Analysts Expect RMR Group Inc (NASDAQ:RMR) Will Announce Earnings of $0.53 Per Share

Wall Street analysts forecast that RMR Group Inc (NASDAQ:RMR) will report $0.53 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for RMR Group’s earnings, with the highest EPS estimate coming in at $0.58 and the lowest estimate coming in at $0.50. RMR Group reported earnings per share of $0.61 in the same quarter last year, which would suggest a negative year over year growth rate of 13.1%. The firm is expected to report its next quarterly earnings results before the market opens on Friday, November 22nd.

According to Zacks, analysts expect that RMR Group will report full-year earnings of $4.63 per share for the current year, with EPS estimates ranging from $4.58 to $4.68. For the next financial year, analysts expect that the business will post earnings of $2.38 per share, with EPS estimates ranging from $2.33 to $2.46. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover RMR Group.

RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Friday, August 9th. The financial services provider reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $143.72 million during the quarter, compared to analysts’ expectations of $133.10 million. RMR Group had a return on equity of 15.50% and a net margin of 12.02%.

Several research analysts have recently issued reports on the stock. B. Riley dropped their target price on shares of RMR Group from $80.00 to $70.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Citigroup assumed coverage on shares of RMR Group in a research note on Wednesday, September 4th. They issued a “neutral” rating and a $46.00 target price on the stock. Bank of America assumed coverage on shares of RMR Group in a research note on Monday, September 16th. They issued an “underperform” rating on the stock. ValuEngine upgraded shares of RMR Group from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, UBS Group assumed coverage on shares of RMR Group in a research note on Friday, October 11th. They issued a “neutral” rating and a $46.00 target price on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $52.75.

Shares of NASDAQ RMR traded down $0.53 during midday trading on Friday, hitting $47.72. The stock had a trading volume of 186,445 shares, compared to its average volume of 114,082. The business’s 50 day moving average is $46.08 and its 200-day moving average is $48.59. The company has a market cap of $1.53 billion, a P/E ratio of 20.48 and a beta of 1.21. RMR Group has a 52 week low of $41.69 and a 52 week high of $77.83.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.38 per share. This is an increase from RMR Group’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.52 dividend on an annualized basis and a yield of 3.19%. RMR Group’s dividend payout ratio is 65.24%.

Institutional investors have recently modified their holdings of the stock. Trexquant Investment LP bought a new position in RMR Group during the second quarter valued at approximately $279,000. First Quadrant L P CA lifted its position in RMR Group by 24.1% during the second quarter. First Quadrant L P CA now owns 63,772 shares of the financial services provider’s stock valued at $2,996,000 after purchasing an additional 12,387 shares during the period. Citadel Advisors LLC lifted its position in RMR Group by 789.1% during the second quarter. Citadel Advisors LLC now owns 67,106 shares of the financial services provider’s stock valued at $3,152,000 after purchasing an additional 59,558 shares during the period. Tower Research Capital LLC TRC lifted its position in RMR Group by 1,161.3% during the second quarter. Tower Research Capital LLC TRC now owns 2,056 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 1,893 shares during the period. Finally, Engine Capital Management LP bought a new position in RMR Group during the second quarter valued at approximately $34,295,000. Institutional investors own 47.75% of the company’s stock.

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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Earnings History and Estimates for RMR Group (NASDAQ:RMR)

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