Analysts Expect Falcon Minerals Co. (NASDAQ:FLMN) Will Post Quarterly Sales of $19.00 Million

Wall Street brokerages forecast that Falcon Minerals Co. (NASDAQ:FLMN) will report sales of $19.00 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Falcon Minerals’ earnings. Falcon Minerals posted sales of $6.12 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 210.5%. The business is expected to issue its next quarterly earnings report after the market closes on Wednesday, August 4th.

According to Zacks, analysts expect that Falcon Minerals will report full-year sales of $77.50 million for the current year, with estimates ranging from $73.00 million to $82.00 million. For the next financial year, analysts expect that the firm will post sales of $90.50 million, with estimates ranging from $80.00 million to $101.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Falcon Minerals.

Falcon Minerals (NASDAQ:FLMN) last issued its quarterly earnings data on Wednesday, May 5th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.06). The company had revenue of $12.50 million during the quarter, compared to the consensus estimate of $12.00 million. Falcon Minerals had a negative net margin of 2.76% and a negative return on equity of 0.45%.

Separately, Zacks Investment Research upgraded shares of Falcon Minerals from a “sell” rating to a “hold” rating in a research report on Wednesday, July 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.33.

Shares of NASDAQ:FLMN opened at $4.96 on Thursday. The company has a market cap of $427.60 million, a P/E ratio of -248.00 and a beta of 1.81. The company has a debt-to-equity ratio of 0.18, a quick ratio of 3.60 and a current ratio of 3.60. The company has a 50 day moving average of $4.95. Falcon Minerals has a one year low of $1.82 and a one year high of $5.39.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 8th. Shareholders of record on Tuesday, May 25th were given a $0.10 dividend. This is a boost from Falcon Minerals’s previous quarterly dividend of $0.08. This represents a $0.40 annualized dividend and a yield of 8.06%. The ex-dividend date was Monday, May 24th. Falcon Minerals’s dividend payout ratio is 800.00%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Golden Green Inc. acquired a new stake in shares of Falcon Minerals during the second quarter worth $654,000. Millennium Management LLC increased its position in shares of Falcon Minerals by 37.9% during the first quarter. Millennium Management LLC now owns 52,113 shares of the company’s stock worth $234,000 after buying an additional 14,320 shares during the period. Blackstone Group Inc. acquired a new stake in shares of Falcon Minerals during the first quarter worth $158,037,000. Man Group plc acquired a new stake in Falcon Minerals in the first quarter worth $52,000. Finally, Quadrature Capital Ltd acquired a new stake in Falcon Minerals in the first quarter worth $187,000. Institutional investors own 72.32% of the company’s stock.

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 75,000 gross unit acres in the Marcellus Shale across Pennsylvania, Ohio, and West Virginia.

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

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