Farmer Bros. (NASDAQ:FARM) Announces Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Farmer Bros. (NASDAQ:FARM) posted its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18, Zacks reports. Farmer Bros. had a negative return on equity of 27.18% and a negative net margin of 2.92%.

Farmer Bros. Stock Performance

Farmer Bros. stock opened at $2.18 on Friday. The stock has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $2.12. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. Farmer Bros. has a 52 week low of $1.60 and a 52 week high of $3.86.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Farmer Bros. in a research note on Saturday, February 1st. They issued a “hold” rating for the company.

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.