Analysts Anticipate RMR Group Inc (RMR) Will Post Earnings of $0.57 Per Share

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Analysts forecast that RMR Group Inc (NASDAQ:RMR) will report $0.57 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have issued estimates for RMR Group’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.57. RMR Group posted earnings of $0.44 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 29.5%. The business is scheduled to issue its next quarterly earnings report on Wednesday, August 8th.

On average, analysts expect that RMR Group will report full year earnings of $6.07 per share for the current year, with EPS estimates ranging from $6.02 to $6.12. For the next fiscal year, analysts forecast that the firm will post earnings of $3.49 per share, with EPS estimates ranging from $2.54 to $4.43. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover RMR Group.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Thursday, May 10th. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.58 by ($0.04). The company had revenue of $59.28 million for the quarter, compared to analyst estimates of $60.58 million. RMR Group had a net margin of 23.43% and a return on equity of 10.30%.

A number of research firms have recently weighed in on RMR. Zacks Investment Research lowered shares of RMR Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 12th. BidaskClub upgraded shares of RMR Group from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 4th. B. Riley set a $88.00 price objective on shares of RMR Group and gave the stock a “hold” rating in a research note on Monday, May 14th. Finally, ValuEngine upgraded shares of RMR Group from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.00.

Shares of NASDAQ:RMR traded down $0.35 during midday trading on Monday, reaching $81.05. The company’s stock had a trading volume of 24,896 shares, compared to its average volume of 50,735. The firm has a market capitalization of $2.54 billion, a P/E ratio of 21.39 and a beta of -0.23. RMR Group has a twelve month low of $42.35 and a twelve month high of $83.20.

Several large investors have recently added to or reduced their stakes in RMR. Engine Capital Management LLC grew its position in RMR Group by 718.5% during the fourth quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock valued at $5,310,000 after buying an additional 78,601 shares during the period. Dimensional Fund Advisors LP grew its position in RMR Group by 22.3% during the first quarter. Dimensional Fund Advisors LP now owns 271,480 shares of the financial services provider’s stock valued at $18,990,000 after buying an additional 49,474 shares during the period. Renaissance Technologies LLC grew its position 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 valued at $11,320,000 after buying an additional 45,300 shares during the period. Mackay Shields LLC acquired a new stake in RMR Group during the first quarter valued at $3,004,000. Finally, Prudential Financial Inc. grew its position in RMR Group by 26.6% during the first quarter. Prudential Financial Inc. now owns 110,078 shares of the financial services provider’s stock valued at $7,700,000 after buying an additional 23,139 shares during the period. Hedge funds and other institutional investors own 17.44% 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 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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Earnings History and Estimates for RMR Group (NASDAQ:RMR)

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