RMR Group Inc (RMR) Expected to Post Earnings of $0.40 Per Share
Analysts expect that RMR Group Inc (NYSE:RMR) will report earnings of $0.40 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for RMR Group’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.54. RMR Group reported earnings of $0.46 per share in the same quarter last year, which would suggest a negative year over year growth rate of 13%. The firm is scheduled to announce its next earnings results on Thursday, December 21st.
On average, analysts expect that RMR Group will report full-year earnings of $2.72 per share for the current financial year, with EPS estimates ranging from $2.62 to $2.86. For the next fiscal year, analysts forecast that the business will report earnings of $1.95 per share, with EPS estimates ranging from $1.94 to $1.96. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow RMR Group.
RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). RMR Group had a net margin of 31.72% and a return on equity of 18.72%. The company had revenue of $55.50 million during the quarter, compared to analyst estimates of $54.65 million.
Several research analysts recently commented on RMR shares. Canaccord Genuity set a $72.00 target price on RMR Group and gave the stock a “buy” rating in a research report on Wednesday, June 28th. Zacks Investment Research cut RMR Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. BidaskClub cut RMR Group from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Finally, FBR & Co reissued a “neutral” rating and set a $51.00 price objective (up from $50.00) on shares of RMR Group in a report on Monday, October 2nd. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $60.00.
Shares of RMR Group (NYSE RMR) traded down 0.28% during mid-day trading on Friday, hitting $53.25. 3,443 shares of the company traded hands. The firm has a 50-day moving average price of $50.87 and a 200 day moving average price of $50.08. RMR Group has a 52-week low of $33.90 and a 52-week high of $55.10. The firm has a market cap of $857.01 million and a price-to-earnings ratio of 19.24.
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Several large investors have recently made changes to their positions in RMR. Engine Capital Management LLC increased its stake in shares of RMR Group by 977.4% in the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock valued at $5,622,000 after buying an additional 103,028 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of RMR Group by 348.8% in the first quarter. Prudential Financial Inc. now owns 62,097 shares of the financial services provider’s stock valued at $3,074,000 after buying an additional 48,260 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of RMR Group by 8.7% in the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after buying an additional 45,603 shares in the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of RMR Group in the second quarter valued at $1,774,000. Finally, FMR LLC increased its stake in shares of RMR Group by 114.5% in the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock valued at $3,018,000 after buying an additional 33,115 shares in 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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