Royalty Management (RMCO) Expected to Announce Quarterly Earnings on Thursday

Royalty Management (NASDAQ:RMCO) is expected to release its results before the market opens on Thursday, November 12th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $2.00 million for the quarter.

Royalty Management (NASDAQ:RMCO) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share 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 company had revenue of $1.83 million for the quarter, compared to analysts’ expectations 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 Stock Performance

NASDAQ RMCO opened at $2.19 on Tuesday. The firm has a 50 day moving average of $2.48 and a two-hundred day moving average of $2.89. Royalty Management has a 52 week low of $1.74 and a 52 week high of $5.00. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 11th. Shareholders of record on Thursday, December 31st will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Thursday, December 31st. Royalty Management’s payout ratio is -16.67%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RMCO shares. Zacks Research raised Royalty Management to a “hold” rating in a report on Tuesday, August 25th. Weiss Ratings upgraded shares of Royalty Management from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, September 14th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Royalty Management has a consensus rating of “Reduce”.

Royalty Management Company Profile

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.