Zacks: Analysts Anticipate RMR Group Inc (RMR) to Post $0.55 EPS

Wall Street brokerages expect RMR Group Inc (NASDAQ:RMR) to report earnings per share of $0.55 for the current quarter, according to Zacks. Two analysts have made estimates for RMR Group’s earnings. The highest EPS estimate is $0.56 and the lowest is $0.54. RMR Group posted earnings of $0.44 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The business is expected to announce its next earnings report on Tuesday, December 11th.

On average, analysts expect that RMR Group will report full year earnings of $6.06 per share for the current fiscal year. For the next year, analysts expect that the firm will report earnings of $3.69 per share, with EPS estimates ranging from $2.41 to $4.97. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow RMR Group.

RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. RMR Group had a return on equity of 9.97% and a net margin of 23.43%. The company had revenue of $62.08 million for the quarter, compared to analysts’ expectations of $59.03 million.

A number of equities research analysts recently weighed in on the company. BidaskClub cut RMR Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, May 23rd. B. Riley upped their price target on RMR Group from $88.00 to $89.00 and gave the stock a “$85.80” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research cut RMR Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. RMR Group has a consensus rating of “Hold” and a consensus target price of $75.00.

NASDAQ RMR traded up $1.05 on Monday, hitting $96.05. 17,930 shares of the company’s stock were exchanged, compared to its average volume of 37,883. RMR Group has a fifty-two week low of $49.10 and a fifty-two week high of $98.00. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 25.34 and a beta of -0.13.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 16th. Investors of record on Monday, July 30th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend was Friday, July 27th. RMR Group’s dividend payout ratio is currently 26.39%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cim LLC acquired a new stake in RMR Group during the 2nd quarter valued at $214,000. Principal Financial Group Inc. acquired a new stake in RMR Group during the 1st quarter valued at $219,000. Eqis Capital Management Inc. acquired a new stake in RMR Group during the 2nd quarter valued at $225,000. Hartford Investment Management Co. acquired a new stake in RMR Group during the 2nd quarter valued at $232,000. Finally, Barclays PLC grew its holdings in RMR Group by 94.0% during the 1st quarter. Barclays PLC now owns 3,358 shares of the financial services provider’s stock valued at $235,000 after buying an additional 1,627 shares during the last quarter. Institutional investors and hedge funds own 18.42% of the company’s stock.

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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