Farmer Bros. Co. (NASDAQ:FARM) Expected to Post Quarterly Sales of $106.02 Million

Wall Street analysts expect Farmer Bros. Co. (NASDAQ:FARM) to report $106.02 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Farmer Bros.’s earnings, with the lowest sales estimate coming in at $100.04 million and the highest estimate coming in at $112.00 million. Farmer Bros. posted sales of $81.08 million in the same quarter last year, which would indicate a positive year over year growth rate of 30.8%. The business is scheduled to report its next quarterly earnings report on Thursday, September 9th.

According to Zacks, analysts expect that Farmer Bros. will report full year sales of $408.92 million for the current fiscal year, with estimates ranging from $395.03 million to $422.80 million. For the next financial year, analysts anticipate that the business will report sales of $502.65 million, with estimates ranging from $489.29 million to $516.00 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Farmer Bros..

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, May 6th. The company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.40) by ($0.38). The firm had revenue of $93.15 million for the quarter, compared to analyst estimates of $107.37 million. Farmer Bros. had a negative net margin of 12.60% and a negative return on equity of 26.90%.

Separately, B. Riley upgraded Farmer Bros. from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $6.50 to $12.50 in a research note on Wednesday, March 31st.

Large investors have recently added to or reduced their stakes in the company. Sowell Financial Services LLC bought a new position in shares of Farmer Bros. in the first quarter worth $48,000. Susquehanna International Group LLP bought a new position in Farmer Bros. during the fourth quarter valued at about $55,000. BNP Paribas Arbitrage SA boosted its stake in Farmer Bros. by 98.5% during the first quarter. BNP Paribas Arbitrage SA now owns 7,876 shares of the company’s stock valued at $82,000 after buying an additional 3,908 shares in the last quarter. Virtu Financial LLC bought a new position in Farmer Bros. during the fourth quarter valued at about $107,000. Finally, The Manufacturers Life Insurance Company bought a new position in Farmer Bros. during the first quarter valued at about $114,000. 60.78% of the stock is owned by institutional investors.

FARM traded down $0.28 during trading on Tuesday, reaching $11.81. 296 shares of the company were exchanged, compared to its average volume of 279,492. The firm has a market capitalization of $210.49 million, a PE ratio of -4.41 and a beta of 1.65. The business’s 50 day moving average price is $10.73. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.78 and a current ratio of 1.79. Farmer Bros. has a 52 week low of $3.40 and a 52 week high of $13.08.

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; flavoured and unflavoured 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 concentrated and ready-to-drink cold brew and iced coffee.

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