Equities analysts expect Falcon Minerals Corp (NASDAQ:FLMN) to announce earnings of $0.12 per share for the current quarter, Zacks reports. Five analysts have provided estimates for Falcon Minerals’ earnings. The highest EPS estimate is $0.13 and the lowest is $0.11. The business is scheduled to announce its next quarterly earnings report before the market opens on Monday, August 5th.
On average, analysts expect that Falcon Minerals will report full-year earnings of $0.48 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.51. For the next fiscal year, analysts forecast that the business will report earnings of $0.59 per share, with EPS estimates ranging from $0.50 to $0.65. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that cover Falcon Minerals.
Falcon Minerals (NASDAQ:FLMN) last announced its quarterly earnings results on Monday, May 6th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $21.26 million during the quarter, compared to the consensus estimate of $20.49 million.
Several research analysts have issued reports on the stock. Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a report on Thursday, April 18th. Northland Securities restated a “buy” rating and set a $12.00 target price on shares of Medallion Financial in a research report on Tuesday, May 7th. SunTrust Banks cut their target price on shares of Malibu Boats to $48.00 and set a “buy” rating for the company in a research report on Monday, June 17th. Stifel Nicolaus upped their price target on shares of Workday from $175.00 to $195.00 and gave the stock a “hold” rating in a research report on Wednesday, May 29th. Finally, Capital One Financial started coverage on shares of Falcon Minerals in a research report on Friday, May 31st. They issued an “overweight” rating and a $10.00 price target for the company. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $10.09.
In other Falcon Minerals news, Director Al J. Hirshberg purchased 30,000 shares of Falcon Minerals stock in a transaction on Tuesday, May 14th. The stock was bought at an average cost of $8.00 per share, with a total value of $240,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 15.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Samlyn Capital LLC grew its holdings in shares of Falcon Minerals by 0.4% during the fourth quarter. Samlyn Capital LLC now owns 4,009,618 shares of the company’s stock valued at $34,081,000 after buying an additional 16,683 shares in the last quarter. Iridian Asset Management LLC CT purchased a new position in Falcon Minerals in the first quarter valued at about $877,000. Northern Trust Corp bought a new stake in shares of Falcon Minerals during the 4th quarter worth about $572,000. Geode Capital Management LLC bought a new stake in shares of Falcon Minerals during the 4th quarter worth about $3,288,000. Finally, RBF Capital LLC bought a new stake in shares of Falcon Minerals during the 4th quarter worth about $85,000. 65.43% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:FLMN traded down $0.10 during mid-day trading on Friday, hitting $7.84. 212,288 shares of the company’s stock were exchanged, compared to its average volume of 392,674. Falcon Minerals has a one year low of $6.71 and a one year high of $11.70. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.12 and a current ratio of 11.11. The company has a fifty day moving average price of $7.78. The stock has a market cap of $681.71 million, a P/E ratio of 39.20 and a beta of 0.34.
About Falcon Minerals
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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