Brokerages Anticipate The RMR Group Inc. (NASDAQ:RMR) Will Announce Earnings of $0.48 Per Share

Wall Street analysts expect that The RMR Group Inc. (NASDAQ:RMR – Get Rating) will report earnings per share of $0.48 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for The RMR Group’s earnings. The highest EPS estimate is $0.49 and the lowest is $0.48. The RMR Group posted earnings of $0.37 per share in the same quarter last year, which suggests a positive year over year growth rate of 29.7%. The business is expected to issue its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that The RMR Group will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.88 to $1.91. For the next financial year, analysts forecast that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.90 to $1.93. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for The RMR Group.

The RMR Group (NASDAQ:RMR – Get Rating) last announced its quarterly earnings results on Thursday, January 27th. The financial services provider reported $0.46 EPS for the quarter. The business had revenue of $181.57 million during the quarter. The RMR Group had a net margin of 5.51% and a return on equity of 6.61%. During the same quarter last year, the firm posted $0.41 EPS.

A number of brokerages have commented on RMR. StockNews.com began coverage on shares of The RMR Group in a research note on Thursday, March 31st. They set a “buy” rating for the company. Morgan Stanley decreased their price target on shares of The RMR Group from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Monday, April 25th. Zacks Investment Research lowered shares of The RMR Group from a “hold” rating to a “sell” rating in a research note on Tuesday, April 26th. Finally, TheStreet downgraded shares of The RMR Group from a “b-” rating to a “c+” rating in a report on Friday, February 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.20.

Shares of RMR stock opened at $27.28 on Friday. The firm has a market capitalization of $858.91 million, a PE ratio of 12.93 and a beta of 1.65. The firm has a fifty day simple moving average of $29.81 and a two-hundred day simple moving average of $32.39. The RMR Group has a 12 month low of $26.82 and a 12 month high of $47.12.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 19th. Shareholders of record on Monday, April 25th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.87%. This is an increase from The RMR Group’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, April 22nd. The RMR Group’s payout ratio is currently 75.83%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of The RMR Group in the 4th quarter worth about $35,000. Moors & Cabot Inc. purchased a new position in shares of The RMR Group in the 3rd quarter worth about $55,000. UBS Group AG boosted its holdings in shares of The RMR Group by 192.8% in the 3rd quarter. UBS Group AG now owns 2,026 shares of the financial services provider’s stock worth $68,000 after buying an additional 1,334 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of The RMR Group by 158.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,931 shares of the financial services provider’s stock worth $102,000 after buying an additional 1,796 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of The RMR Group by 95.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 4,658 shares of the financial services provider’s stock worth $156,000 after buying an additional 2,279 shares during the last quarter. 42.77% of the stock is currently owned by hedge funds and other institutional investors.

About The RMR Group (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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