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

Farmer Bros. Co. (NASDAQ:FARM) – Equities researchers at Roth Capital decreased their FY2025 earnings per share estimates for shares of 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 previous estimate 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) earnings per share for the quarter, meeting the consensus estimate of ($0.22). The company had revenue of $84.40 million for the quarter, compared to analyst estimates of $81.30 million. Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. During the same period in the previous year, the company posted ($0.84) earnings per share.

A number of other research analysts have also recently issued reports on the stock. Roth Mkm lowered their price target on shares of Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Wednesday. Craig Hallum assumed coverage on Farmer Bros. in a research report on Monday, June 17th. They issued a “buy” rating and a $6.00 price target on the stock. Finally, StockNews.com lowered Farmer Bros. from a “buy” rating to a “hold” rating in a research report on Monday.

Farmer Bros. Stock Performance

Shares of FARM stock opened at $2.17 on Friday. The company’s fifty day moving average price is $2.65 and its 200-day moving average price is $2.95. The stock has a market cap of $46.14 million, a PE ratio of -0.95 and a beta of 1.79. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.54. Farmer Bros. has a 12 month low of $2.10 and a 12 month high of $4.04.

Hedge Funds Weigh In On Farmer Bros.

A number of institutional investors have recently bought and sold shares of the stock. Sanders Morris Harris LLC bought a new position in shares of Farmer Bros. in the first quarter worth about $250,000. Vanguard Group Inc. boosted its position in shares of Farmer Bros. by 8.6% in the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after purchasing an additional 65,277 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Farmer Bros. by 4.9% in 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. Finally, Renaissance Technologies LLC raised its position 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 purchasing an additional 7,600 shares during the period. 64.48% of the stock is owned by 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.