Farmer Bros. (NASDAQ:FARM) Posts Quarterly Earnings Results, Meets Estimates

Farmer Bros. (NASDAQ:FARMGet Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.22) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.22), Yahoo Finance reports. The company had revenue of $84.40 million during the quarter, compared to the consensus estimate of $81.30 million. Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. During the same quarter in the prior year, the firm posted ($0.84) EPS.

Farmer Bros. Price Performance

Shares of NASDAQ:FARM opened at $2.31 on Friday. Farmer Bros. has a one year low of $2.12 and a one year high of $4.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.65. The company has a market cap of $49.11 million, a price-to-earnings ratio of -1.01 and a beta of 1.79. The firm has a 50 day simple moving average of $2.69 and a 200 day simple moving average of $2.99.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on FARM. StockNews.com raised Farmer Bros. from a “hold” rating to a “buy” rating in a report on Sunday, May 19th. Craig Hallum assumed coverage on Farmer Bros. in a research report on Monday, June 17th. They set a “buy” rating and a $6.00 price objective for the company.

View Our Latest Research Report on FARM

Farmer Bros. Company Profile

(Get Free Report)

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.

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Earnings History for Farmer Bros. (NASDAQ:FARM)

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