The RMR Group Inc. (NASDAQ:RMR) Expected to Post Earnings of $0.42 Per Share

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Analysts predict that The RMR Group Inc. (NASDAQ:RMR) will report $0.42 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for The RMR Group’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.48. The RMR Group reported earnings of $0.46 per share in the same quarter last year, which suggests a negative year over year growth rate of 8.7%. The firm is expected to issue its next quarterly earnings report after the market closes on Monday, May 10th.

According to Zacks, analysts expect that The RMR Group will report full-year earnings of $1.71 per share for the current year, with EPS estimates ranging from $1.60 to $1.89. For the next fiscal year, analysts expect that the firm will report earnings of $1.88 per share, with EPS estimates ranging from $1.64 to $2.31. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for The RMR Group.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Sunday, January 31st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. The firm had revenue of $156.95 million during the quarter, compared to analysts’ expectations of $148.20 million. The RMR Group had a return on equity of 5.47% and a net margin of 4.88%.

A number of brokerages have recently commented on RMR. B. Riley increased their target price on shares of The RMR Group from $41.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, February 3rd. Morgan Stanley reduced their price objective on The RMR Group from $46.00 to $40.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 19th. Zacks Investment Research cut The RMR Group from a “buy” rating to a “hold” rating in a research report on Wednesday. BTIG Research started coverage on The RMR Group in a research note on Monday, December 28th. They issued a “buy” rating and a $45.00 target price for the company. Finally, Citigroup lifted their price target on shares of The RMR Group from $37.75 to $42.00 in a research note on Monday, February 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $40.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. acquired a new stake in shares of The RMR Group in the fourth quarter valued at approximately $33,000. Strs Ohio bought a new position in The RMR Group in the 4th quarter valued at $142,000. Squarepoint Ops LLC acquired a new stake in shares of The RMR Group in the 3rd quarter valued at $210,000. PhiloSmith Capital Corp increased its stake in shares of The RMR Group by 92,400.0% in the 1st quarter. PhiloSmith Capital Corp now owns 3,700 shares of the financial services provider’s stock valued at $312,000 after buying an additional 3,696 shares during the period. Finally, Globeflex Capital L P raised its position in shares of The RMR Group by 9.8% during the fourth quarter. Globeflex Capital L P now owns 9,096 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 813 shares during the last quarter. 38.08% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ RMR traded down $0.30 during midday trading on Friday, hitting $40.36. The company had a trading volume of 30,443 shares, compared to its average volume of 64,098. The firm has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $35.97. The RMR Group has a fifty-two week low of $23.00 and a fifty-two week high of $44.16. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 22.93 and a beta of 1.43.

The business also recently announced a quarterly dividend, which was paid on Thursday, February 18th. Shareholders of record on Monday, January 25th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date was Friday, January 22nd. The RMR Group’s dividend payout ratio is presently 85.88%.

The 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, 2020, it had approximately 2,100 properties in 47 states under management, which are primarily owned by the Managed Equity REITs.

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Earnings History and Estimates for The RMR Group (NASDAQ:RMR)

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