Equities research analysts expect that RMR Group (NASDAQ:RMR) will post sales of $61.33 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RMR Group’s earnings. The highest sales estimate is $62.90 million and the lowest is $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 firm is scheduled to announce its next earnings report on Wednesday, May 9th.
According to Zacks, analysts expect that RMR Group will report full-year sales of $403.83 million for the current financial year, with estimates ranging from $398.75 million to $408.90 million. For the next financial year, analysts forecast that the firm will report sales of $368.30 million per share. Zacks’ sales averages are a mean average based on a survey of research analysts that cover RMR Group.
RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $218.54 million during the quarter, compared to analysts’ expectations of $206.85 million. RMR Group had a return on equity of 10.86% and a net margin of 23.35%.
A number of brokerages have commented on RMR. Zacks Investment Research cut RMR Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded RMR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 4th. Finally, B. Riley began coverage on RMR Group in a research report on Friday, February 9th. They issued a “hold” rating and a $61.00 price target for the company. Four investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $62.25.
RMR traded up $1.95 during midday trading on Monday, reaching $77.85. The company had a trading volume of 26,590 shares, compared to its average volume of 46,854. The stock has a market cap of $2,365.20, a price-to-earnings ratio of 20.54 and a beta of -0.21. RMR Group has a 1 year low of $42.35 and a 1 year high of $78.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of RMR Group by 0.6% in the fourth quarter. BlackRock Inc. now owns 432,190 shares of the financial services provider’s stock worth $25,629,000 after acquiring an additional 2,760 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of RMR Group by 17.4% in the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after acquiring an additional 29,686 shares during the period. Renaissance Technologies LLC boosted its stake in shares of RMR Group by 31.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock worth $11,320,000 after acquiring an additional 45,300 shares during the period. Geode Capital Management LLC boosted its stake in shares of RMR Group by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 127,954 shares of the financial services provider’s stock worth $7,587,000 after acquiring an additional 13,225 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of RMR Group by 22.2% in the fourth quarter. Mackenzie Financial Corp now owns 119,213 shares of the financial services provider’s stock worth $7,069,000 after acquiring an additional 21,636 shares during the period. 18.06% of the stock is owned by hedge funds and other institutional investors.
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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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