-$0.15 EPS Expected for Farmer Bros Co (NASDAQ:FARM) This Quarter

Analysts expect Farmer Bros Co (NASDAQ:FARM) to post earnings per share of ($0.15) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Farmer Bros’ earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.16). Farmer Bros posted earnings of $0.14 per share during the same quarter last year, which would indicate a negative year over year growth rate of 207.1%. The firm is scheduled to announce its next earnings report on Tuesday, September 10th.

According to Zacks, analysts expect that Farmer Bros will report full-year earnings of ($3.99) per share for the current financial year, with EPS estimates ranging from ($4.00) to ($3.97). For the next financial year, analysts expect that the business will report earnings of $0.21 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Farmer Bros.

Farmer Bros (NASDAQ:FARM) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($3.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($3.11). Farmer Bros had a negative return on equity of 3.34% and a negative net margin of 10.72%. The business had revenue of $146.70 million during the quarter, compared to analyst estimates of $152.03 million. During the same period in the previous year, the business posted ($0.20) earnings per share. The firm’s quarterly revenue was down 7.1% on a year-over-year basis.

Several equities analysts have recently weighed in on FARM shares. Zacks Investment Research raised Farmer Bros from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 10th. Roth Capital reaffirmed a “neutral” rating and issued a $20.00 price objective (down from $28.00) on shares of Farmer Bros in a research note on Wednesday, May 8th. BidaskClub lowered Farmer Bros from a “hold” rating to a “sell” rating in a research note on Friday, July 26th. B. Riley lowered Farmer Bros from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $29.00 to $21.00 in a research note on Wednesday, May 8th. Finally, TheStreet lowered Farmer Bros from a “c” rating to a “d+” rating in a research note on Wednesday, May 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Farmer Bros has a consensus rating of “Hold” and a consensus price target of $22.33.

NASDAQ:FARM traded down $0.12 during mid-day trading on Friday, reaching $15.37. The company’s stock had a trading volume of 2,173 shares, compared to its average volume of 75,618. The stock’s fifty day moving average price is $16.98. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.93 and a current ratio of 2.03. Farmer Bros has a twelve month low of $15.40 and a twelve month high of $30.20. The company has a market cap of $280.65 million, a PE ratio of 118.23, a P/E/G ratio of 9.80 and a beta of 0.12.

In other news, major shareholder Levin Easterly Partners Llc purchased 129,979 shares of the stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average cost of $17.43 per share, for a total transaction of $2,265,533.97. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have acquired a total of 251,748 shares of company stock worth $4,381,363 over the last 90 days. 10.90% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hodges Capital Management Inc. acquired a new stake in shares of Farmer Bros in the first quarter valued at $250,000. Deutsche Bank AG lifted its holdings in shares of Farmer Bros by 38.0% in the fourth quarter. Deutsche Bank AG now owns 37,083 shares of the company’s stock valued at $863,000 after buying an additional 10,209 shares during the period. Kennedy Capital Management Inc. lifted its holdings in shares of Farmer Bros by 10.1% in the first quarter. Kennedy Capital Management Inc. now owns 446,082 shares of the company’s stock valued at $8,926,000 after buying an additional 40,869 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Farmer Bros by 16.9% in the first quarter. Gamco Investors INC. ET AL now owns 103,700 shares of the company’s stock valued at $2,075,000 after buying an additional 15,000 shares during the period. Finally, Millennium Management LLC acquired a new stake in shares of Farmer Bros in the fourth quarter valued at $225,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

About Farmer Bros

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 cold brew and iced coffee.

Further Reading: Retained Earnings

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Earnings History and Estimates for Farmer Bros (NASDAQ:FARM)

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