Farmer Brothers Co.(NASDAQ:FARM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-hours on Sep 12, 2016. Company reported revenue of $134.16M. Analysts estimated a revenue of $135.56M. Earnings per share were $0.23. Analysts had estimated an EPS of $0.32.
Farmer Brothers Co. (FARM) made into the market gainers list on Tuesdays trading session with the shares advancing 1.64% or 0.56 points. Due to strong positive momentum, the stock ended at $34.8, which is also near the day’s high of $34.91. The stock began the session at $34.305 and the volume stood at 1,34,114 shares. The 52-week high of the shares is $34.91 and the 52 week low is $24.04. The company has a current market capitalization of $584 M and it has 1,67,81,561 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Jun 14, 2016, Michael H Keown (President, CEO) sold 12,000 shares at $30.14 per share price.Also, On May 20, 2016, Richard F Farmer (10% owner) sold 600,000 shares at $25.00 per share price.On May 17, 2016, Charles F Marcy (director) purchased 1,000 shares at $28.81 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.