Analysts expect RMR Group Inc (NASDAQ:RMR) to post $0.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for RMR Group’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.44. RMR Group posted earnings of $0.59 per share during the same quarter last year, which suggests a negative year over year growth rate of 33.9%. The business is scheduled to report its next earnings results on Friday, November 27th.
According to Zacks, analysts expect that RMR Group will report full year earnings of $1.82 per share for the current year, with EPS estimates ranging from $1.79 to $1.84. For the next financial year, analysts anticipate that the business will report earnings of $1.66 per share, with EPS estimates ranging from $1.60 to $1.71. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow RMR Group.
RMR Group (NASDAQ:RMR) last released its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.01. RMR Group had a return on equity of 6.09% and a net margin of 5.18%.
Several equities analysts have recently commented on the company. UBS Group reduced their price objective on RMR Group from $46.00 to $23.00 and set a “neutral” rating on the stock in a research report on Thursday, May 14th. B. Riley reduced their price objective on RMR Group from $55.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, May 14th. BidaskClub upgraded RMR Group from a “sell” rating to a “hold” rating in a research report on Friday. Oppenheimer assumed coverage on RMR Group in a research report on Friday, August 7th. They set a “hold” rating on the stock. Finally, Citigroup increased their price objective on RMR Group from $28.00 to $31.50 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. RMR Group has an average rating of “Hold” and a consensus price target of $35.07.
Shares of NASDAQ:RMR traded down $0.40 on Tuesday, hitting $30.22. The company’s stock had a trading volume of 66,229 shares, compared to its average volume of 89,226. The company has a market capitalization of $946.34 million, a PE ratio of 15.99 and a beta of 1.23. The company has a 50-day simple moving average of $29.36 and a 200 day simple moving average of $29.99. RMR Group has a 1 year low of $21.79 and a 1 year high of $49.99.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Monday, July 27th were given a $0.38 dividend. The ex-dividend date of this dividend was Friday, July 24th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.03%. RMR Group’s dividend payout ratio is currently 31.47%.
Several hedge funds have recently modified their holdings of RMR. Public Employees Retirement Association of Colorado lifted its stake in shares of RMR Group by 38.7% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 1,345 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 375 shares during the period. US Bancorp DE lifted its stake in shares of RMR Group by 383.3% in the 1st quarter. US Bancorp DE now owns 1,822 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 1,445 shares during the period. Verus Capital Partners LLC lifted its stake in shares of RMR Group by 61.4% in the 1st quarter. Verus Capital Partners LLC now owns 1,892 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 720 shares during the period. Advisor Group Holdings Inc. purchased a new position in shares of RMR Group in the 1st quarter valued at approximately $55,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of RMR Group by 114.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,435 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 1,300 shares during the period. Hedge funds and other institutional investors own 39.67% of the company’s stock.
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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.
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