Farmer Brothers Company (NASDAQ:FARM) – Research analysts at B. Riley dropped their Q2 2018 earnings per share (EPS) estimates for shares of Farmer Brothers in a research note issued to investors on Wednesday. B. Riley analyst K. Anderson now expects that the company will post earnings of $0.18 per share for the quarter, down from their prior forecast of $0.19. B. Riley has a “Buy” rating and a $38.50 price target on the stock.
Several other analysts also recently commented on FARM. ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. TheStreet upgraded shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a research report on Monday, November 6th.
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Shares of Farmer Brothers (NASDAQ:FARM) opened at $31.70 on Friday. The firm has a market cap of $533.92, a P/E ratio of 62.16 and a beta of 0.44. Farmer Brothers has a 12-month low of $28.75 and a 12-month high of $37.55.
Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.03 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.04. The business had revenue of $131.70 million during the quarter, compared to the consensus estimate of $131.09 million. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. The company’s revenue was up .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.21 EPS.
A number of institutional investors and hedge funds have recently made changes to their positions in FARM. Bank of New York Mellon Corp increased its stake in Farmer Brothers by 11.3% in the 1st quarter. Bank of New York Mellon Corp now owns 95,650 shares of the company’s stock valued at $3,382,000 after buying an additional 9,725 shares during the period. American International Group Inc. increased its stake in Farmer Brothers by 7.0% in the 1st quarter. American International Group Inc. now owns 4,977 shares of the company’s stock valued at $176,000 after buying an additional 326 shares during the period. Vanguard Group Inc. increased its stake in Farmer Brothers by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 513,123 shares of the company’s stock valued at $18,139,000 after buying an additional 51,021 shares during the period. Geode Capital Management LLC increased its stake in Farmer Brothers by 3.6% in the 1st quarter. Geode Capital Management LLC now owns 87,471 shares of the company’s stock valued at $3,092,000 after buying an additional 3,057 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Farmer Brothers by 7.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 657,858 shares of the company’s stock worth $23,255,000 after purchasing an additional 43,405 shares during the period. 53.13% of the stock is currently owned by institutional investors.
Farmer Brothers Company Profile
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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