Wall Street brokerages expect RMR Group Inc (NASDAQ:RMR) to report sales of $61.33 million for the current quarter, according to Zacks. Two analysts have issued estimates for RMR Group’s earnings, with the highest sales estimate coming in at $62.90 million and the lowest estimate coming in at $59.75 million. RMR Group reported sales of $54.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.9%. The business is scheduled to report its next quarterly earnings results on Wednesday, May 9th.
On average, analysts expect that RMR Group will report full year sales of $61.33 million for the current financial year, with estimates ranging from $398.75 million to $408.90 million. For the next fiscal year, analysts forecast that the company will post sales of $368.30 million per share. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover 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, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.11. The company had revenue of $218.54 million during the quarter, compared to analysts’ expectations of $206.85 million. RMR Group had a net margin of 23.35% and a return on equity of 10.86%.
A number of equities analysts have recently issued reports on RMR shares. B. Riley set a $61.00 price target on shares of RMR Group and gave the company a “hold” rating in a report on Tuesday, January 23rd. BidaskClub downgraded shares of RMR Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 4th. Zacks Investment Research downgraded shares of RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Oppenheimer reiterated a “hold” rating on shares of RMR Group in a report on Tuesday, December 12th. Finally, TheStreet upgraded shares of RMR Group from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.25.
Shares of RMR Group (NASDAQ:RMR) traded up $1.20 on Tuesday, hitting $72.45. 72,640 shares of the stock were exchanged, compared to its average volume of 44,018. The stock has a market cap of $2,112.78, a P/E ratio of 12.75 and a beta of -0.11. RMR Group has a 1-year low of $42.35 and a 1-year high of $73.05.
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 22nd. Shareholders of record on Monday, January 29th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, January 26th. This represents a $1.00 annualized dividend and a yield of 1.38%. RMR Group’s dividend payout ratio (DPR) is currently 17.99%.
A number of large investors have recently bought and sold shares of RMR. Northern Trust Corp increased its holdings in RMR Group by 3.0% during the 2nd quarter. Northern Trust Corp now owns 109,238 shares of the financial services provider’s stock valued at $5,315,000 after acquiring an additional 3,138 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of RMR Group by 1.7% during the second quarter. Vanguard Group Inc. now owns 581,943 shares of the financial services provider’s stock worth $28,312,000 after buying an additional 9,629 shares in the last quarter. FMR LLC grew its holdings in shares of RMR Group by 114.5% during the second quarter. FMR LLC now owns 62,043 shares of the financial services provider’s stock worth $3,018,000 after buying an additional 33,115 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of RMR Group by 19.8% during the second quarter. Dimensional Fund Advisors LP now owns 170,714 shares of the financial services provider’s stock worth $8,306,000 after buying an additional 28,263 shares in the last quarter. Finally, Voya Investment Management LLC purchased a new stake in shares of RMR Group during the second quarter worth about $218,000. Hedge funds and other institutional investors own 17.60% of the company’s stock.
ILLEGAL ACTIVITY WARNING: This news story was originally posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/03/16/61-33-million-in-sales-expected-for-rmr-group-inc-rmr-this-quarter.html.
About RMR Group
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.
Get a free copy of the Zacks research report on RMR Group (RMR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for RMR Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for RMR Group and related companies with MarketBeat.com's FREE daily email newsletter.