Brokerages expect RMR Group Inc (NASDAQ:RMR) to announce earnings of $0.57 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for RMR Group’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.56. RMR Group reported earnings of $0.44 per share in the same quarter last year, which would suggest a positive year over year growth rate of 29.5%. The firm is expected to announce its next quarterly earnings report on Wednesday, August 8th.
According to Zacks, analysts expect that RMR Group will report full-year earnings of $6.12 per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will report earnings of $3.49 per share, with EPS estimates ranging from $2.54 to $4.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow RMR Group.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Thursday, May 10th. The financial services provider reported $0.54 EPS for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.04). RMR Group had a net margin of 23.43% and a return on equity of 10.30%. The firm had revenue of $59.28 million during the quarter, compared to analysts’ expectations of $60.58 million.
A number of brokerages have commented on RMR. B. Riley set a $88.00 price objective on shares of RMR Group and gave the company a “hold” rating in a research report on Monday, May 14th. BidaskClub raised shares of RMR Group from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research downgraded shares of RMR Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 16th. Finally, ValuEngine upgraded shares of RMR Group from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $73.00.
Several institutional investors have recently modified their holdings of RMR. SG Americas Securities LLC acquired a new position in shares of RMR Group in the 4th quarter valued at $131,000. MetLife Investment Advisors LLC acquired a new position in shares of RMR Group in the 4th quarter valued at $206,000. UBS Asset Management Americas Inc. acquired a new position in shares of RMR Group in the 4th quarter valued at $209,000. Principal Financial Group Inc. acquired a new position in shares of RMR Group in the 1st quarter valued at $219,000. Finally, Barclays PLC boosted its holdings in shares of RMR Group by 94.0% in the 1st quarter. Barclays PLC now owns 3,358 shares of the financial services provider’s stock valued at $235,000 after buying an additional 1,627 shares in the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.
Shares of NASDAQ:RMR traded down $2.25 during trading hours on Friday, reaching $77.30. The stock had a trading volume of 114,500 shares, compared to its average volume of 51,212. RMR Group has a 1 year low of $42.35 and a 1 year high of $83.20. The company has a market cap of $2.48 billion, a PE ratio of 20.40 and a beta of -0.24.
About RMR Group
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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