Zacks: Brokerages Expect RMR Group Inc (NASDAQ:RMR) Will Post Earnings of $0.54 Per Share

Wall Street analysts predict that RMR Group Inc (NASDAQ:RMR) will post $0.54 earnings per share for the current quarter, according to Zacks. Two analysts have provided estimates for RMR Group’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.51. RMR Group reported earnings per share of $0.50 during the same quarter last year, which would suggest a positive year over year growth rate of 8%. The company is scheduled to report its next earnings report on Friday, May 8th.

On average, analysts expect that RMR Group will report full year earnings of $2.22 per share for the current year, with EPS estimates ranging from $2.12 to $2.31. For the next fiscal year, analysts expect that the business will report earnings of $2.33 per share, with EPS estimates ranging from $2.31 to $2.35. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover RMR Group.

RMR Group (NASDAQ:RMR) last announced 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). The company had revenue of $159.89 million for the quarter, compared to analysts’ expectations of $160.57 million. RMR Group had a net margin of 5.37% and a return on equity of 6.68%.

Several research analysts recently issued reports on RMR shares. Royal Bank of Canada started coverage on RMR Group in a research report on Thursday, December 12th. They set a “sector perform” rating and a $49.00 target price on the stock. B. Riley cut their target price 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. BidaskClub raised RMR Group from a “sell” rating to a “hold” rating in a research report on Wednesday, February 5th. Morgan Stanley started coverage on RMR Group in a research report on Monday, October 21st. They set an “equal weight” rating and a $46.00 target price on the stock. Finally, TheStreet cut RMR Group from a “b-” rating to a “c+” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $51.33.

A number of hedge funds have recently bought and sold shares of RMR. Vanguard Group Inc. boosted its position 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 during the last quarter. FMR LLC boosted its position in RMR Group by 78.5% in the fourth quarter. FMR LLC now owns 538,984 shares of the financial services provider’s stock worth $24,599,000 after purchasing an additional 237,025 shares during the last quarter. State Street Corp boosted its position in RMR Group by 99.8% in the third quarter. State Street Corp now owns 291,293 shares of the financial services provider’s stock worth $13,248,000 after purchasing an additional 145,476 shares during the last quarter. Millennium Management LLC boosted its position in RMR Group by 1,085.9% in the third quarter. Millennium Management LLC now owns 150,494 shares of the financial services provider’s stock worth $6,844,000 after purchasing an additional 137,804 shares during the last quarter. Finally, Zimmer Partners LP boosted its position in RMR Group by 18.9% in the third quarter. Zimmer Partners LP now owns 742,880 shares of the financial services provider’s stock worth $33,786,000 after purchasing an additional 117,880 shares during the last quarter. 41.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:RMR traded down $0.15 during mid-day trading on Friday, hitting $43.50. 120,813 shares of the company traded hands, compared to its average volume of 87,827. The stock has a market cap of $1.37 billion, a P/E ratio of 22.31 and a beta of 1.14. RMR Group has a 12-month low of $41.69 and a 12-month high of $77.83. The stock has a 50-day moving average price of $44.75 and a two-hundred day moving average price of $45.97.

The firm also recently disclosed 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 is Friday, January 24th. This represents a $1.52 annualized dividend and a yield of 3.49%. RMR Group’s dividend payout ratio is currently 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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