Farmer Brothers Company (NASDAQ:FARM) released its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.08), Briefing.com reports. Farmer Brothers had a net margin of 19.84% and a return on equity of 7.55%. The firm had revenue of $133.80 million for the quarter, compared to the consensus estimate of $135.72 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The company’s revenue was down .3% compared to the same quarter last year.
Farmer Brothers (NASDAQ:FARM) traded down 0.15% on Tuesday, reaching $32.40. The company’s stock had a trading volume of 103,901 shares. The company’s 50 day moving average price is $31.47 and its 200-day moving average price is $32.30. Farmer Brothers has a 12-month low of $28.90 and a 12-month high of $37.55. The stock has a market cap of $538.00 million, a PE ratio of 5.04 and a beta of 0.43.
Several brokerages recently issued reports on FARM. B. Riley reiterated a “buy” rating and set a $37.25 price target (down previously from $39.50) on shares of Farmer Brothers in a report on Sunday, June 18th. ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, TheStreet downgraded Farmer Brothers from a “b” rating to a “c+” rating in a report on Tuesday, May 30th.
In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Company insiders own 9.20% of the company’s stock.
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About Farmer Brothers
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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