Farmer Brothers (FARM) Earning Somewhat Positive Media Coverage, Report Shows
Media coverage about Farmer Brothers (NASDAQ:FARM) has been trending somewhat positive on Monday, according to Accern. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Farmer Brothers earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.5920175136742 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern’s rankings:
- So that happened: Protests and power plants (chippewa.com)
- GALLAGHER: Primghar elevator turns to harvest after fire (siouxcityjournal.com)
- Farmers are true rock stars, Farm Aid headliners say (triblive.com)
- Farmer Brothers’ (FARM) Buy Rating Reaffirmed at B. Riley (americanbankingnews.com)
- Farmer Brothers Co. breached its 50 day moving average in a Bearish Manner : FARM-US : September 15, 2017 (finance.yahoo.com)
Shares of Farmer Brothers (NASDAQ:FARM) traded up 2.15% during midday trading on Monday, reaching $30.95. 16,420 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $31.49 and its 200 day moving average price is $32.26. Farmer Brothers has a one year low of $28.90 and a one year high of $37.55. The firm has a market capitalization of $513.92 million, a PE ratio of 4.81 and a beta of 0.43.
Farmer Brothers (NASDAQ:FARM) last posted its earnings results on Tuesday, September 12th. The company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.08). Farmer Brothers had a net margin of 19.84% and a return on equity of 7.55%. The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $135.72 million. During the same period last year, the business posted $0.23 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. On average, equities research analysts expect that Farmer Brothers will post $0.66 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. B. Riley reiterated a “buy” rating and set a $37.25 target price on shares of Farmer Brothers in a research report on Saturday. TheStreet lowered shares of Farmer Brothers from a “b” rating to a “c+” rating in a research report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.
In related news, major shareholder Carol Farmer Waite sold 350,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $29.60, for a total value of $10,360,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 9.20% of the company’s stock.
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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