In last trading session, Farmer Bros. Co. (NASDAQ:FARM) saw 0.45 million shares changing hands with its beta currently measuring 1.63. Company’s recent per share price level of $8.75 trading at $0.41 or 4.92% at ring of the bell on the day assigns it a market valuation of $159.95M. That closing price of FARM’s stock is at a discount of -49.49% from its 52-week high price of $13.08 and is indicating a premium of 61.14% from its 52-week low price of $3.40. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.23 million shares which gives us an average trading volume of 172.54K if we extend that period to 3-months.
For Farmer Bros. Co. (FARM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.28 in the current quarter.
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Upright in the green during last session for gaining 4.92%, in the last five days FARM remained trading in the green while hitting it’s week-highest on Friday, 09/10/21 when the stock touched $8.75 price level, adding 5.3% to its value on the day. Farmer Bros. Co.’s shares saw a change of 87.37% in year-to-date performance and have moved 3.43% in past 5-day. Farmer Bros. Co. (NASDAQ:FARM) showed a performance of -0.11% in past 30-days. Number of shares sold short was 0.55 million shares which calculate 1.37 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $14.00 to the stock, which implies a rise of 37.5% to its current value. Analysts have been projecting $14.00 as a low price target for the stock while placing it at a high target of $14.00. It follows that stock’s current price would drop -60.0% in reaching the projected high whereas dropping to the targeted low would mean a loss of -60.0% for stock’s current value.
Farmer Bros. Co. (FARM) estimates and forecasts
Statistics highlight that Farmer Bros. Co. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost 0.00% of value to its shares in past 6 months, showing an annual growth rate of 68.32% while that of industry is 15.70. Apart from that, the company came raising its revenue forecast for fiscal year 2021. This year revenue growth is estimated to fall -15.70% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $112 million for the same. And 1 analysts are in estimates of company making revenue of $116.65 million in the next quarter that will end on Sep 2021. Company posted $81.08 million and $97.84 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 38.10% while estimating it to be 19.20% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -24.45% during past 5 years. In 2021, company’s earnings growth rate is likely to be around 49.90% while estimates for its earnings growth in next 5 years are of 30.00%.
Farmer Bros. Co. is more likely to be releasing its next quarterly report on May 06 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Farmer Bros. Co. (NASDAQ:FARM)’s Major holders
Insiders are in possession of 13.60% of company’s total shares while institution are holding 55.80 percent of that, with stock having share float percentage of 64.58%. Investors also watch the number of corporate investors in a company very closely, which is 55.80% institutions for Farmer Bros. Co. that are currently holding shares of the company. Russell Investments Group, Ltd. is the top institutional holder at FARM for having 1.97 million shares of worth $9.19 million. And as of Dec 30, 2020, it was holding 11.08% of the company’s outstanding shares.
The second largest institutional holder is Trigran Investments Inc, which was holding about 1.12 million shares on Dec 30, 2020. The number of shares represents firm’s hold over 6.29% of outstanding shares, having a total worth of $5.22 million.
On the other hand, Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF are the top two Mutual Funds which own company’s shares. As of Dec 30, 2020, the former fund manager was holding 0.54 million shares of worth $2.54 million or 3.07% of the total outstanding shares. The later fund manager was in possession of 0.39 million shares on Mar 30, 2021, making its stake of worth around $4.09 million in the company or a holder of 2.21% of company’s stock.