Brokerages expect The RMR Group Inc. (NASDAQ:RMR – Get Rating) to post $163.51 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for The RMR Group’s earnings. The highest sales estimate is $182.20 million and the lowest is $151.00 million. The RMR Group reported sales of $131.56 million during the same quarter last year, which would suggest a positive year over year growth rate of 24.3%. The business is expected to announce its next quarterly earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that The RMR Group will report full-year sales of $673.55 million for the current financial year, with estimates ranging from $636.57 million to $728.90 million. For the next year, analysts expect that the company will post sales of $676.79 million, with estimates ranging from $636.00 million to $732.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that follow The RMR Group.
The RMR Group (NASDAQ:RMR – Get Rating) last issued its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $181.57 million during the quarter. The RMR Group had a return on equity of 6.61% and a net margin of 5.51%. During the same quarter last year, the business posted $0.41 EPS.
A number of institutional investors have recently made changes to their positions in the business. Morgan Stanley increased its stake in shares of The RMR Group by 164.2% during the second quarter. Morgan Stanley now owns 51,665 shares of the financial services provider’s stock valued at $1,998,000 after buying an additional 32,107 shares during the period. SG Americas Securities LLC purchased a new position in shares of The RMR Group during the third quarter valued at approximately $306,000. Victory Capital Management Inc. increased its stake in shares of The RMR Group by 15.2% during the third quarter. Victory Capital Management Inc. now owns 139,545 shares of the financial services provider’s stock valued at $4,668,000 after buying an additional 18,432 shares during the period. Hancock Whitney Corp purchased a new position in shares of The RMR Group during the third quarter valued at approximately $451,000. Finally, Moors & Cabot Inc. purchased a new position in shares of The RMR Group during the third quarter valued at approximately $55,000. 42.50% of the stock is currently owned by institutional investors and hedge funds.
Shares of RMR opened at $27.28 on Friday. The company has a market cap of $859.05 million, a PE ratio of 12.93 and a beta of 1.65. The stock has a 50-day moving average price of $29.81 and a 200-day moving average price of $32.40. The RMR Group has a 12-month low of $26.82 and a 12-month high of $47.12.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, April 25th will be paid a $0.40 dividend. This is a boost from The RMR Group’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date of this dividend is Friday, April 22nd. The RMR Group’s payout ratio is 75.83%.
The RMR Group Company Profile (Get Rating)
The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides business and property management services in the United States. The company provides management services to its four publicly traded real estate investment trusts and three real estate operating companies. It also provides investment advisory services.
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