Royalty Management (RMCO) Expected to Release Earnings on Wednesday

Royalty Management (NASDAQ:RMCO) is expected to be posting its results before the market opens on Wednesday, August 19th. Analysts expect the company to announce earnings of $0.0319 per share and revenue of $1.8580 million for the quarter.

Royalty Management (NASDAQ:RMCO) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($0.04) EPS for the quarter. The firm had revenue of $1.64 million during the quarter, compared to the consensus estimate of $1.64 million. Royalty Management had a negative net margin of 23.33% and a negative return on equity of 11.50%.

Royalty Management Stock Up 3.9%

NASDAQ RMCO opened at $3.17 on Wednesday. The stock has a fifty day moving average of $2.49 and a 200-day moving average of $3.02. The stock has a market capitalization of $48.06 million, a P/E ratio of -39.62 and a beta of -0.05. Royalty Management has a 52 week low of $1.52 and a 52 week high of $5.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.21 and a current ratio of 1.21.

Royalty Management Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 10th. Investors of record on Wednesday, September 30th will be issued a $0.0025 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.01 annualized dividend and a yield of 0.3%. Royalty Management’s dividend payout ratio (DPR) is currently -12.50%.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Royalty Management from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Royalty Management presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Royalty Management stock. Blair William & Co. IL purchased a new position in Royalty Management Holding Corporation (NASDAQ:RMCO) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 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. Hedge funds and other institutional investors own 67.15% of the company’s stock.

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.