StockNews.com began coverage on shares of Farmer Bros. (NASDAQ:FARM – Free Report) in a report released on Friday. The brokerage issued a hold rating on the stock.
Farmer Bros. Stock Performance
Shares of NASDAQ:FARM opened at $1.70 on Friday. The business has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $2.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 0.58. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $4.04.
Farmer Bros. (NASDAQ:FARM – Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Farmer Bros. had a negative net margin of 2.20% and a negative return on equity of 35.41%. The company had revenue of $85.07 million for the quarter, compared to the consensus estimate of $84.80 million. During the same quarter last year, the company earned ($0.06) EPS. Equities research analysts forecast that Farmer Bros. will post -0.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
Farmer Bros. Company Profile
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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