Farmer Bros. (FARM) Set to Announce Earnings on Thursday

Farmer Bros. (NASDAQ:FARM) will release its earnings data after the market closes on Thursday, May 9th. Analysts expect Farmer Bros. to post earnings of ($0.16) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, February 8th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The firm had revenue of $89.45 million during the quarter, compared to analysts’ expectations of $88.50 million. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. 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. Trading Up 0.9 %

Shares of Farmer Bros. stock opened at $3.21 on Wednesday. The firm has a market capitalization of $67.63 million, a PE ratio of -1.13 and a beta of 1.77. The company has a current ratio of 1.42, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. The firm’s 50 day moving average is $3.38 and its 200 day moving average is $3.21. Farmer Bros. has a 1 year low of $1.75 and a 1 year high of $4.04.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Farmer Bros. from a “hold” rating to a “buy” rating in a report on Friday, May 3rd.

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.