StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM – Free Report) in a research report released on Thursday. The firm issued a hold rating on the stock.
Farmer Bros. Price Performance
NASDAQ FARM opened at $2.23 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.76. The company has a market capitalization of $47.62 million, a PE ratio of -4.65 and a beta of 1.76. The firm’s 50 day moving average is $2.12 and its 200-day moving average is $2.10.
Farmer Bros. (NASDAQ:FARM – Get Free Report) last released its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. Equities research analysts anticipate that Farmer Bros. will post -0.37 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Farmer Bros.
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.
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