Brokerages Anticipate Brigham Minerals Inc (NYSE:MNRL) to Post $0.22 Earnings Per Share

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Wall Street brokerages expect that Brigham Minerals Inc (NYSE:MNRL) will post earnings of $0.22 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Brigham Minerals’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.31. The company is scheduled to issue 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 fiscal year, with EPS estimates ranging from $0.41 to $0.79. For the next financial year, analysts anticipate that the company will report earnings of $1.03 per share, with EPS estimates ranging from $0.83 to $1.39. Zacks’ EPS calculations are an average based on a survey of research firms that cover Brigham Minerals.

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

Several equities analysts have recently issued reports on MNRL shares. Wells Fargo & Co decreased their target price on Brigham Minerals from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, October 15th. Zacks Investment Research upgraded Brigham Minerals from a “sell” rating to a “hold” rating in a research report on Saturday, November 9th. Finally, Capital One Financial started coverage on Brigham Minerals in a research report on Friday, October 18th. They set an “overweight” rating and a $23.00 target price for the company. 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’s stock. The company presently has a consensus rating of “Buy” and an average target price of $25.08.

Several institutional investors and hedge funds have recently modified their holdings of MNRL. Warburg Pincus LLC bought a new stake in shares of Brigham Minerals during the 2nd quarter worth approximately $275,554,000. Nuveen Asset Management LLC bought a new stake in shares of Brigham Minerals during the second quarter valued at approximately $19,202,000. BlackRock Inc. bought a new stake in shares of Brigham Minerals during the second quarter valued at approximately $16,834,000. Vanguard Group Inc. bought a new stake in shares of Brigham Minerals during the second quarter valued at approximately $12,755,000. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Brigham Minerals during the second quarter valued at approximately $10,600,000. Institutional investors and hedge funds own 43.29% of the company’s stock.

Shares of Brigham Minerals stock traded down $0.44 during trading on Tuesday, hitting $17.69. 242,520 shares of the company were exchanged, compared to its average volume of 195,416. Brigham Minerals has a 1-year low of $17.91 and a 1-year high of $23.29. The firm’s fifty day moving average price is $19.60 and its 200 day moving average price is $20.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 7.07 and a quick ratio of 7.07.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 20th were given a $0.33 dividend. The ex-dividend date was Tuesday, November 19th. This represents a $1.32 annualized dividend and a dividend yield of 7.46%.

Brigham Minerals Company Profile

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.

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

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