Farmer Bros. (NASDAQ:FARM) Posts Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Farmer Bros. (NASDAQ:FARM) issued its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18, Zacks reports. Farmer Bros. had a negative net margin of 2.20% and a negative return on equity of 35.41%.

Farmer Bros. Price Performance

FARM traded down $0.08 on Thursday, reaching $1.80. The stock had a trading volume of 225,534 shares, compared to its average volume of 59,799. The firm has a 50-day moving average of $1.84 and a 200-day moving average of $2.13. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $3.86. The company has a market capitalization of $38.43 million, a price-to-earnings ratio of -5.00 and a beta of 1.78. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Farmer Bros. in a research note on Saturday, February 1st. They issued a “hold” rating on the stock.

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.