Farmer Brothers Co. (FARM) announced its most recent quarterly financial results on Monday, Sep-12-2016. FARM reported $0.23 earnings per share for the quarter, missing the analyst consensus estimate by $-0.09. Analysts had a consensus of $0.32. The company posted revenue of $134.20 million in the period, compared to analysts expectations of $135.56 million. FARM’s revenue was up 1.2% compared to the same quarter last year.
Farmer Brothers Co. opened for trading at $32.84 and hit $33.12 on the upside on Wednesday, eventually ending the session at $33.08, with a gain of 0.46% or 0.15 points. The heightened volatility saw the trading volume jump to 52,151 shares. Company has a market cap of $555 M.
In a different news, on Jun 14, 2016, Michael H Keown (President, CEO) sold 12,000 shares at $30.14 per share price. According to the SEC, on May 17, 2016, Charles F Marcy (director) purchased 1,000 shares at $28.81 per share price. On May 13, 2016, Christopher P Mottern (director) purchased 1,000 shares at $29.35 per share price, according to the Form-4 filing with the securities and exchange commission.
Farmer Bros. Co. is a manufacturer wholesaler and distributor of coffee tea and culinary products. The Company’s customers include restaurants hotels casinos offices quick service restaurants (QSRs) 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. The Company 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. The Company offers value-added services to its foodservice customers including beverage equipment installation and service; menu solutions wherein the Company recommends products how these products are prepared in the kitchen and presented on the menu and inventory and product procurement management.