The Profit of Farmer Brothers Co. (FARM) Expected to Increase


Wall Street await Farmer Brothers Co. (NASDAQ:FARM) to release earnings on September, 14. Analysts forecast earnings per share of $0.33, up exactly $0.10 or 43.48% from 2014’s $0.23 EPS. The expected FARM’s profit could reach $5.57M giving the stock 25.75 P/E in the case that $0.33 earnings per share is reported. After posting $0.24 EPS for the previous quarter, Farmer Brothers Co.’s analysts now forecast 37.50% EPS growth. About 131,429 shares traded hands or 174.67% up from the average. Farmer Brothers Co. (NASDAQ:FARM) has risen 28.20% since February 8, 2016 and is uptrending. It has outperformed by 11.71% the S&P500.

The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.60, from 0.96 in 2016Q1. The ratio improved, as 5 funds sold all Farmer Brothers Co. shares owned while 27 reduced positions. 13 funds bought stakes while 37 increased positions. They now own 7.63 million shares or 13.19% more from 6.74 million shares in 2016Q1.

Trigran Investments Inc. holds 9.64% of its portfolio in Farmer Brothers Co. for 1.14 million shares. Perritt Capital Management Inc owns 181,637 shares or 1.54% of their US portfolio. Moreover, Park West Asset Management Llc has 1.13% invested in the company for 350,000 shares. The New York-based Price Michael F has invested 0.69% in the stock. Teton Advisors Inc., a New York-based fund reported 195,913 shares.

Farmer Bros. Co. is a manufacturer, wholesaler and distributor of coffee, tea and culinary products. The company has a market cap of $573.66 million. The Company’s clients include restaurants, hotels, casinos, offices, quick service restaurants , 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. It has a 162.44 P/E ratio. The Firm distributes its products through its nationwide direct-store-delivery (DSD) network of approximately 470 delivery routes, 111 branch warehouses and around five distribution centers, and through the distribution channels of its national account and institutional customers.

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