Wall Street brokerages expect Farmer Bros Co (NASDAQ:FARM) to post $0.02 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Farmer Bros’ earnings. The lowest EPS estimate is $0.00 and the highest is $0.03. Farmer Bros posted earnings per share of $0.15 in the same quarter last year, which would indicate a negative year-over-year growth rate of 86.7%. The company is scheduled to announce its next earnings results on Tuesday, February 5th.

On average, analysts expect that Farmer Bros will report full-year earnings of $0.18 per share for the current financial year, with EPS estimates ranging from $0.17 to $0.18. For the next fiscal year, analysts anticipate that the company will post earnings of $0.90 per share, with EPS estimates ranging from $0.87 to $0.93. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover Farmer Bros.

Farmer Bros (NASDAQ:FARM) last announced its earnings results on Wednesday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.09). Farmer Bros had a negative net margin of 4.10% and a negative return on equity of 0.57%. The firm had revenue of $147.44 million during the quarter, compared to analyst estimates of $146.39 million. During the same period in the prior year, the business posted $0.05 EPS. The firm’s quarterly revenue was up 12.0% compared to the same quarter last year.

FARM has been the topic of a number of recent research reports. B. Riley dropped their target price on Farmer Bros from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. BidaskClub raised Farmer Bros from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. Finally, Zacks Investment Research lowered Farmer Bros from a “hold” rating to a “strong sell” rating in a research report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. Farmer Bros currently has an average rating of “Hold” and an average target price of $33.75.

Shares of Farmer Bros stock opened at $24.84 on Tuesday. Farmer Bros has a 52-week low of $22.02 and a 52-week high of $33.95. The company has a market capitalization of $421.22 million, a P/E ratio of 191.08, a PEG ratio of 17.72 and a beta of 0.18.

A number of institutional investors have recently made changes to their positions in FARM. Swiss National Bank increased its position in shares of Farmer Bros by 24.4% during the 2nd quarter. Swiss National Bank now owns 20,900 shares of the company’s stock worth $638,000 after purchasing an additional 4,100 shares during the last quarter. North Star Investment Management Corp. increased its position in shares of Farmer Bros by 13.2% during the 3rd quarter. North Star Investment Management Corp. now owns 77,150 shares of the company’s stock worth $2,037,000 after purchasing an additional 9,000 shares during the last quarter. BlackRock Inc. increased its position in shares of Farmer Bros by 12.8% during the 2nd quarter. BlackRock Inc. now owns 664,180 shares of the company’s stock worth $20,291,000 after purchasing an additional 75,313 shares during the last quarter. Northern Trust Corp increased its position in shares of Farmer Bros by 8.0% during the 2nd quarter. Northern Trust Corp now owns 185,673 shares of the company’s stock worth $5,672,000 after purchasing an additional 13,733 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Farmer Bros by 3.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 54,501 shares of the company’s stock worth $1,666,000 after purchasing an additional 1,788 shares during the last quarter. 60.32% of the stock is currently owned by institutional investors and hedge funds.

Farmer Bros Company Profile

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.

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