Equities research analysts expect that RMR Group Inc (NASDAQ:RMR) will report sales of $142.17 million for the current quarter, Zacks reports. Two analysts have provided estimates for RMR Group’s earnings, with estimates ranging from $140.70 million to $143.64 million. RMR Group reported sales of $62.08 million in the same quarter last year, which indicates a positive year over year growth rate of 129%. The business is expected to announce its next earnings results on Friday, May 10th.
On average, analysts expect that RMR Group will report full year sales of $705.84 million for the current year, with estimates ranging from $701.10 million to $710.58 million. For the next financial year, analysts forecast that the firm will report sales of $576.12 million, with estimates ranging from $564.80 million to $587.44 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover RMR Group.
RMR Group (NASDAQ:RMR) last posted its earnings results on Friday, May 10th. The financial services provider reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.04). The firm had revenue of $130.10 million for the quarter, compared to the consensus estimate of $141.12 million. RMR Group had a return on equity of 17.44% and a net margin of 16.52%.
A number of brokerages have recently commented on RMR. Zacks Investment Research raised shares of RMR Group from a “sell” rating to a “hold” rating in a report on Tuesday, April 23rd. BidaskClub lowered shares of RMR Group from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. ValuEngine lowered shares of RMR Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 27th. Finally, B. Riley increased their price target on shares of RMR Group to $91.00 and gave the stock a “buy” rating in a report on Tuesday, January 15th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. RMR Group presently has an average rating of “Hold” and a consensus target price of $80.50.
RMR Group stock opened at $53.17 on Friday. The company has a market cap of $1.73 billion, a P/E ratio of 22.82 and a beta of 1.17. RMR Group has a 1-year low of $48.46 and a 1-year high of $98.00.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 29th will be issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, April 26th. RMR Group’s payout ratio is 60.09%.
Several large investors have recently modified their holdings of the company. Bank of Montreal Can boosted its stake in shares of RMR Group by 104.3% in the 1st quarter. Bank of Montreal Can now owns 672 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 343 shares in the last quarter. Royal London Asset Management Ltd. purchased a new stake in shares of RMR Group in the 1st quarter valued at $54,000. Braun Bostich & Associates Inc. boosted its stake in shares of RMR Group by 97.3% in the 4th quarter. Braun Bostich & Associates Inc. now owns 2,024 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 998 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in RMR Group by 255.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,836 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,320 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its position in RMR Group by 377.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,584 shares of the financial services provider’s stock valued at $137,000 after buying an additional 2,043 shares during the period. 19.18% of the stock is currently owned by hedge funds and other institutional investors.
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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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