Farmer Bros. (FARM) Scheduled to Post Earnings on Thursday

Farmer Bros. (NASDAQ:FARM) will announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of ($0.23) per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, September 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). Farmer Bros. had a negative net margin of 1.14% and a negative return on equity of 27.35%. The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $81.30 million. During the same period last year, the business posted ($0.84) EPS. On average, analysts expect Farmer Bros. to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Farmer Bros. Price Performance

Shares of NASDAQ:FARM remained flat at $1.80 during trading on Tuesday. The stock had a trading volume of 5,987 shares, compared to its average volume of 68,186. Farmer Bros. has a one year low of $1.67 and a one year high of $4.04. The company has a current ratio of 1.34, a quick ratio of 0.59 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average price of $2.17 and a two-hundred day moving average price of $2.60.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Farmer Bros. from a “buy” rating to a “hold” rating in a research report on Monday, September 16th. Roth Mkm dropped their target price on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a report on Wednesday, September 18th.

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.