Zacks: Brokerages Expect RMR Group Inc (RMR) to Post $0.46 EPS
Wall Street analysts expect that RMR Group Inc (NYSE:RMR) will announce earnings of $0.46 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for RMR Group’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.44. RMR Group reported earnings of $0.42 per share during the same quarter last year, which indicates a positive year over year growth rate of 9.5%. The business is scheduled to announce its next earnings results on Tuesday, August 8th.
On average, analysts expect that RMR Group will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.86. For the next financial year, analysts forecast that the company will report earnings of $1.79 per share, with EPS estimates ranging from $1.78 to $1.81. Zacks’ EPS averages are an average based on a survey of analysts that cover RMR Group.
RMR Group (NYSE:RMR) last announced its earnings results on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $52.79 million. RMR Group had a return on equity of 19.25% and a net margin of 32.69%.
RMR has been the topic of a number of analyst reports. Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. Oppenheimer Holdings, Inc. initiated coverage on RMR Group in a research note on Tuesday, April 18th. They issued a “market perform” rating on the stock. FBR & Co restated a “mkt perform” rating and issued a $48.00 price target (up from $44.00) on shares of RMR Group in a research note on Friday, May 12th. Finally, Canaccord Genuity set a $72.00 price target on RMR Group and gave the company a “buy” rating in a research note on Wednesday, June 28th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $59.33.
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Shares of RMR Group (RMR) opened at 48.95 on Friday. RMR Group has a 1-year low of $30.78 and a 1-year high of $55.10. The firm’s 50-day moving average price is $49.56 and its 200 day moving average price is $48.20. The stock has a market cap of $787.80 million and a P/E ratio of 17.68.
Several institutional investors have recently modified their holdings of RMR. State Board of Administration of Florida Retirement System purchased a new position in shares of RMR Group during the first quarter valued at about $208,000. American International Group Inc. raised its position in shares of RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock valued at $211,000 after buying an additional 281 shares during the last quarter. Wedbush Securities Inc. purchased a new position in shares of RMR Group during the first quarter valued at about $216,000. Old Mutual Global Investors UK Ltd. purchased a new position in shares of RMR Group during the first quarter valued at about $245,000. Finally, Bank of America Corp DE raised its position in shares of RMR Group by 1.2% in the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock valued at $249,000 after buying an additional 59 shares during the last quarter.
RMR Group Company Profile
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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