Equities research analysts expect that Farmer Brothers (NASDAQ:FARM) will announce earnings of $0.20 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Farmer Brothers’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.23. Farmer Brothers posted earnings per share of $0.17 during the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The firm is expected to issue its next quarterly earnings report after the market closes on Tuesday, May 8th.
According to Zacks, analysts expect that Farmer Brothers will report full year earnings of ($0.59) per share for the current fiscal year, with EPS estimates ranging from ($0.62) to ($0.55). For the next fiscal year, analysts expect that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.16 to $1.17. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Farmer Brothers.
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Farmer Brothers (NASDAQ:FARM) last posted its earnings results on Tuesday, February 6th. The company reported ($1.09) EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.27). Farmer Brothers had a positive return on equity of 4.43% and a negative net margin of 2.98%. The firm had revenue of $167.37 million for the quarter, compared to analyst estimates of $161.62 million. During the same period in the previous year, the firm posted $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis.
Several research firms recently issued reports on FARM. BidaskClub raised shares of Farmer Brothers from a “hold” rating to a “buy” rating in a report on Friday, March 16th. Zacks Investment Research cut shares of Farmer Brothers from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Roth Capital reaffirmed a “buy” rating and issued a $41.00 price target on shares of Farmer Brothers in a report on Thursday, March 8th. Finally, TheStreet cut shares of Farmer Brothers from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $38.50.
In other Farmer Brothers news, Director Jeanne Farmer Grossman sold 20,000 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $31.80, for a total transaction of $636,000.00. Following the completion of the sale, the director now owns 18,874 shares in the company, valued at $600,193.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christopher P. Mottern bought 1,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were acquired at an average price of $30.26 per share, with a total value of $45,390.00. The disclosure for this purchase can be found here. Corporate insiders own 9.20% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in FARM. Granite Investment Partners LLC increased its stake in Farmer Brothers by 22.0% during the first quarter. Granite Investment Partners LLC now owns 438,104 shares of the company’s stock valued at $13,231,000 after purchasing an additional 79,119 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Farmer Brothers by 10.2% during the third quarter. Dimensional Fund Advisors LP now owns 807,678 shares of the company’s stock valued at $26,531,000 after purchasing an additional 75,024 shares during the last quarter. Royce & Associates LP increased its stake in Farmer Brothers by 10.9% during the fourth quarter. Royce & Associates LP now owns 320,406 shares of the company’s stock valued at $10,301,000 after purchasing an additional 31,529 shares during the last quarter. Kennedy Capital Management Inc. increased its stake in Farmer Brothers by 12.3% during the fourth quarter. Kennedy Capital Management Inc. now owns 236,714 shares of the company’s stock valued at $7,610,000 after purchasing an additional 25,926 shares during the last quarter. Finally, Fruth Investment Management bought a new stake in Farmer Brothers during the fourth quarter valued at $517,000. Hedge funds and other institutional investors own 56.42% of the company’s stock.
Shares of NASDAQ FARM traded up $0.40 during trading on Friday, reaching $27.75. 27,145 shares of the stock were exchanged, compared to its average volume of 67,992. Farmer Brothers has a twelve month low of $27.10 and a twelve month high of $35.05. The stock has a market cap of $464.74, a P/E ratio of 39.64 and a beta of 0.48.
About Farmer Brothers
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 iced coffee.
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