Royalty Management (NASDAQ:RMCO – Get Free Report) will likely be announcing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of ($0.01) per share and revenue of $2.00 million for the quarter.
Royalty Management (NASDAQ:RMCO – Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01). Royalty Management had a negative return on equity of 7.93% and a negative net margin of 14.53%. The firm had revenue of $1.83 million during the quarter, compared to analyst estimates of $1.83 million. On average, analysts expect Royalty Management to post ($0.04) EPS for the current fiscal year and $0.03 EPS for the next fiscal year.
Royalty Management Price Performance
NASDAQ:RMCO opened at $2.14 on Wednesday. Royalty Management has a 12 month low of $1.74 and a 12 month high of $5.00. The stock has a 50 day moving average of $2.46 and a two-hundred day moving average of $2.88. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02.
Royalty Management Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Stockholders of record on Thursday, December 31st will be given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, December 31st. Royalty Management’s dividend payout ratio (DPR) is -16.67%.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on RMCO shares. Zacks Research raised Royalty Management to a “hold” rating in a research note on Tuesday, August 25th. Weiss Ratings raised Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.
Read Our Latest Stock Analysis on Royalty Management
About Royalty Management
Royalty Management Holding Corporation (NASDAQ: RMCO) is a royalty acquisition and management company. It seeks to acquire and manage contractual interests that provide rights to future revenue generated by underlying assets, allowing asset owners to obtain capital while retaining ownership and operational control. The company’s activities are focused on identifying royalty and similar opportunities across areas such as natural resources, minerals, energy, real estate, agriculture and other asset-backed businesses.
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