Falcon Minerals Corp (NASDAQ:FLMN) Expected to Post Quarterly Sales of $21.18 Million

Equities analysts forecast that Falcon Minerals Corp (NASDAQ:FLMN) will announce $21.18 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Falcon Minerals’ earnings. The highest sales estimate is $22.00 million and the lowest is $19.92 million. The business is scheduled to announce its next quarterly earnings report before the market opens on Monday, August 5th.

According to Zacks, analysts expect that Falcon Minerals will report full-year sales of $85.52 million for the current fiscal year, with estimates ranging from $79.37 million to $89.71 million. For the next financial year, analysts anticipate that the company will post sales of $103.10 million, with estimates ranging from $92.51 million to $114.08 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Falcon Minerals.

Falcon Minerals (NASDAQ:FLMN) last issued its 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 company had revenue of $21.26 million during the quarter, compared to analyst estimates of $20.49 million.



FLMN has been the subject of a number of recent research reports. Stephens initiated coverage on Falcon Minerals in a research note on Thursday, April 11th. They issued an “overweight” rating and a $12.00 target price for the company. ValuEngine raised Yirendai from a “strong sell” rating to a “sell” rating in a research note on Friday, May 3rd. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a research note on Tuesday. Capital One Financial initiated coverage on Falcon Minerals in a research note on Friday, May 31st. They issued an “overweight” rating and a $10.00 target price for the company. Finally, Royal Bank of Canada reaffirmed a “neutral” rating and issued a $145.00 target price on shares of Travelers Companies in a research note on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. Falcon Minerals currently has a consensus rating of “Buy” and an average price target of $10.09.

In other Falcon Minerals news, Director Al J. Hirshberg acquired 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased 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. 15.80% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new position in Falcon Minerals during the 4th quarter valued at about $471,000. Bank of New York Mellon Corp purchased a new position in Falcon Minerals during the 4th quarter valued at about $218,000. Northern Trust Corp purchased a new position in Falcon Minerals during the 4th quarter valued at about $572,000. Geode Capital Management LLC purchased a new position in Falcon Minerals during the 4th quarter valued at about $3,288,000. Finally, Samlyn Capital LLC lifted its position in Falcon Minerals by 0.4% during the 4th quarter. Samlyn Capital LLC now owns 4,009,618 shares of the company’s stock valued at $34,081,000 after acquiring an additional 16,683 shares during the period. 65.43% of the stock is owned by hedge funds and other institutional investors.

Shares of FLMN traded down $0.10 during midday trading on Monday, reaching $7.84. The company had a trading volume of 212,288 shares, compared to its average volume of 392,674. Falcon Minerals has a 1-year low of $6.71 and a 1-year high of $11.70. The company has a market capitalization of $681.71 million, a PE ratio of 39.20 and a beta of 0.34. The business has a 50 day simple moving average of $7.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 11.12 and a current ratio of 11.11.

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

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