Wall Street analysts expect RMR Group Inc (NASDAQ:RMR) to announce $61.33 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for RMR Group’s earnings, with estimates ranging from $59.75 million to $62.90 million. RMR Group reported sales of $54.30 million during the same quarter last year, which indicates a positive year over year growth rate of 12.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, May 9th.
On average, analysts expect that RMR Group will report full-year sales of $61.33 million for the current fiscal year, with estimates ranging from $398.75 million to $408.90 million. For the next financial year, analysts forecast that the business will report sales of $368.30 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that that provide coverage for RMR Group.
RMR Group (NASDAQ:RMR) last announced its quarterly earnings results on Thursday, February 8th. The financial services provider reported $0.60 EPS for the quarter, beating the consensus estimate of $0.49 by $0.11. RMR Group had a net margin of 23.35% and a return on equity of 10.86%. The company had revenue of $218.54 million for the quarter, compared to analyst estimates of $206.85 million.
Shares of RMR Group (RMR) traded down $0.05 during trading hours on Friday, hitting $60.80. 56,503 shares of the company’s stock traded hands, compared to its average volume of 37,356. RMR Group has a 12 month low of $42.35 and a 12 month high of $67.90. The firm has a market capitalization of $1,896.21, a price-to-earnings ratio of 10.94 and a beta of -0.51.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a dividend of $0.25 per share. The ex-dividend date is Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. RMR Group’s dividend payout ratio is presently 17.99%.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of RMR Group by 1.7% during the second quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock valued at $28,312,000 after acquiring an additional 9,629 shares during the period. BlackRock Inc. boosted its holdings in RMR Group by 0.6% during the fourth quarter. BlackRock Inc. now owns 432,190 shares of the financial services provider’s stock worth $25,629,000 after buying an additional 2,760 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in RMR Group by 17.4% during the third quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock worth $10,291,000 after buying an additional 29,686 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in RMR Group by 31.1% during the fourth quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock worth $11,320,000 after buying an additional 45,300 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in RMR Group by 11.5% during the fourth quarter. Geode Capital Management LLC now owns 127,954 shares of the financial services provider’s stock worth $7,587,000 after buying an additional 13,225 shares in the last quarter. Institutional investors and hedge funds own 36.42% of the company’s stock.
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About RMR Group
The RMR Group Inc is a holding company. The Company’s business is primarily conducted by its subsidiary, The RMR Group LLC (RMR LLC). The Company’s segments include RMR LLC and All Other Operations. RMR LLC manages a portfolio of publicly owned real estate and real estate related businesses. RMR LLC manages Government Properties Income Trust, a real estate investment trust (REIT) that primarily owns properties that are leased to government tenants; Hospitality Properties Trust, an REIT that primarily owns hotels and travel centers; Select Income REIT, an REIT that primarily owns properties leased to single tenants across the United States and leased lands in Hawaii, and Senior Housing Properties Trust, an REIT that primarily owns senior living communities and medical office buildings.
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