Analysts expect that Falcon Minerals Corp (NASDAQ:FLMN) will post $0.10 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Falcon Minerals’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.07. Falcon Minerals reported earnings per share of $0.03 during the same quarter last year, which would suggest a positive year-over-year growth rate of 233.3%. The firm is scheduled to report its next quarterly earnings results on Thursday, November 14th.
On average, analysts expect that Falcon Minerals will report full-year earnings of $0.43 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.51. For the next financial year, analysts expect that the company will post earnings of $0.54 per share, with EPS estimates ranging from $0.48 to $0.62. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Falcon Minerals.
Falcon Minerals (NASDAQ:FLMN) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.04). Falcon Minerals had a return on equity of 10.79% and a net margin of 31.57%. The business had revenue of $18.25 million for the quarter, compared to analyst estimates of $20.88 million.
FLMN has been the topic of several recent analyst reports. SunTrust Banks initiated coverage on Falcon Minerals in a report on Monday, June 17th. They set a “buy” rating and a $11.00 target price on the stock. Zacks Investment Research raised Falcon Minerals from a “sell” rating to a “hold” rating in a report on Tuesday. Citigroup set a $8.00 target price on Falcon Minerals and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine raised Falcon Minerals from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co initiated coverage on Falcon Minerals in a report on Friday, October 4th. They set a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Falcon Minerals presently has a consensus rating of “Buy” and an average price target of $9.89.
In other Falcon Minerals news, major shareholder Hite Hedge Asset Management Ll sold 176,400 shares of the company’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of $7.04, for a total value of $1,241,856.00. Also, Director Al J. Hirshberg purchased 50,000 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was bought at an average cost of $4.49 per share, for a total transaction of $224,500.00. The disclosure for this purchase can be found here. 15.80% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of FLMN. Bank of Montreal Can acquired a new position in shares of Falcon Minerals during the second quarter valued at about $27,000. Tower Research Capital LLC TRC acquired a new stake in Falcon Minerals in the 2nd quarter worth about $35,000. Iridian Asset Management LLC CT raised its stake in Falcon Minerals by 8.1% in the 2nd quarter. Iridian Asset Management LLC CT now owns 107,185 shares of the company’s stock worth $900,000 after purchasing an additional 8,021 shares in the last quarter. Arlington Partners LLC acquired a new stake in Falcon Minerals in the 2nd quarter worth about $71,000. Finally, Strs Ohio acquired a new stake in Falcon Minerals in the 2nd quarter worth about $86,000. 38.97% of the stock is currently owned by institutional investors.
Shares of NASDAQ:FLMN opened at $5.46 on Friday. Falcon Minerals has a 12 month low of $5.31 and a 12 month high of $10.99. The stock has a market cap of $473.09 million, a price-to-earnings ratio of 27.30 and a beta of 0.47. The stock’s 50 day moving average price is $6.16 and its 200 day moving average price is $7.54. The company has a debt-to-equity ratio of 0.14, a current ratio of 9.25 and a quick ratio of 9.25.
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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