Analysts Anticipate Brigham Minerals Inc (NYSE:MNRL) Will Announce Earnings of $0.23 Per Share

Wall Street brokerages expect Brigham Minerals Inc (NYSE:MNRL) to post earnings per share (EPS) of $0.23 for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Brigham Minerals’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.17. The company is scheduled to announce its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that Brigham Minerals will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.79. For the next financial year, analysts expect that the company will post earnings of $1.03 per share, with EPS estimates ranging from $0.83 to $1.39. Zacks’ EPS calculations are a mean average based on a survey of analysts that follow Brigham Minerals.

Brigham Minerals (NYSE:MNRL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.05). The business had revenue of $25.11 million for the quarter, compared to analyst estimates of $25.50 million.

Several equities analysts have weighed in on MNRL shares. Capital One Financial started coverage on shares of Brigham Minerals in a report on Friday, October 18th. They set an “overweight” rating and a $23.00 price target on the stock. Zacks Investment Research raised shares of Brigham Minerals from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Wells Fargo & Co lowered their price target on shares of Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, October 15th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Brigham Minerals presently has an average rating of “Buy” and an average target price of $25.08.

Institutional investors have recently added to or reduced their stakes in the company. Balter Liquid Alternatives LLC bought a new stake in Brigham Minerals in the second quarter worth $820,000. CIBC Private Wealth Group LLC bought a new stake in Brigham Minerals in the second quarter worth $10,600,000. Wells Fargo & Company MN bought a new stake in Brigham Minerals in the second quarter worth $152,000. Van ECK Associates Corp bought a new stake in Brigham Minerals in the second quarter worth $6,180,000. Finally, JPMorgan Chase & Co. bought a new stake in Brigham Minerals in the second quarter worth $93,000. Hedge funds and other institutional investors own 59.05% of the company’s stock.

NYSE:MNRL traded up $0.56 during trading hours on Monday, hitting $19.08. 306,000 shares of the stock traded hands, compared to its average volume of 215,311. The company has a debt-to-equity ratio of 0.76, a current ratio of 7.07 and a quick ratio of 7.07. Brigham Minerals has a 1 year low of $18.10 and a 1 year high of $23.29. The stock has a 50 day moving average price of $19.59 and a 200 day moving average price of $20.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 20th will be given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 6.92%. The ex-dividend date is Tuesday, November 19th.

About Brigham Minerals

Brigham Minerals, Inc owns and operates a portfolio of mineral and royalty interests in the continental United States. The company primarily holds mineral and royalty interests in the Permian Basin in West Texas and New Mexico; the SCOOP/STACK plays in the Anadarko Basin of Oklahoma; the Denver-Julesburg Basin in Colorado; and Wyoming and the Williston Basin in North Dakota.

Recommended Story: Book Value Of Equity Per Share – BVPS Explained

Get a free copy of the Zacks research report on Brigham Minerals (MNRL)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Brigham Minerals (NYSE:MNRL)

Receive News & Ratings for Brigham Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brigham Minerals and related companies with MarketBeat.com's FREE daily email newsletter.