RMR Group Inc (NASDAQ:RMR) Expected to Post Earnings of $0.58 Per Share

Brokerages expect that RMR Group Inc (NASDAQ:RMR) will report earnings per share (EPS) of $0.58 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for RMR Group’s earnings, with estimates ranging from $0.56 to $0.59. RMR Group posted earnings per share of $3.22 during the same quarter last year, which would indicate a negative year over year growth rate of 82%. The company is expected to report its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that RMR Group will report full year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $2.24 to $2.35. For the next fiscal year, analysts forecast that the firm will report earnings of $2.39 per share, with EPS estimates ranging from $2.32 to $2.45. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for RMR Group.

Several research firms recently weighed in on RMR. ValuEngine upgraded shares of RMR Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. B. Riley began coverage on shares of RMR Group in a research note on Monday, November 25th. They issued a “buy” rating and a $66.00 target price on the stock. Bank of America began coverage on shares of RMR Group in a research report on Monday, September 16th. They set an “underperform” rating for the company. Zacks Investment Research cut shares of RMR Group from a “buy” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, BidaskClub lowered shares of RMR Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 27th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $52.25.

Several institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co NY lifted its position in RMR Group by 98.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 5,135 shares of the financial services provider’s stock worth $234,000 after buying an additional 2,551 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of RMR Group by 1,085.9% in the 3rd quarter. Millennium Management LLC now owns 150,494 shares of the financial services provider’s stock worth $6,844,000 after acquiring an additional 137,804 shares during the last quarter. Zebra Capital Management LLC lifted its holdings in shares of RMR Group by 12.4% in the 3rd quarter. Zebra Capital Management LLC now owns 8,068 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 887 shares during the last quarter. Zimmer Partners LP lifted its holdings in shares of RMR Group by 18.9% in the 3rd quarter. Zimmer Partners LP now owns 742,880 shares of the financial services provider’s stock worth $33,786,000 after acquiring an additional 117,880 shares during the last quarter. Finally, Barclays PLC boosted its stake in shares of RMR Group by 90.9% in the 3rd quarter. Barclays PLC now owns 25,335 shares of the financial services provider’s stock valued at $1,152,000 after purchasing an additional 12,067 shares in the last quarter. Hedge funds and other institutional investors own 41.31% of the company’s stock.

Shares of RMR traded up $0.40 during trading hours on Friday, reaching $46.89. 109,105 shares of the company’s stock traded hands, compared to its average volume of 121,393. The stock has a market cap of $1.46 billion, a PE ratio of 9.71 and a beta of 1.17. The firm’s 50 day simple moving average is $47.36 and its 200-day simple moving average is $47.36. RMR Group has a 12 month low of $41.69 and a 12 month high of $77.83.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a $0.38 dividend. This is a boost from RMR Group’s previous quarterly dividend of $0.35. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, October 25th. RMR Group’s dividend payout ratio is presently 31.47%.

About RMR Group

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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