Royalty Management (RMCO) Expected to Announce Earnings on Wednesday

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

Royalty Management Trading Up 4.5%

Shares of RMCO opened at $3.00 on Wednesday. Royalty Management has a twelve month low of $0.98 and a twelve month high of $5.00. The firm has a market capitalization of $45.45 million, a P/E ratio of -75.00 and a beta of 0.01. The stock’s fifty day simple moving average is $3.30 and its 200 day simple moving average is $3.26.

Royalty Management Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.0025 per share. The ex-dividend date is Tuesday, June 30th. This represents a $0.01 annualized dividend and a yield of 0.3%. Royalty Management’s dividend payout ratio is currently -25.00%.

Institutional Trading of Royalty Management

A hedge fund recently bought a new stake in Royalty Management stock. Blair William & Co. IL purchased a new stake in Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 quarter. 67.15% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Royalty Management Company Profile

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.