FY2025 Earnings Estimate for Farmer Bros. Co. Issued By Roth Capital (NASDAQ:FARM)

Farmer Bros. Co. (NASDAQ:FARM) – Equities research analysts at Roth Capital reduced their FY2025 earnings estimates for Farmer Bros. in a research 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.

FARM has been the subject of several other research reports. StockNews.com cut shares of Farmer Bros. from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Craig Hallum began coverage on Farmer Bros. in a research note on Monday, June 17th. They issued a “buy” rating and a $6.00 price objective for the company. Finally, Roth Mkm lowered their target price on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating on the stock in a report on Wednesday.

Farmer Bros. Trading Down 2.8 %

NASDAQ:FARM opened at $2.11 on Friday. The stock has a market capitalization of $44.87 million, a price-to-earnings ratio of -0.92 and a beta of 1.79. Farmer Bros. has a 1 year low of $2.06 and a 1 year high of $4.04. The stock has a fifty day moving average price of $2.63 and a two-hundred day moving average price of $2.93. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.42.

Farmer Bros. (NASDAQ:FARM) last issued its earnings results on Thursday, September 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.22). Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $81.30 million. During the same period in the prior year, the business posted ($0.84) EPS.

Institutional Trading of Farmer Bros.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC lifted 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 valued at $1,499,000 after acquiring an additional 7,600 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after buying an additional 17,327 shares during the period. Sanders Morris Harris LLC lifted its holdings in Farmer Bros. by 42.9% in the 2nd quarter. Sanders Morris Harris LLC now owns 100,283 shares of the company’s stock worth $269,000 after buying an additional 30,122 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Farmer Bros. by 8.6% in the 1st quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock valued at $2,944,000 after buying an additional 65,277 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

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.