Somewhat Favorable News Coverage Somewhat Unlikely to Impact Farmer Brothers (FARM) Stock Price

News articles about Farmer Brothers (NASDAQ:FARM) have trended somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Farmer Brothers earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.9820822685387 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news headlines that may have effected Accern Sentiment’s scoring:

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A number of research firms have recently issued reports on FARM. Zacks Investment Research raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, April 10th. BidaskClub downgraded shares of Farmer Brothers from a “buy” rating to a “hold” rating in a research note on Friday, March 23rd. Roth Capital reissued a “buy” rating and issued a $41.00 price target on shares of Farmer Brothers in a research note on Thursday, March 8th. Finally, TheStreet downgraded shares of Farmer Brothers from a “b-” rating to a “c” rating in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $38.50.

Shares of FARM stock traded up $0.05 during trading on Tuesday, reaching $29.25. The company’s stock had a trading volume of 24,740 shares, compared to its average volume of 71,984. The stock has a market capitalization of $485.02, a P/E ratio of 41.79 and a beta of 0.47. Farmer Brothers has a 1-year low of $28.50 and a 1-year high of $35.85.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($1.27). The business had revenue of $167.37 million during the quarter, compared to analyst estimates of $161.62 million. Farmer Brothers had a negative net margin of 2.98% and a positive return on equity of 4.43%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.20 EPS. equities analysts forecast that Farmer Brothers will post -0.59 earnings per share for the current fiscal year.

In other Farmer Brothers news, Director Jeanne Farmer Grossman sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $31.80, for a total transaction of $636,000.00. Following the completion of the transaction, the director now owns 18,874 shares in the company, valued at approximately $600,193.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christopher P. Mottern purchased 1,500 shares of the stock in a transaction on Wednesday, February 14th. The shares were purchased at an average price of $30.26 per share, with a total value of $45,390.00. The disclosure for this purchase can be found here. Insiders own 9.30% of the company’s stock.

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About Farmer Brothers

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink iced coffee.

Insider Buying and Selling by Quarter for Farmer Brothers (NASDAQ:FARM)

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