Farmer Brothers Company (NASDAQ:FARM) – B. Riley dropped their FY2018 earnings per share estimates for shares of Farmer Brothers in a research report issued to clients and investors on Friday. B. Riley analyst K. Anderson now forecasts that the company will post earnings per share of $0.53 for the year, down from their previous estimate of $0.64. B. Riley currently has a “Buy” rating and a $38.50 target price on the stock. B. Riley also issued estimates for Farmer Brothers’ Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.24 EPS, Q3 2019 earnings at $0.23 EPS, Q4 2019 earnings at $0.19 EPS and FY2019 earnings at $0.83 EPS.

Separately, ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.

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Shares of Farmer Brothers (FARM) traded down 1.72% on Monday, reaching $31.50. 25,160 shares of the company were exchanged. The stock has a 50 day moving average price of $31.40 and a 200-day moving average price of $32.09. The stock has a market capitalization of $526.05 million, a P/E ratio of 21.72 and a beta of 0.44. Farmer Brothers has a 12 month low of $28.75 and a 12 month high of $37.55.

Farmer Brothers (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, September 28th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.15 by $0.04. The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $135.72 million. Farmer Brothers had a net margin of 4.51% and a return on equity of 6.94%. The firm’s quarterly revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted $0.23 earnings per share.

A number of hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its position in shares of Farmer Brothers by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after acquiring an additional 829 shares in the last quarter. State Street Corp raised its position in Farmer Brothers by 11.6% during the second quarter. State Street Corp now owns 145,701 shares of the company’s stock valued at $4,405,000 after purchasing an additional 15,188 shares in the last quarter. Capital World Investors raised its position in Farmer Brothers by 150.7% during the second quarter. Capital World Investors now owns 425,000 shares of the company’s stock valued at $12,856,000 after purchasing an additional 255,457 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Farmer Brothers during the second quarter valued at approximately $1,560,000. Finally, Dimensional Fund Advisors LP raised its position in Farmer Brothers by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 732,654 shares of the company’s stock valued at $22,163,000 after purchasing an additional 74,796 shares in the last quarter. 54.20% of the stock is owned by institutional investors and hedge funds.

In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $29.60, for a total transaction of $10,360,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.20% of the company’s stock.

Farmer Brothers Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

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

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