Why Farmer Brothers (FARM) Stock Is Falling Today

NEW YORK (TheStreet) -- Shares of Farmer Brothers Co.  (FARM)  are down 2.48% to $24.03 on heavy trading volume after missing analysts expectations in its fourth quarter earnings results late yesterday, with 19 cents per diluted share, better than the 19 cent loss from the same quarter a year ago, but below the consensus estimate of 26 cents per diluted share.

Net sales for the fourth quarter was up 0.3% to $130.2 million, but missed analysts' expectations of $134 million.

About 123,000 shares of Farmer Brothers were traded by 3:30 p.m., compared to the average trading volume of 27,554 shares a day.

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"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."

FARM Chart FARM data by YCharts

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