RMR Group Inc (RMR) Expected to Post Earnings of $0.55 Per Share

Brokerages predict that RMR Group Inc (NASDAQ:RMR) will announce earnings per share (EPS) of $0.55 for the current quarter, Zacks reports. Two analysts have made estimates for RMR Group’s earnings, with estimates ranging from $0.54 to $0.55. RMR Group reported earnings per share of $0.58 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.2%. The firm is expected to announce its next earnings report on Wednesday, August 14th.

According to Zacks, analysts expect that RMR Group will report full year earnings of $4.84 per share for the current fiscal year, with EPS estimates ranging from $4.80 to $4.87. For the next year, analysts anticipate that the business will post earnings of $2.22 per share, with EPS estimates ranging from $2.17 to $2.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover RMR Group.

RMR Group (NASDAQ:RMR) last issued its earnings results on Friday, May 10th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The firm had revenue of $130.10 million during the quarter, compared to analysts’ expectations of $141.12 million. RMR Group had a return on equity of 16.42% and a net margin of 14.31%.

A number of equities analysts recently issued reports on RMR shares. TheStreet upgraded RMR Group from a “c+” rating to a “b” rating in a research note on Friday, January 25th. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Thursday, March 21st. Oppenheimer restated a “hold” rating on shares of RMR Group in a research note on Friday, April 12th. ValuEngine lowered RMR Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 7th. Finally, BidaskClub lowered RMR Group from a “sell” rating to a “strong sell” rating in a research note on Saturday, March 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. RMR Group has a consensus rating of “Hold” and a consensus price target of $76.00.

RMR stock traded up $0.11 during midday trading on Friday, reaching $52.45. The stock had a trading volume of 1,591 shares, compared to its average volume of 57,110. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 22.58 and a beta of 1.17. RMR Group has a 52-week low of $48.46 and a 52-week high of $98.00.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 29th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, April 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.67%. RMR Group’s payout ratio is currently 60.09%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RMR. Oxford Asset Management LLP raised its position in RMR Group by 510.1% in the first quarter. Oxford Asset Management LLP now owns 51,878 shares of the financial services provider’s stock valued at $3,164,000 after purchasing an additional 43,375 shares during the period. Ellington Management Group LLC purchased a new position in RMR Group during the first quarter valued at $274,000. Marshall Wace LLP raised its stake in RMR Group by 80.7% during the first quarter. Marshall Wace LLP now owns 96,733 shares of the financial services provider’s stock valued at $5,899,000 after buying an additional 43,212 shares during the last quarter. Geode Capital Management LLC raised its stake in RMR Group by 0.4% during the first quarter. Geode Capital Management LLC now owns 185,463 shares of the financial services provider’s stock valued at $11,309,000 after buying an additional 729 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in RMR Group by 104.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 81,510 shares of the financial services provider’s stock valued at $4,971,000 after buying an additional 41,704 shares during the last quarter. Institutional investors and hedge funds own 19.04% of the company’s stock.

RMR Group Company Profile

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. It provides management services to its five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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Earnings History and Estimates for RMR Group (NASDAQ:RMR)

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