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

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

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

Royalty Management Price Performance

Royalty Management stock opened at $3.07 on Thursday. The stock’s 50 day moving average price is $2.82 and its 200 day moving average price is $1.89. The company has a market cap of $45.22 million, a PE ratio of -307.00 and a beta of -0.06. Royalty Management has a 1-year low of $0.90 and a 1-year high of $4.76.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on RMCO shares. William Blair began coverage on Royalty Management in a report on Monday, October 20th. They issued an “outperform” rating for the company. Zacks Research raised shares of Royalty Management to a “hold” rating in a research note on Tuesday, October 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Royalty Management in a research note on Wednesday, October 8th. 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Royalty Management

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.