RMR Group Inc (RMR) Expected to Post Quarterly Sales of $61.33 Million

Wall Street brokerages expect RMR Group Inc (NASDAQ:RMR) to post $61.33 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for RMR Group’s earnings. The highest sales estimate is $62.90 million and the lowest is $59.75 million. RMR Group posted sales of $54.30 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that RMR Group will report full-year sales of $61.33 million for the current year, with estimates ranging from $398.75 million to $408.90 million. For the next year, analysts expect 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 analysts that follow RMR Group.

RMR Group (NASDAQ:RMR) last released its 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 firm had revenue of $218.54 million for the quarter, compared to analyst estimates of $206.85 million.

Several equities analysts have commented on the stock. B. Riley reissued a “neutral” rating on shares of RMR Group in a report on Wednesday, November 1st. Zacks Investment Research raised shares of RMR Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Wednesday, January 10th. Oppenheimer reissued a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. TheStreet raised shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Finally, BidaskClub lowered shares of RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $62.25.

RMR Group (RMR) traded down $0.05 during mid-day trading on Friday, reaching $61.10. 48,632 shares of the company’s stock traded hands, compared to its average volume of 38,459. RMR Group has a 52-week low of $42.35 and a 52-week high of $67.90. The company has a market cap of $1,894.65, a price-to-earnings ratio of 11.00 and a beta of -0.51.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Monday, January 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.64%. RMR Group’s payout ratio is currently 17.99%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Engine Capital Management LLC raised its holdings in RMR Group by 718.5% during the 4th quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock worth $5,310,000 after purchasing an additional 78,601 shares during the last quarter. Opus Capital Group LLC bought a new position in shares of RMR Group in the fourth quarter worth approximately $3,559,000. Renaissance Technologies LLC increased its position in shares of RMR Group by 31.1% in the fourth quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock worth $11,320,000 after purchasing an additional 45,300 shares during the last quarter. FMR LLC increased its position in shares of RMR Group by 114.5% in the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after purchasing an additional 33,115 shares during the last quarter. Finally, Capital Analysts LLC increased its position in shares of RMR Group by 93,903.1% in the fourth quarter. Capital Analysts LLC now owns 30,081 shares of the financial services provider’s stock worth $4,534,000 after purchasing an additional 30,049 shares during the last quarter. Institutional investors own 36.42% of the company’s stock.

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RMR Group Company Profile

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

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