Zacks: Analysts Anticipate RMR Group Inc (RMR) Will Post Earnings of $0.55 Per Share
Wall Street brokerages expect RMR Group Inc (NASDAQ:RMR) to post earnings per share of $0.55 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for RMR Group’s earnings, with estimates ranging from $0.54 to $0.56. RMR Group reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, December 3rd.
According to Zacks, analysts expect that RMR Group will report full-year earnings of $5.98 per share for the current fiscal year, with EPS estimates ranging from $5.97 to $5.99. For the next year, analysts forecast that the business will report earnings of $3.41 per share, with EPS estimates ranging from $2.41 to $4.41. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for RMR Group.
RMR Group (NASDAQ:RMR) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $62.08 million during the quarter, compared to the consensus estimate of $59.03 million. RMR Group had a return on equity of 9.97% and a net margin of 23.43%.
A number of hedge funds and other institutional investors have recently modified their holdings of RMR. Reilly Financial Advisors LLC acquired a new stake in shares of RMR Group during the third quarter worth about $113,000. Cim LLC acquired a new stake in shares of RMR Group during the second quarter worth about $214,000. Principal Financial Group Inc. acquired a new stake in shares of RMR Group during the first quarter worth about $219,000. Welch & Forbes LLC acquired a new stake in shares of RMR Group during the third quarter worth about $220,000. Finally, Eqis Capital Management Inc. acquired a new stake in shares of RMR Group during the second quarter worth about $225,000. 18.05% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ RMR opened at $75.54 on Wednesday. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 35.40 and a beta of 0.69. RMR Group has a fifty-two week low of $52.81 and a fifty-two week high of $98.00.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Monday, October 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 1.85%. The ex-dividend date is Friday, October 26th. This is an increase from RMR Group’s previous quarterly dividend of $0.25. RMR Group’s dividend payout ratio (DPR) is currently 36.94%.
About RMR Group
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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