Farmer Bros. (FARM) to Release Quarterly Earnings on Thursday

Farmer Bros. (NASDAQ:FARM) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Farmer Bros. to post earnings of ($0.23) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). The company had revenue of $84.40 million for the quarter, compared to the consensus estimate of $81.30 million. Farmer Bros. had a negative return on equity of 27.35% and a negative net margin of 1.14%. During the same period last year, the business posted ($0.84) EPS. On average, analysts expect Farmer Bros. to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmer Bros. Stock Performance

Farmer Bros. stock opened at $1.77 on Wednesday. The stock’s 50-day moving average is $2.15 and its 200-day moving average is $2.59. The company has a market cap of $37.65 million, a price-to-earnings ratio of -9.83 and a beta of 1.77. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.59. Farmer Bros. has a 12 month low of $1.67 and a 12 month high of $4.04.

Analysts Set New Price Targets

A number of research firms have recently commented on FARM. StockNews.com downgraded Farmer Bros. from a “buy” rating to a “hold” rating in a report on Monday, September 16th. Roth Mkm cut their price objective on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Wednesday, September 18th.

About Farmer Bros.

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.