Farmer Bros. Co. Forecasted to Earn FY2025 Earnings of ($0.69) Per Share (NASDAQ:FARM)

Farmer Bros. Co. (NASDAQ:FARM) – Roth Capital lowered their FY2025 EPS estimates for shares of Farmer Bros. in a note issued to investors on Wednesday, September 18th. Roth Capital analyst G. Sweeney now expects that the company will post earnings of ($0.69) per share for the year, down from their prior forecast of ($0.47). The consensus estimate for Farmer Bros.’s current full-year earnings is ($0.66) per share.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). The firm had revenue of $84.40 million during the quarter, compared to analyst estimates of $81.30 million. Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. During the same quarter in the prior year, the firm earned ($0.84) EPS.

Several other brokerages have also recently issued reports on FARM. Craig Hallum began coverage on shares of Farmer Bros. in a research report on Monday, June 17th. They set a “buy” rating and a $6.00 target price on the stock. Roth Mkm reduced their target price on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday. Finally, StockNews.com lowered Farmer Bros. from a “buy” rating to a “hold” rating in a report on Monday, September 16th.

Farmer Bros. Stock Performance

NASDAQ FARM opened at $2.11 on Friday. Farmer Bros. has a twelve month low of $2.06 and a twelve month high of $4.04. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $44.87 million, a price-to-earnings ratio of -0.92 and a beta of 1.79. The business has a 50-day moving average price of $2.63 and a 200-day moving average price of $2.93.

Institutional Trading of Farmer Bros.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FARM. Sanders Morris Harris LLC acquired a new stake in shares of Farmer Bros. in the first quarter valued at about $250,000. Dimensional Fund Advisors LP raised its stake in Farmer Bros. by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after purchasing an additional 17,327 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Farmer Bros. by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after buying an additional 7,600 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Farmer Bros. by 8.6% during the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after acquiring an additional 65,277 shares during the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

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.