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

Royalty Management (NASDAQ:RMCO) is expected to post its results before the market opens on Friday, November 21st. Analysts expect Royalty Management to post earnings of $0.04 per share for the quarter.

Royalty Management (NASDAQ:RMCO) last posted its earnings results on Thursday, November 13th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). Royalty Management had a negative net margin of 9.22% and a negative return on equity of 2.94%. The company had revenue of $1.30 million during the quarter, compared to the consensus estimate of $2.00 million.

Royalty Management Stock Performance

Shares of RMCO opened at $3.09 on Wednesday. Royalty Management has a 1 year low of $0.90 and a 1 year high of $4.76. The firm has a fifty day moving average of $2.80 and a 200-day moving average of $1.88. The company has a market cap of $45.52 million, a price-to-earnings ratio of -309.00 and a beta of -0.06.

Analyst Ratings Changes

RMCO has been the subject of several recent analyst reports. William Blair started coverage on shares of Royalty Management in a research report on Monday, October 20th. They issued an “outperform” rating for the company. Zacks Research upgraded Royalty Management to a “hold” rating in a research report on Tuesday, October 21st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Royalty Management in a report on Wednesday, October 8th. One equities 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. Based on data from MarketBeat, Royalty Management has a consensus rating of “Hold”.

Royalty Management Company Profile

Royalty Management Holding Corporation provides environmental consulting and services in the United States. It is also involved in investing or purchasing assets, such as real estate and mining permits, patents, intellectual property, and emerging technologies. The company was incorporated in 2021 and is based in Fishers, Indiana.