StockNews.com upgraded shares of Farmer Bros. (NASDAQ:FARM – Free Report) from a hold rating to a buy rating in a research report released on Sunday.
Farmer Bros. Trading Up 7.1 %
Shares of FARM stock opened at $3.00 on Friday. Farmer Bros. has a 52-week low of $1.75 and a 52-week high of $4.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.42. The company has a 50-day simple moving average of $3.26 and a two-hundred day simple moving average of $3.24. The company has a market capitalization of $63.79 million, a price-to-earnings ratio of -1.31 and a beta of 1.77.
Farmer Bros. (NASDAQ:FARM – Get Free Report) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. The firm had revenue of $85.36 million during the quarter, compared to the consensus estimate of $88.50 million. During the same period in the previous year, the company posted ($0.57) earnings per share. Research analysts anticipate that Farmer Bros. will post -0.66 EPS for the current fiscal year.
Institutional Inflows and Outflows
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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