Farmer Brothers (FARM) Given Daily News Impact Score of 0.15
News headlines about Farmer Brothers (NASDAQ:FARM) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Farmer Brothers earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 45.0323870355418 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news articles that may have impacted Accern’s rankings:
- Milk vending machine heralds new era for farm (pressandjournal.co.uk)
- Koch Brothers Receive $400 Million In Subsidies, Want Government Out Of Thanksgiving (ibtimes.com)
- From chicken farm to tech powerhouse: As Microsoft’s campus renovation plans emerge, look back at the site over the years (bizjournals.com)
- Woman sentenced to 30 years prison for kidnapping of murdered teenage brothers (nwitimes.com)
- They fed Boise’s coffee thirst before Starbucks and Dutch Bros. Now they’re up for sale (idahostatesman.com)
Shares of Farmer Brothers (NASDAQ FARM) traded up $0.20 on Friday, hitting $34.40. The stock had a trading volume of 28,007 shares, compared to its average volume of 55,902. The stock has a market cap of $579.40, a PE ratio of 67.45 and a beta of 0.45. Farmer Brothers has a fifty-two week low of $28.75 and a fifty-two week high of $37.35.
Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same quarter last year, the business posted $0.21 EPS. equities analysts forecast that Farmer Brothers will post 0.72 earnings per share for the current fiscal year.
Several research firms have weighed in on FARM. B. Riley reaffirmed a “buy” rating and issued a $38.50 target price on shares of Farmer Brothers in a research report on Wednesday, November 8th. Zacks Investment Research raised Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 target price for the company in a research report on Monday, November 6th. TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.
In related news, Director Charles F. Marcy acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $33.69 per share, for a total transaction of $33,690.00. Following the purchase, the director now owns 4,577 shares of the company’s stock, valued at approximately $154,199.13. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Michael H. Keown sold 22,000 shares of Farmer Brothers stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $30.96, for a total value of $681,120.00. The disclosure for this sale can be found here. In the last quarter, insiders bought 6,000 shares of company stock valued at $192,590 and sold 34,284 shares valued at $1,096,170. 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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