Media stories about Farmer Brothers (NASDAQ:FARM) have trended somewhat positive recently, Accern reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Farmer Brothers earned a news impact score of 0.20 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.3679849449209 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have effected Accern Sentiment’s scoring:
Shares of Farmer Brothers (FARM) traded down $0.55 on Wednesday, hitting $30.95. The stock had a trading volume of 53,400 shares, compared to its average volume of 53,110. Farmer Brothers has a 12-month low of $28.75 and a 12-month high of $37.35. The company has a market cap of $527.19, a PE ratio of 23.81 and a beta of 0.48.
Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The firm had revenue of $131.70 million for the quarter, compared to analysts’ expectations of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The business’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. research analysts forecast that Farmer Brothers will post 0.72 earnings per share for the current fiscal year.
A number of brokerages have recently commented on FARM. Zacks Investment Research cut Farmer Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BidaskClub raised Farmer Brothers from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 9th. B. Riley reissued a “buy” rating and issued a $38.50 price target on shares of Farmer Brothers in a research report on Wednesday, November 8th. Finally, TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. Farmer Brothers has an average rating of “Hold” and a consensus price target of $36.75.
In other Farmer Brothers news, Director Christopher P. Mottern acquired 2,000 shares of the stock in a transaction that occurred on Friday, November 10th. The shares were acquired at an average cost of $31.45 per share, with a total value of $62,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael H. Keown sold 22,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $30.96, for a total value of $681,120.00. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 6,000 shares of company stock worth $192,590 and sold 40,764 shares worth $1,319,029. Corporate insiders own 9.30% 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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