Zacks: Brokerages Predict The RMR Group Inc. (NASDAQ: RMR) to Announce EPS of $ 0.48
Equity research analysts expect The RMR Group Inc. (NASDAQ: RMR) to report earnings of $ 0.48 per share for the current quarter, Zacks Investment Research reports. Two analysts estimated The RMR Group’s earnings, with the highest EPS estimate being $ 0.49 and the lower estimate being $ 0.48. The RMR Group reported earnings of $ 0.41 per share in the same quarter last year, which would indicate a positive growth rate of 17.1% year-over-year. The company is expected to announce its next earnings report on Monday, February 7.
On average, analysts predict The RMR Group will report annual earnings of $ 1.90 per share for the current fiscal year, with EPS estimates ranging from $ 1.86 to $ 1.93. For next year, analysts predict the company will post earnings of $ 1.97 per share, with EPS estimates ranging from $ 1.95 to $ 1.98. Zacks Investment Research earnings per share averages are an average based on a survey of analysts who provide coverage for The RMR Group.
The RMR Group (NASDAQ: RMR) last reported its results on Monday, November 15. The financial services provider reported earnings of $ 0.82 per share for the quarter, beating the Zacks’ consensus estimate by $ 0.49 per $ 0.33. The company posted revenue of $ 173.48 million in the quarter, compared to analysts’ estimates of $ 149.54 million. The RMR Group had a net margin of 5.88% and a return on equity of 5.84%. During the same period of the previous year, the company made EPS of $ 0.39.
Several equity research analysts commented on the stock. The Royal Bank of Canada lowered its price target on RMR Group shares from $ 42.00 to $ 35 and established a “sector performance” rating on the stock in a research report released on Wednesday, December 1. B. Riley lowered his price target on RMR Group shares from $ 48.00 to $ 44.00 and set a “buy” rating on the stock in a research report released Thursday, November 18. Morgan Stanley raised its price target for RMR Group shares from $ 41.00 to $ 43.00 and gave the company an “equal weight” rating in a report released on Tuesday, August 31. BTIG Research raised its target price on RMR Group shares from $ 44.00 to $ 47.00 and gave the company a “buy” rating in a report released on Tuesday, August 31. Finally, Zacks Investment Research downgraded RMR Group shares from a “hold” rating to a “sell” rating in a report released on Friday, November 19. One investment analyst rated the stock with a sell rating, three issued a conservation rating, and two assigned a buy rating to the stock. According to MarketBeat data, The RMR Group currently has a consensus rating of “Hold” and an average target price of $ 41.50.
NASDAQ: RMR traded up $ 0.42 on Monday, reaching $ 34.14. 63,735 shares of the company were traded, for an average volume of 78,874. The company has a 50-day moving average price of $ 34.87 and a 200-day moving average price of $ 36.76. The RMR group has a 52-week low of $ 31.82 and a 52-week high of $ 47.12. The company has a market cap of $ 1.07 billion, a P / E ratio of 16.03 and a beta of 1.67.
The company also recently announced a quarterly dividend, which was paid on Thursday, November 18. Shareholders of record on Monday, October 25, received a dividend of $ 0.38 per share. This represents a dividend of $ 1.52 on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Friday October 22. This is a positive change from RMR Group’s previous quarterly dividend of $ 0.30. The RMR Group’s dividend payout rate is currently 71.36%.
Several hedge funds and other institutional investors have recently bought and sold shares of RMR. Lincluden Management Ltd. acquired a new equity interest in The RMR Group during the 3rd quarter valued at approximately $ 9,701,000. LDR Capital Management LLC acquired a new equity stake in The RMR Group during the 3rd quarter valued at approximately $ 8,299,000. Citadel Advisors LLC increased its stake in The RMR Group by 73.0% in the 3rd quarter. Citadel Advisors LLC now owns 391,354 shares of the financial services provider valued at $ 13,091,000 after purchasing an additional 165,110 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in The RMR Group by 21.9% in the 2nd quarter. Hotchkis & Wiley Capital Management LLC now owns 740,685 shares of the financial services provider valued at $ 28,620,000 after purchasing an additional 132,880 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in The RMR Group by 4.4% in the 2nd quarter. Vanguard Group Inc. now owns 2,246,601 shares of the financial services provider valued at $ 86,809,000 after purchasing an additional 95,180 shares in the last quarter. Institutional investors and hedge funds hold 39.20% of the company’s shares.
The company profile of the RMR group
The RMR Group, Inc. is a holding company that provides management services to managed REITs and managed operators. It operates through the RMR LLC and All Other Operations segments. The RMR LLC segment invests in real estate and manages activities related to real estate.
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