Farmer Bros. (NASDAQ:FARM – Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18, Zacks reports. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.18%.
Farmer Bros. Stock Up 21.1 %
NASDAQ FARM opened at $2.18 on Friday. The firm’s 50 day moving average is $1.83 and its 200-day moving average is $2.12. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.86.
Analysts Set New Price Targets
Separately, StockNews.com began coverage on Farmer Bros. in a research note on Saturday, February 1st. They issued a “hold” rating on the stock.
About Farmer Bros.
Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied 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 spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.
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