Zacks: Analysts Anticipate RMR Group Inc (NASDAQ:RMR) to Post $0.54 Earnings Per Share

Equities analysts predict that RMR Group Inc (NASDAQ:RMR) will announce $0.54 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for RMR Group’s earnings, with estimates ranging from $0.51 to $0.59. RMR Group posted earnings of $0.50 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 8%. The company is scheduled to announce its next earnings results on Friday, May 8th.

According to Zacks, analysts expect that RMR Group will report full-year earnings of $2.22 per share for the current fiscal year, with EPS estimates ranging from $2.12 to $2.31. For the next year, analysts expect that the business will post earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow RMR Group.

RMR Group (NASDAQ:RMR) last issued its earnings results on Thursday, February 6th. The financial services provider reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by ($0.01). RMR Group had a return on equity of 6.68% and a net margin of 5.37%. The firm had revenue of $159.89 million during the quarter, compared to the consensus estimate of $160.57 million.

RMR has been the subject of a number of research reports. Royal Bank of Canada initiated coverage on RMR Group in a report on Thursday, December 12th. They issued a “sector perform” rating and a $49.00 price target for the company. Zacks Investment Research lowered RMR Group from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley reduced their price target on RMR Group from $66.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, February 7th. TheStreet downgraded RMR Group from a “b-” rating to a “c+” rating in a research report on Monday. Finally, Morgan Stanley began coverage on RMR Group in a research report on Monday, October 21st. They issued an “equal weight” rating and a $46.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $51.33.

Shares of NASDAQ:RMR traded down $0.15 during trading hours on Friday, hitting $43.50. 120,813 shares of the company’s stock traded hands, compared to its average volume of 87,827. RMR Group has a 1 year low of $41.69 and a 1 year high of $77.83. The business has a fifty day moving average price of $44.75 and a 200-day moving average price of $45.97. The firm has a market capitalization of $1.37 billion, a P/E ratio of 22.31 and a beta of 1.14.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, January 24th. This represents a $1.52 annualized dividend and a yield of 3.49%. RMR Group’s dividend payout ratio is presently 31.47%.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of RMR Group by 4.8% during the second quarter. BlackRock Inc. now owns 500,139 shares of the financial services provider’s stock valued at $23,497,000 after purchasing an additional 22,940 shares in the last quarter. Vanguard Group Inc. increased its holdings in RMR Group by 93.0% in the second quarter. Vanguard Group Inc. now owns 2,039,460 shares of the financial services provider’s stock worth $95,814,000 after purchasing an additional 982,739 shares in the last quarter. Bank of America Corp DE increased its holdings in RMR Group by 197.7% in the second quarter. Bank of America Corp DE now owns 25,876 shares of the financial services provider’s stock worth $1,217,000 after purchasing an additional 17,183 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in RMR Group in the second quarter worth approximately $3,116,000. Finally, Macquarie Group Ltd. bought a new stake in shares of RMR Group during the second quarter valued at approximately $235,000. 41.27% of the stock is owned by institutional investors.

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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