Equities analysts predict that Falcon Minerals Corp (NASDAQ:FLMN) will announce $17.20 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Falcon Minerals’ earnings, with the lowest sales estimate coming in at $16.40 million and the highest estimate coming in at $18.00 million. Falcon Minerals reported sales of $26.30 million in the same quarter last year, which indicates a negative year over year growth rate of 34.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 25th.
On average, analysts expect that Falcon Minerals will report full year sales of $72.40 million for the current financial year, with estimates ranging from $71.80 million to $73.00 million. For the next year, analysts forecast that the firm will report sales of $85.85 million, with estimates ranging from $80.70 million to $91.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Falcon Minerals.
Falcon Minerals (NASDAQ:FLMN) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.02). The firm had revenue of $15.91 million during the quarter, compared to analyst estimates of $16.30 million. Falcon Minerals had a net margin of 22.83% and a return on equity of 7.16%.
A number of equities analysts have weighed in on FLMN shares. ValuEngine raised shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on shares of Falcon Minerals from $10.00 to $8.00 and set a “market perform” rating for the company in a research note on Monday, November 18th. Zacks Investment Research downgraded shares of Falcon Minerals from a “hold” rating to a “sell” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Co started coverage on shares of Falcon Minerals in a research note on Friday, October 4th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $9.54.
In related news, major shareholder Hite Hedge Asset Management Ll sold 117,627 shares of the business’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were sold at an average price of $6.36, for a total transaction of $748,107.72. Insiders own 15.80% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of FLMN. Bank of Montreal Can bought a new stake in shares of Falcon Minerals during the second quarter worth approximately $27,000. Tower Research Capital LLC TRC bought a new stake in Falcon Minerals in the second quarter valued at approximately $35,000. Metropolitan Life Insurance Co NY bought a new stake in Falcon Minerals in the third quarter valued at approximately $53,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new stake in Falcon Minerals in the third quarter valued at approximately $84,000. Finally, Strs Ohio bought a new stake in Falcon Minerals in the second quarter valued at approximately $86,000. 38.99% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ FLMN opened at $6.43 on Friday. Falcon Minerals has a 1-year low of $5.31 and a 1-year high of $9.53. The company has a market cap of $552.66 million, a PE ratio of 32.15 and a beta of 0.53. The company has a current ratio of 6.05, a quick ratio of 6.05 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average of $6.38 and a two-hundred day moving average of $6.82.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Wednesday, November 20th were paid a dividend of $0.135 per share. This represents a $0.54 dividend on an annualized basis and a dividend yield of 8.40%. The ex-dividend date was Tuesday, November 19th. Falcon Minerals’s dividend payout ratio (DPR) is 270.00%.
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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