Farmer Brothers Co. (FARM) to Release Earnings on Wednesday


Farmer Brothers Co. (NASDAQ:FARM) is scheduled to be releasing its earnings data after the market closes on Wednesday, September 7th. Analysts expect Farmer Brothers to post earnings of $0.32 per share for the quarter.
In other news, CEO Michael H. Keown sold 12,000 shares of the stock in a transaction on Friday, June 10th. The shares were sold at an average price of $30.14, for a total transaction of $361,680.00. Following the completion of the sale, the chief executive officer now owns 59,242 shares of the company’s stock, valued at $1,785,553.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several equities research analysts have commented on the stock. Zacks Investment Research raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Monday. B. Riley reissued a “buy” rating and set a $34.00 price objective on shares of Farmer Brothers in a research report on Thursday, May 12th.

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Farmer Brothers Co. (NASDAQ:FARM) opened at 32.68 on Tuesday. The company has a 50-day moving average of $31.13 and a 200 day moving average of $29.48. The company has a market cap of $540.49 million and a P/E ratio of 152.71. Farmer Brothers Co. has a one year low of $21.08 and a one year high of $32.94.
Farmer Bros. Co is a manufacturer, wholesaler and distributor of coffee, tea and culinary products. The Company’s customers include restaurants, hotels, casinos, offices, quick service restaurants (QSRs), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers in the QSR, grocery, drugstore, restaurant, convenience store and coffee house channels.

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