Q1 2018 EPS Estimates for Farmer Brothers Company Cut by B. Riley (FARM)

Farmer Brothers Company (NASDAQ:FARM) – Research analysts at B. Riley dropped their Q1 2018 earnings per share (EPS) estimates for Farmer Brothers Company in a research report issued on Monday. B. Riley analyst K. Anderson now expects that the company will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.21. B. Riley has a “Buy” rating and a $37.25 price objective on the stock. B. Riley also issued estimates for Farmer Brothers Company’s Q3 2018 earnings at $0.15 EPS and FY2019 earnings at $0.89 EPS.

A number of other research analysts also recently issued reports on the company. ValuEngine upgraded Farmer Brothers Company from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded Farmer Brothers Company from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research downgraded Farmer Brothers Company from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th.

Earnings History and Estimates for Farmer Brothers Company (NASDAQ:FARM)

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Shares of Farmer Brothers Company (NASDAQ FARM) opened at 30.35 on Tuesday. The firm has a market cap of $503.96 million, a P/E ratio of 4.72 and a beta of 0.55. The company’s 50 day moving average price is $31.98 and its 200-day moving average price is $33.75. Farmer Brothers Company has a 12-month low of $28.86 and a 12-month high of $37.55.

Farmer Brothers Company (NASDAQ:FARM) last released its earnings results on Tuesday, May 9th. The company reported $0.17 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. Farmer Brothers Company had a return on equity of 7.55% and a net margin of 19.84%. The firm had revenue of $138.20 million for the quarter, compared to analyst estimates of $136.88 million. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year.

A number of hedge funds have recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in Farmer Brothers Company by 18.3% in the first quarter. Bank of America Corp DE now owns 51,807 shares of the company’s stock worth $1,832,000 after buying an additional 7,996 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Farmer Brothers Company by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,054 shares of the company’s stock worth $1,416,000 after buying an additional 2,223 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Farmer Brothers Company by 1.1% in the first quarter. Renaissance Technologies LLC now owns 443,200 shares of the company’s stock worth $15,667,000 after buying an additional 5,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Farmer Brothers Company by 7.1% in the first quarter. Dimensional Fund Advisors LP now owns 657,858 shares of the company’s stock worth $23,255,000 after buying an additional 43,405 shares during the last quarter. Finally, Kennedy Capital Management Inc. bought a new stake in Farmer Brothers Company during the first quarter worth $2,584,000. 50.46% of the stock is owned by institutional investors.

Farmer Brothers Company Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FARM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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