Zacks: Analysts Anticipate Farmer Brothers Co. (FARM) to Announce $0.28 Earnings Per Share

Wall Street analysts expect that Farmer Brothers Co. (NASDAQ:FARM) will announce earnings per share (EPS) of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Farmer Brothers’ earnings, with estimates ranging from $0.19 to $0.20. Farmer Brothers reported earnings of $0.24 per share during the same quarter last year, which indicates a negative year over year growth rate of 16.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 4th.

According to Zacks, analysts expect that Farmer Brothers will report full year earnings of $0.90 per share for the current year, with EPS estimates ranging from $0.79 to $1.00. For the next year, analysts anticipate that the firm will post earnings of $1.28 per share, with EPS estimates ranging from $1.22 to $1.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Farmer Brothers.

Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.18. Farmer Brothers had a return on equity of 9.25% and a net margin of 19.91%. The company had revenue of $139 million for the quarter, compared to the consensus estimate of $143.85 million. During the same period in the previous year, the firm earned $0.34 earnings per share. The company’s revenue was down 2.3% compared to the same quarter last year.

A number of research analysts have recently issued reports on the stock. B. Riley reiterated a “buy” rating and set a $38.50 price target on shares of Farmer Brothers in a research note on Wednesday, February 8th. Zacks Investment Research upgraded shares of Farmer Brothers from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Thursday, February 9th.

In other Farmer Brothers news, CEO Michael H. Keown sold 12,000 shares of the company’s stock in a transaction dated Friday, March 10th. The shares were sold at an average price of $31.66, for a total transaction of $379,920.00. Following the transaction, the chief executive officer now directly owns 59,242 shares in the company, valued at $1,875,601.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 38.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of FARM. Fortaleza Asset Management Inc. raised its position in shares of Farmer Brothers by 8.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,990 shares of the company’s stock valued at $146,000 after buying an additional 295 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Farmer Brothers during the third quarter valued at $242,000. Analytic Investors LLC raised its position in shares of Farmer Brothers by 1.3% in the third quarter. Analytic Investors LLC now owns 8,079 shares of the company’s stock valued at $287,000 after buying an additional 100 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Farmer Brothers by 23.3% in the third quarter. Wells Fargo & Company MN now owns 10,052 shares of the company’s stock valued at $357,000 after buying an additional 1,902 shares during the last quarter. Finally, Geduld E E raised its position in shares of Farmer Brothers by 25.0% in the third quarter. Geduld E E now owns 12,500 shares of the company’s stock valued at $444,000 after buying an additional 2,500 shares during the last quarter. Institutional investors own 48.28% of the company’s stock.

Shares of Farmer Brothers (NASDAQ:FARM) traded up 0.85% during midday trading on Monday, reaching $35.60. The company’s stock had a trading volume of 37,139 shares. The company has a 50 day moving average price of $34.15 and a 200-day moving average price of $33.96. The stock has a market capitalization of $590.39 million, a PE ratio of 5.57 and a beta of 1.04. Farmer Brothers has a 52 week low of $26.69 and a 52 week high of $37.55.

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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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