Zacks: Brokerages Expect Falcon Minerals Corp (NASDAQ:FLMN) to Announce $0.03 EPS

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Brokerages expect Falcon Minerals Corp (NASDAQ:FLMN) to report earnings of $0.03 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Falcon Minerals’ earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.03. Falcon Minerals posted earnings per share of $0.06 during the same quarter last year, which would indicate a negative year over year growth rate of 50%. The company is scheduled to report its next earnings report on Thursday, November 5th.

On average, analysts expect that Falcon Minerals will report full-year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.11. For the next fiscal year, analysts expect that the company will report earnings of $0.25 per share, with EPS estimates ranging from $0.19 to $0.32. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Falcon Minerals.

Falcon Minerals (NASDAQ:FLMN) last posted its quarterly earnings results on Wednesday, August 5th. The company reported ($0.01) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.01. Falcon Minerals had a net margin of 14.06% and a return on equity of 2.82%. The business had revenue of $6.12 million for the quarter, compared to the consensus estimate of $6.20 million.

FLMN has been the topic of a number of research reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $5.00 price target on shares of Falcon Minerals in a research note on Sunday, July 26th. Piper Sandler increased their target price 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. ValuEngine raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Zacks Investment Research raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. Finally, Northland Securities reissued a “hold” rating and set a $3.00 target price on shares of Falcon Minerals in a research report on Friday, August 7th. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Falcon Minerals presently has a consensus rating of “Hold” and a consensus target price of $4.97.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FLMN. SG Americas Securities LLC acquired a new position in Falcon Minerals during the first quarter worth $27,000. Janus Henderson Group PLC acquired a new stake in shares of Falcon Minerals in the 1st quarter worth about $29,000. Howard Financial Services LTD. acquired a new stake in shares of Falcon Minerals in the 1st quarter worth about $37,000. Citigroup Inc. raised its holdings in shares of Falcon Minerals by 207.6% in the 1st quarter. Citigroup Inc. now owns 26,590 shares of the company’s stock worth $57,000 after acquiring an additional 17,946 shares during the last quarter. Finally, Two Sigma Advisers LP acquired a new stake in shares of Falcon Minerals in the 1st quarter worth about $80,000. 34.87% of the stock is owned by institutional investors.

Shares of NASDAQ FLMN traded up $0.05 during mid-day trading on Thursday, reaching $2.86. The company had a trading volume of 4,628 shares, compared to its average volume of 115,647. Falcon Minerals has a twelve month low of $1.60 and a twelve month high of $7.25. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.41 and a current ratio of 2.41. The stock has a market capitalization of $242.58 million, a PE ratio of 19.00 and a beta of 1.41. The stock’s 50 day moving average is $2.93 and its 200-day moving average is $3.01.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 8th. Shareholders of record on Tuesday, August 25th will be issued a dividend of $0.03 per share. This is an increase from Falcon Minerals’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, August 24th. This represents a $0.12 annualized dividend and a yield of 4.20%. Falcon Minerals’s dividend payout ratio is currently 32.26%.

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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