Farmer Brothers Company (FARM) Posts Earnings Results
Farmer Brothers Company (NASDAQ:FARM) announced its quarterly earnings data on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08), Briefing.com reports. The business had revenue of $133.80 million during the quarter, compared to analyst estimates of $135.72 million. Farmer Brothers had a net margin of 19.84% and a return on equity of 7.55%. The firm’s revenue for the quarter was down .3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.23 earnings per share.
Shares of Farmer Brothers (FARM) traded down 0.15% on Tuesday, hitting $32.40. The stock had a trading volume of 103,901 shares. Farmer Brothers has a 1-year low of $28.90 and a 1-year high of $37.55. The firm has a 50 day moving average of $31.47 and a 200-day moving average of $32.30. The firm has a market capitalization of $538.00 million, a price-to-earnings ratio of 5.04 and a beta of 0.43.
A number of research analysts have recently issued reports on FARM shares. B. Riley reissued a “buy” rating and issued a $37.25 price objective on shares of Farmer Brothers in a research note on Monday, July 10th. TheStreet downgraded Farmer Brothers from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd.
In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $29.60, for a total value of $10,360,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 9.20% of the company’s stock.
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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.
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