Press coverage about Farmer Brothers (NASDAQ:FARM) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Farmer Brothers earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.1227139899891 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Shares of Farmer Brothers (NASDAQ FARM) traded down $0.20 during trading hours on Friday, hitting $34.50. The stock had a trading volume of 61,400 shares, compared to its average volume of 66,878. Farmer Brothers has a twelve month low of $28.75 and a twelve month high of $37.35. The stock has a market cap of $584.46, a P/E ratio of 68.04 and a beta of 0.45.
Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The business had revenue of $131.70 million for the quarter, compared to the consensus estimate of $131.09 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up .9% compared to the same quarter last year. research analysts expect that Farmer Brothers will post 0.72 earnings per share for the current fiscal year.
FARM has been the topic of several research reports. Zacks Investment Research downgraded Farmer Brothers from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st. B. Riley reiterated a “buy” rating and issued a $38.50 price target on shares of Farmer Brothers in a report on Wednesday, November 8th. Finally, ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
In other Farmer Brothers news, Director Christopher P. Mottern acquired 2,000 shares of the stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $31.45 per share, with a total value of $62,900.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Randy E. Clark acquired 3,000 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $32.00 per share, with a total value of $96,000.00. Following the transaction, the director now directly owns 14,316 shares in the company, valued at $458,112. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 6,000 shares of company stock worth $192,590 and sold 40,764 shares worth $1,319,029. Company insiders own 9.20% of the company’s stock.
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About Farmer Brothers
Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.
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