Brokerages Expect RMR Group (RMR) to Post $0.56 EPS

Analysts expect RMR Group (NASDAQ:RMR) to post earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for RMR Group’s earnings. The highest EPS estimate is $0.62 and the lowest is $0.49. RMR Group reported earnings per share of $0.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 30.2%. The company is scheduled to issue its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that RMR Group will report full year earnings of $6.08 per share for the current fiscal year, with EPS estimates ranging from $5.85 to $6.30. For the next financial year, analysts forecast that the company will report earnings of $3.36 per share, with EPS estimates ranging from $2.67 to $4.05. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for RMR Group.

RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.11. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. The business had revenue of $218.54 million during the quarter, compared to analyst estimates of $206.85 million.



RMR has been the subject of several research analyst reports. Zacks Investment Research downgraded RMR Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday. BidaskClub raised RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. Finally, B. Riley initiated coverage on RMR Group in a research note on Friday, February 9th. They issued a “hold” rating and a $61.00 price objective for the company. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $62.25.

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of RMR Group during the 4th quarter worth about $131,000. MetLife Investment Advisors LLC purchased a new stake in shares of RMR Group during the 4th quarter worth about $206,000. UBS Asset Management Americas Inc. purchased a new stake in shares of RMR Group during the 4th quarter worth about $209,000. Two Sigma Investments LP purchased a new stake in shares of RMR Group during the 4th quarter worth about $249,000. Finally, First Trust Advisors LP purchased a new stake in shares of RMR Group during the 3rd quarter worth about $292,000. 17.89% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:RMR traded down $0.05 during midday trading on Friday, reaching $76.20. The company had a trading volume of 12,753 shares, compared to its average volume of 46,934. RMR Group has a 1-year low of $42.35 and a 1-year high of $77.20. The firm has a market capitalization of $2,352.73, a price-to-earnings ratio of 20.18 and a beta of -0.20.

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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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 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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