In today’s recent session, 0.45 million shares of the Farmer Bros. Co (NASDAQ:FARM) have been traded, and its beta is 1.89. Most recently the company’s share price was $2.22, and it changed around $0.04 or 1.83% from the last close, which brings the market valuation of the company to $47.40M. FARM at last check was trading at a discount to its 52-week high of $3.86, offering almost -73.87% off that amount. The share price’s 52-week low was $1.60, which indicates that the recent value has risen by an impressive 27.93% since then. We note from Farmer Bros. Co’s average daily trading volume that its 10-day average is 2.98 million shares, with the 3-month average coming to 560.08K.
Farmer Bros. Co stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended FARM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Farmer Bros. Co is expected to report earnings per share of -0.15 for the current quarter.
Farmer Bros. Co (NASDAQ:FARM) trade information
Instantly FARM has been showing a green trend so far today with a performance of 1.83% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.83 on recent trading dayincreased the stock’s daily price by 21.55%. The company’s shares are currently up 23.33% year-to-date, but still up 22.65% over the last five days. On the other hand, Farmer Bros. Co (NASDAQ:FARM) is 23.33% up in the 30-day period. We can see from the shorts that 86322.0 shares have been sold at a short interest cover period of 1.19 day(s).
Farmer Bros. Co (FARM) estimates and forecasts
The year-over-year growth rate is expected to be 2.58%, up from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 87.48M in revenue for the current quarter. 1 analysts expect Farmer Bros. Co to make 87.31M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 85.36M and 84.4M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 2.49%. Forecasts for the next quarter put sales growth at 3.45%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 46.82%.
FARM Dividends
Farmer Bros. Co’s next quarterly earnings report is expected to be released in March. The average dividend yield for the past five years averaged 2.36 per year.
Farmer Bros. Co (NASDAQ:FARM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 17.89% of Farmer Bros. Co shares, and 41.40% of them are in the hands of institutional investors. The stock currently has a share float of 50.42%. Farmer Bros. Co stock is held by 52.0 institutions, with 22NW, LP being the largest institutional investor. By 2024-06-30, it held 9.2658% of the shares, which is about 1.96 million shares worth $5.24 million.
JCP INVESTMENT MANAGEMENT, LLC, with 4.7043% or 0.99 million shares worth $2.66 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Sep 30, 2024. The former held 587.0 shares worth $1.26 million, making up 2.75% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 511.92 shares worth around $1.1 million, which represents about 2.40% of the total shares outstanding.
