NEW YORK (TheStreet) -- Farmer Brothers (FARM) reported fourth quarter earnings results of 19 cents per diluted share, much better than the 19 cent loss the company reported last year but still below analysts expectations of 26 cents.
Net sales for the quarter increased to 0.3% to $130.2 million, short of analysts expectations of $134 million.
Adjusted EBITDA increased to $10.4 million or 8% of net sales in fourth quarter 2014 from $7.4 million or 5.7% of net sales the previous year.
TheStreet Ratings team rates FARMER BROS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate FARMER BROS CO (FARM) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: FARM Ratings Report
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.