Zacks: Analysts Expect Falcon Minerals Co. (NASDAQ:FLMN) Will Announce Earnings of $0.08 Per Share

Equities analysts predict that Falcon Minerals Co. (NASDAQ:FLMNGet Rating) will report earnings per share of $0.08 for the current quarter, according to Zacks. Two analysts have made estimates for Falcon Minerals’ earnings. The highest EPS estimate is $0.12 and the lowest is $0.04. Falcon Minerals posted earnings of ($0.03) per share during the same quarter last year, which suggests a positive year-over-year growth rate of 366.7%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Falcon Minerals will report full-year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.53 to $0.72. For the next fiscal year, analysts anticipate that the company will post earnings of $0.67 per share, with EPS estimates ranging from $0.61 to $0.72. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Falcon Minerals.

Falcon Minerals (NASDAQ:FLMNGet Rating) last posted its quarterly earnings data on Thursday, March 10th. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. Falcon Minerals had a return on equity of 8.55% and a net margin of 17.26%. The business had revenue of $20.13 million for the quarter, compared to analyst estimates of $20.50 million.

A number of research firms have recently issued reports on FLMN. Piper Sandler increased their target price on Falcon Minerals from $5.40 to $8.00 and gave the company an “overweight” rating in a research note on Thursday, April 7th. Wells Fargo & Company raised their price objective on Falcon Minerals from $5.00 to $7.00 and gave the company an “equal weight” rating in a research note on Friday, March 25th. Finally, Zacks Investment Research upgraded Falcon Minerals from a “hold” rating to a “buy” rating and set a $7.75 target price for the company in a research report on Tuesday, April 5th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $8.44.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Great Lakes Advisors LLC boosted its position in Falcon Minerals by 9.2% during the fourth quarter. Great Lakes Advisors LLC now owns 70,159 shares of the company’s stock valued at $342,000 after purchasing an additional 5,935 shares during the last quarter. K.J. Harrison & Partners Inc boosted its position in Falcon Minerals by 75.0% during the fourth quarter. K.J. Harrison & Partners Inc now owns 35,000 shares of the company’s stock valued at $171,000 after purchasing an additional 15,000 shares during the last quarter. Two Sigma Investments LP boosted its position in Falcon Minerals by 12.9% during the third quarter. Two Sigma Investments LP now owns 497,497 shares of the company’s stock valued at $2,338,000 after purchasing an additional 56,822 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Falcon Minerals during the fourth quarter valued at $285,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Falcon Minerals during the third quarter valued at $1,078,000. 74.47% of the stock is owned by hedge funds and other institutional investors.

Shares of Falcon Minerals stock traded up $0.24 during trading hours on Friday, reaching $7.21. The stock had a trading volume of 976,151 shares, compared to its average volume of 749,837. The firm has a 50 day simple moving average of $6.83 and a two-hundred day simple moving average of $5.78. The firm has a market capitalization of $623.30 million, a price-to-earnings ratio of 28.84 and a beta of 1.53. The company has a current ratio of 2.34, a quick ratio of 3.53 and a debt-to-equity ratio of 0.18. Falcon Minerals has a 1 year low of $4.24 and a 1 year high of $7.84.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Wednesday, May 18th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 9.99%. This is a boost from Falcon Minerals’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, May 17th. Falcon Minerals’s payout ratio is presently 232.00%.

Falcon Minerals Company Profile (Get Rating)

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 95,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

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

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