Analysts expect RMR Group Inc (NASDAQ:RMR) to report sales of $61.33 million for the current quarter, Zacks reports. Two analysts have made estimates for RMR Group’s earnings, with the highest sales estimate coming in at $62.90 million and the lowest estimate coming in at $59.75 million. RMR Group posted sales of $54.30 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that RMR Group will report full-year sales of $61.33 million for the current fiscal year, with estimates ranging from $398.75 million to $408.90 million. For the next financial year, analysts anticipate that the business will post sales of $368.30 million per share. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover RMR Group.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.11. The firm had revenue of $218.54 million during the quarter, compared to the consensus estimate of $206.85 million. RMR Group had a return on equity of 10.86% and a net margin of 23.35%.
A number of research firms have weighed in on RMR. B. Riley reissued a “neutral” rating on shares of RMR Group in a research report on Wednesday, November 1st. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research report on Wednesday, January 10th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a research report on Tuesday, December 12th. TheStreet raised shares of RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. Finally, BidaskClub cut shares of RMR Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $62.25.
Several hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its position in shares of RMR Group by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 27,854 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 152 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of RMR Group by 8.9% during the second quarter. The Manufacturers Life Insurance Company now owns 6,194 shares of the financial services provider’s stock worth $301,000 after purchasing an additional 506 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in RMR Group by 15.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,516 shares of the financial services provider’s stock worth $446,000 after acquiring an additional 1,008 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its holdings in RMR Group by 1.5% in the third quarter. Mckinley Capital Management LLC Delaware now owns 69,006 shares of the financial services provider’s stock worth $3,543,000 after acquiring an additional 1,052 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in RMR Group by 3.3% in the fourth quarter. Alliancebernstein L.P. now owns 40,702 shares of the financial services provider’s stock worth $2,414,000 after acquiring an additional 1,300 shares during the last quarter. 36.42% of the stock is currently owned by institutional investors and hedge funds.
RMR Group (NASDAQ RMR) traded down $0.05 during trading hours on Friday, reaching $61.10. 48,632 shares of the company’s stock were exchanged, compared to its average volume of 38,459. The stock has a market cap of $1,894.65, a PE ratio of 11.00 and a beta of -0.51. RMR Group has a one year low of $42.35 and a one year high of $67.90.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.64%. RMR Group’s payout ratio is 17.99%.
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About RMR Group
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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