Wall Street analysts expect that RMR Group (NASDAQ:RMR) will announce sales of $61.33 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for RMR Group’s earnings. The lowest sales estimate is $59.75 million and the highest is $62.90 million. RMR Group posted sales of $54.30 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.9%. The business is scheduled to issue its next earnings report on Wednesday, May 9th.
On average, analysts expect that RMR Group will report full-year sales of $403.83 million for the current fiscal year, with estimates ranging from $398.75 million to $408.90 million. For the next financial year, analysts anticipate that the company will post sales of $368.30 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover RMR Group.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Thursday, February 8th. The financial services provider reported $0.60 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $206.85 million.
Several research firms recently weighed in on RMR. Zacks Investment Research cut shares of RMR Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday. BidaskClub upgraded shares of RMR Group from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 4th. Finally, B. Riley assumed coverage on shares of RMR Group in a research report on Friday, February 9th. They set a “hold” rating and a $61.00 target price for the company. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $62.25.
Institutional investors have recently modified their holdings of the business. Engine Capital Management LLC grew its holdings in shares of RMR Group by 718.5% in the 4th quarter. Engine Capital Management LLC now owns 89,541 shares of the financial services provider’s stock valued at $5,310,000 after buying an additional 78,601 shares during the period. Opus Capital Group LLC acquired a new position in shares of RMR Group in the 4th quarter valued at $3,559,000. Renaissance Technologies LLC grew its holdings in shares of RMR Group by 31.1% in the 4th quarter. Renaissance Technologies LLC now owns 190,900 shares of the financial services provider’s stock valued at $11,320,000 after buying an additional 45,300 shares during the period. Capital Analysts LLC grew its holdings in shares of RMR Group by 93,903.1% in the 4th quarter. Capital Analysts LLC now owns 30,081 shares of the financial services provider’s stock valued at $4,534,000 after buying an additional 30,049 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of RMR Group by 17.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 200,400 shares of the financial services provider’s stock valued at $10,291,000 after buying an additional 29,686 shares during the period. Institutional investors own 17.89% of the company’s stock.
RMR stock traded down $0.80 during trading on Monday, hitting $75.90. The company had a trading volume of 34,379 shares, compared to its average volume of 51,355. RMR Group has a 12 month low of $42.35 and a 12 month high of $77.20. The stock has a market capitalization of $2,390.13, a PE ratio of 40.16 and a beta of -0.20.
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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, 2017, the company had approximately 1,400 properties under management, which are primarily owned by its Managed Equity REITs.
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