Brokerages Anticipate Falcon Minerals Corp (NASDAQ:FLMN) Will Announce Earnings of -$0.02 Per Share

Brokerages expect Falcon Minerals Corp (NASDAQ:FLMN) to announce ($0.02) earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Falcon Minerals’ earnings. The highest EPS estimate is $0.00 and the lowest is ($0.05). Falcon Minerals posted earnings per share of $0.08 in the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The company is expected to announce its next earnings results after the market closes on Wednesday, August 5th.

According to Zacks, analysts expect that Falcon Minerals will report full-year earnings of $0.10 per share for the current year, with EPS estimates ranging from $0.07 to $0.12. For the next year, analysts expect that the company will post earnings of $0.21 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Falcon Minerals.

Falcon Minerals (NASDAQ:FLMN) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01). Falcon Minerals had a return on equity of 4.50% and a net margin of 18.38%. The business had revenue of $13.60 million for the quarter, compared to analyst estimates of $14.23 million.

Several equities research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 target price on shares of Falcon Minerals in a research note on Sunday, July 26th. Piper Sandler raised their price objective on shares of Falcon Minerals from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, ValuEngine upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Falcon Minerals currently has a consensus rating of “Hold” and an average price target of $4.97.

Shares of NASDAQ:FLMN opened at $2.51 on Tuesday. Falcon Minerals has a 52-week low of $1.60 and a 52-week high of $8.33. The company has a market capitalization of $215.84 million, a P/E ratio of 10.46 and a beta of 1.56. The company has a 50-day simple moving average of $3.06 and a 200 day simple moving average of $3.36. The company has a debt-to-equity ratio of 0.19, a quick ratio of 5.38 and a current ratio of 5.38.

In other Falcon Minerals news, Director Brian L. Frank bought 40,000 shares of the stock in a transaction dated Monday, May 18th. The shares were bought at an average cost of $2.41 per share, with a total value of $96,400.00. Following the completion of the acquisition, the director now owns 277,212 shares of the company’s stock, valued at $668,080.92. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 15.80% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. WINTON GROUP Ltd increased its holdings in shares of Falcon Minerals by 100.2% during the first quarter. WINTON GROUP Ltd now owns 111,898 shares of the company’s stock worth $241,000 after purchasing an additional 56,001 shares during the period. Nuveen Asset Management LLC increased its stake in Falcon Minerals by 77.2% in the fourth quarter. Nuveen Asset Management LLC now owns 375,196 shares of the company’s stock valued at $2,649,000 after acquiring an additional 163,430 shares during the last quarter. BlackRock Inc. increased its stake in Falcon Minerals by 3.2% in the first quarter. BlackRock Inc. now owns 2,855,494 shares of the company’s stock valued at $6,140,000 after acquiring an additional 87,759 shares during the last quarter. State Street Corp increased its stake in Falcon Minerals by 12.8% in the first quarter. State Street Corp now owns 844,244 shares of the company’s stock valued at $1,815,000 after acquiring an additional 95,731 shares during the last quarter. Finally, Two Sigma Advisers LP bought a new position in Falcon Minerals in the first quarter valued at approximately $80,000. 34.87% of the stock is currently owned by institutional investors.

Falcon Minerals Company Profile

Falcon Minerals Corporation acquires and owns mineral, royalty, and over-riding royalty interests in oil and natural gas properties in North America. It owns interests covering approximately 256,000 gross unit acres in the Eagle Ford Shale and Austin Chalk in Karnes, DeWitt, and Gonzales Counties in Texas, as well as approximately 68,000 gross unit acres in Pennsylvania, Ohio, and West Virginia that is prospective for the Marcellus Shale.

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Earnings History and Estimates for Falcon Minerals (NASDAQ:FLMN)

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