Royalty Management (NASDAQ:RMCO) Announces Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Royalty Management (NASDAQ:RMCO) released its quarterly earnings data on Monday. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.06), FiscalAI reports. Royalty Management had a negative return on equity of 2.94% and a negative net margin of 9.22%.The firm had revenue of $1.40 million for the quarter, compared to the consensus estimate of $2.00 million.

Royalty Management Stock Performance

Shares of RMCO stock opened at $2.75 on Wednesday. The company has a market capitalization of $41.64 million, a P/E ratio of -68.75 and a beta of 0.07. The company’s 50 day moving average price is $3.75 and its two-hundred day moving average price is $3.25. Royalty Management has a 52 week low of $0.91 and a 52 week high of $5.00.

Royalty Management Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, March 31st. Royalty Management’s dividend payout ratio (DPR) is -25.00%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Royalty Management presently has a consensus rating of “Hold”.

Institutional Trading of Royalty Management

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL acquired a new position in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned 0.18% of Royalty Management at the end of the most recent reporting period. 67.15% of the stock is currently owned by institutional investors and hedge funds.

About Royalty Management

Royalty Management Corporation is a Houston‐based mineral royalty acquisition and management company that owns and operates a diversified portfolio of oil and gas royalty interests. The firm’s primary business activity is the acquisition of royalty and overriding royalty interests in onshore oil and gas properties, allowing investors to participate in production revenue streams without the operational risks associated with drilling and exploration. Royalty Management targets assets in established U.S.