,100 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $31.22, for a total value of $128,002.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael H. Keown sold 23,333 shares of the business’s stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.03, for a total value of $654,023.99. Following the completion of the sale, the chief executive officer now owns 68,405 shares of the company’s stock, valued at $1,917,392.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 75,871 shares of company stock valued at $2,159,090. 9.30% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FARM. JPMorgan Chase & Co. lifted its stake in Farmer Bros by 171.3% during the first quarter. JPMorgan Chase & Co. now owns 6,269 shares of the company’s stock worth $189,000 after purchasing an additional 3,958 shares during the last quarter. Suntrust Banks Inc. bought a new stake in Farmer Bros during the first quarter worth $259,000. Barclays PLC lifted its stake in Farmer Bros by 27.7% during the first quarter. Barclays PLC now owns 11,044 shares of the company’s stock worth $335,000 after purchasing an additional 2,393 shares during the last quarter. First Trust Advisors LP lifted its stake in Farmer Bros by 18.2% during the second quarter. First Trust Advisors LP now owns 12,087 shares of the company’s stock worth $369,000 after purchasing an additional 1,860 shares during the last quarter. Finally, Swiss National Bank lifted its stake in Farmer Bros by 24.4% during the second quarter. Swiss National Bank now owns 20,900 shares of the company’s stock worth $638,000 after purchasing an additional 4,100 shares during the last quarter. Hedge funds and other institutional investors own 60.25% of the company’s stock.

Shares of Farmer Bros stock traded up $0.15 on Thursday, hitting $26.90. The stock had a trading volume of 1,172 shares, compared to its average volume of 43,852. Farmer Bros has a twelve month low of $23.60 and a twelve month high of $35.05. The company has a market capitalization of $462.01 million, a price-to-earnings ratio of 206.35, a PEG ratio of 7.74 and a beta of 0.24.

About Farmer Bros

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink iced coffee.

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Earnings History and Estimates for Farmer Bros (NASDAQ:FARM)

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