RMR Group Inc (NASDAQ:RMR) Expected to Announce Earnings of $0.53 Per Share

Analysts expect RMR Group Inc (NASDAQ:RMR) to announce $0.53 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for RMR Group’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.50. RMR Group posted earnings per share of $0.61 during the same quarter last year, which indicates a negative year over year growth rate of 13.1%. The company is scheduled to report its next earnings report on Monday, December 2nd.

According to Zacks, analysts expect that RMR Group will report full year earnings of $4.63 per share for the current financial year, with EPS estimates ranging from $4.58 to $4.68. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.33 to $2.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for RMR Group.

RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). RMR Group had a return on equity of 15.50% and a net margin of 12.02%. The firm had revenue of $143.72 million during the quarter, compared to the consensus estimate of $133.10 million.

A number of equities research analysts have recently issued reports on the company. Oppenheimer raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Monday, July 1st. S&P Equity Research raised RMR Group from a “market perform” rating to an “outperform” rating and set a $54.00 target price on the stock in a research report on Monday, July 1st. They noted that the move was a valuation call. ValuEngine raised RMR Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. B. Riley cut their target price on RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Finally, BidaskClub lowered RMR Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, September 21st. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. RMR Group presently has an average rating of “Hold” and an average price target of $53.43.

Several institutional investors and hedge funds have recently added to or reduced their stakes in RMR. Trexquant Investment LP acquired a new position in shares of RMR Group during the 2nd quarter worth about $279,000. First Quadrant L P CA lifted its position in shares of RMR Group by 24.1% during the 2nd quarter. First Quadrant L P CA now owns 63,772 shares of the financial services provider’s stock worth $2,996,000 after purchasing an additional 12,387 shares during the last quarter. Citadel Advisors LLC lifted its position in shares of RMR Group by 789.1% during the 2nd quarter. Citadel Advisors LLC now owns 67,106 shares of the financial services provider’s stock worth $3,152,000 after purchasing an additional 59,558 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of RMR Group by 1,161.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 1,893 shares during the last quarter. Finally, Bowling Portfolio Management LLC lifted its position in shares of RMR Group by 39.7% during the 2nd quarter. Bowling Portfolio Management LLC now owns 17,081 shares of the financial services provider’s stock worth $802,000 after purchasing an additional 4,857 shares during the last quarter. Institutional investors own 47.20% of the company’s stock.

Shares of RMR Group stock traded up $0.88 on Thursday, reaching $45.56. 69,910 shares of the company were exchanged, compared to its average volume of 83,534. The stock has a fifty day moving average price of $45.77 and a 200-day moving average price of $49.99. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 9.19 and a beta of 1.21. RMR Group has a fifty-two week low of $41.69 and a fifty-two week high of $80.26.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Friday, October 25th. This is an increase from RMR Group’s previous quarterly dividend of $0.35. RMR Group’s dividend payout ratio is 60.09%.

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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