Falcon Minerals Corp (NASDAQ:FLMN) Expected to Post Earnings of -$0.02 Per Share

Equities analysts expect Falcon Minerals Corp (NASDAQ:FLMN) to report earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks. Four analysts have provided estimates for Falcon Minerals’ earnings, with estimates ranging from ($0.05) to $0.00. Falcon Minerals posted earnings of $0.08 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 125%. The business is expected to report its next earnings report after the market closes on Wednesday, August 5th.

According to Zacks, 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 $0.12. For the next fiscal year, analysts expect that the business will report earnings of $0.21 per share, with EPS estimates ranging from $0.16 to $0.32. Zacks’ EPS calculations are an average based on a survey of research firms that follow Falcon Minerals.

Falcon Minerals (NASDAQ:FLMN) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The business had revenue of $13.60 million for the quarter, compared to the consensus estimate of $14.23 million. Falcon Minerals had a return on equity of 4.50% and a net margin of 18.38%.

FLMN has been the subject of several research reports. Piper Sandler increased their target price on Falcon Minerals from $3.00 to $4.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Zacks Investment Research upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Monday, June 29th. Royal Bank of Canada reiterated a “hold” rating and issued a $5.00 target price on shares of Falcon Minerals in a research report on Sunday, July 26th. Finally, ValuEngine upgraded Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Friday, May 1st. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Falcon Minerals currently has a consensus rating of “Hold” and a consensus target price of $4.97.

In related news, Director Brian L. Frank acquired 40,000 shares of the stock in a transaction dated Monday, May 18th. The stock was bought at an average cost of $2.41 per share, for a total transaction of $96,400.00. Following the completion of the transaction, the director now directly owns 277,212 shares of the company’s stock, valued at $668,080.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 15.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of FLMN. State Street Corp grew its stake in Falcon Minerals by 12.8% during the first quarter. State Street Corp now owns 844,244 shares of the company’s stock worth $1,815,000 after purchasing an additional 95,731 shares during the period. Samlyn Capital LLC grew its stake in Falcon Minerals by 7.1% during the first quarter. Samlyn Capital LLC now owns 4,304,761 shares of the company’s stock worth $9,255,000 after purchasing an additional 286,477 shares during the period. Two Sigma Advisers LP acquired a new stake in Falcon Minerals during the first quarter worth approximately $80,000. Gabelli Funds LLC grew its stake in Falcon Minerals by 78.9% during the first quarter. Gabelli Funds LLC now owns 102,223 shares of the company’s stock worth $220,000 after purchasing an additional 45,098 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Falcon Minerals by 16.4% during the first quarter. Wells Fargo & Company MN now owns 107,939 shares of the company’s stock worth $233,000 after purchasing an additional 15,204 shares during the period. Institutional investors own 34.87% of the company’s stock.

Falcon Minerals stock opened at $2.51 on Tuesday. The company has a current ratio of 5.38, a quick ratio of 5.38 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $215.84 million, a PE ratio of 10.46 and a beta of 1.56. Falcon Minerals has a 12 month low of $1.60 and a 12 month high of $8.33. The stock has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $3.36.

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

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