Wall Street analysts forecast that RMR Group Inc (NASDAQ:RMR) will announce sales of $62.32 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for RMR Group’s earnings. The lowest sales estimate is $61.73 million and the highest is $62.90 million. RMR Group posted sales of $56.64 million in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The business is scheduled to issue its next earnings report on Tuesday, December 11th.
On average, analysts expect that RMR Group will report full year sales of $402.22 million for the current fiscal year, with estimates ranging from $401.64 million to $402.80 million. For the next year, analysts anticipate that the business will report sales of $291.41 million, with estimates ranging from $251.91 million to $330.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover RMR Group.
RMR Group (NASDAQ:RMR) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. RMR Group had a return on equity of 9.97% and a net margin of 23.43%. The company had revenue of $62.08 million for the quarter, compared to analysts’ expectations of $59.03 million.
RMR has been the topic of several recent analyst reports. B. Riley set a $89.00 target price on RMR Group and gave the stock a “hold” rating in a research report on Monday, August 13th. BidaskClub upgraded RMR Group from a “hold” rating to a “buy” rating in a research report on Friday, August 24th. Finally, Zacks Investment Research cut RMR Group from a “buy” rating to a “hold” rating in a research report on Friday, September 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $95.00.
NASDAQ RMR traded down $1.50 on Tuesday, hitting $76.91. 1,583 shares of the company’s stock were exchanged, compared to its average volume of 54,021. RMR Group has a fifty-two week low of $51.10 and a fifty-two week high of $98.00. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 20.58 and a beta of -0.10.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, October 26th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.82%. This is a boost from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s dividend payout ratio is currently 26.39%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Reilly Financial Advisors LLC acquired a new stake in shares of RMR Group in the 3rd quarter worth approximately $113,000. Welch & Forbes LLC acquired a new stake in shares of RMR Group in the 3rd quarter worth approximately $220,000. Aurora Investment Counsel acquired a new stake in shares of RMR Group in the 3rd quarter worth approximately $1,469,000. United Services Automobile Association grew its holdings in shares of RMR Group by 38.0% in the 2nd quarter. United Services Automobile Association now owns 4,520 shares of the financial services provider’s stock worth $355,000 after acquiring an additional 1,244 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of RMR Group by 3.9% in the 2nd quarter. Northern Trust Corp now owns 104,691 shares of the financial services provider’s stock worth $8,214,000 after acquiring an additional 3,971 shares during the period. Institutional investors and hedge funds own 18.30% of the company’s stock.
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.
Featured Story: Average Daily Trade Volume – What It Means In Stock Trading
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.