Equities research analysts expect that Farmer Bros Co (NASDAQ:FARM) will announce earnings of $0.02 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Farmer Bros’ earnings. The highest EPS estimate is $0.03 and the lowest is $0.00. Farmer Bros reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 86.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 5th.

On average, analysts expect that Farmer Bros will report full year earnings of $0.18 per share for the current year, with EPS estimates ranging from $0.17 to $0.18. For the next year, analysts expect that the business will report earnings of $0.90 per share, with EPS estimates ranging from $0.87 to $0.93. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that that provide coverage for Farmer Bros.

Farmer Bros (NASDAQ:FARM) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.09). The business had revenue of $147.44 million during the quarter, compared to analysts’ expectations of $146.39 million. Farmer Bros had a negative net margin of 4.10% and a negative return on equity of 0.57%. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.05 EPS.

A number of equities analysts have issued reports on the company. BidaskClub raised Farmer Bros from a “strong sell” rating to a “sell” rating in a research report on Thursday, August 23rd. B. Riley lowered their price target on Farmer Bros from $34.00 to $32.00 and set a “buy” rating for the company in a report on Thursday, September 27th. Finally, Zacks Investment Research downgraded Farmer Bros from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $33.75.

Farmer Bros stock traded down $0.40 during midday trading on Friday, hitting $23.55. 41,339 shares of the company were exchanged, compared to its average volume of 66,926. The firm has a market capitalization of $399.83 million, a PE ratio of 181.15, a price-to-earnings-growth ratio of 16.82 and a beta of 0.17. Farmer Bros has a fifty-two week low of $23.02 and a fifty-two week high of $34.95.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. grew its holdings in Farmer Bros by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,501 shares of the company’s stock worth $1,666,000 after acquiring an additional 1,788 shares during the period. First Trust Advisors LP grew its stake in shares of Farmer Bros by 18.2% in the 2nd quarter. First Trust Advisors LP now owns 12,087 shares of the company’s stock valued at $369,000 after buying an additional 1,860 shares during the period. US Bancorp DE grew its stake in shares of Farmer Bros by 5.8% in the 3rd quarter. US Bancorp DE now owns 45,448 shares of the company’s stock valued at $1,200,000 after buying an additional 2,500 shares during the period. MetLife Investment Advisors LLC grew its stake in shares of Farmer Bros by 63.1% in the 3rd quarter. MetLife Investment Advisors LLC now owns 6,469 shares of the company’s stock valued at $171,000 after buying an additional 2,502 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Farmer Bros by 4.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 92,054 shares of the company’s stock valued at $2,813,000 after buying an additional 3,577 shares during the period. Institutional investors and hedge funds own 60.32% of the company’s stock.

Farmer Bros Company Profile

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 cold brew and iced coffee.

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

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