Farmer Bros. (NASDAQ:FARM) Announces Earnings Results

Farmer Bros. (NASDAQ:FARM) released its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.12) by $0.18, Zacks reports. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%.

Farmer Bros. Stock Up 40.7 %

Shares of NASDAQ FARM opened at $2.53 on Friday. The firm has a market cap of $54.06 million, a P/E ratio of -6.93 and a beta of 1.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.86. The firm’s 50 day moving average price is $1.83 and its 200 day moving average price is $2.12.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Farmer Bros. in a research note on Saturday, February 1st. They set a “hold” rating on the stock.

Farmer Bros. Company Profile

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.