Royalty Management (RMCO) Expected to Announce Earnings on Wednesday

Royalty Management (NASDAQ:RMCO) is expected to be releasing its results before the market opens on Wednesday, May 13th. Analysts expect Royalty Management to post earnings of $0.0028 per share and revenue of $1.5860 million for the quarter.

Royalty Management (NASDAQ:RMCO) last posted its quarterly earnings data on Monday, April 6th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.06). The company had revenue of $1.40 million during the quarter, compared to analysts’ expectations of $2.00 million. Royalty Management had a negative return on equity of 6.18% and a negative net margin of 14.71%.

Royalty Management Price Performance

NASDAQ:RMCO opened at $2.80 on Tuesday. The firm has a market capitalization of $42.42 million, a price-to-earnings ratio of -70.00 and a beta of 0.01. Royalty Management has a one year low of $0.98 and a one year high of $5.00. The business has a fifty day moving average price of $3.22 and a 200-day moving average price of $3.25.

Royalty Management Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Tuesday, June 30th will be paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, June 30th. Royalty Management’s dividend payout ratio is -25.00%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL acquired a new stake in shares of Royalty Management Holding Corporation (NASDAQ:RMCO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 27,932 shares of the company’s stock, valued at approximately $86,000. Blair William & Co. IL owned about 0.18% of Royalty Management as of its most recent SEC filing. Institutional investors and hedge funds own 67.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Royalty Management in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

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.