Equities analysts predict that RMR Group Inc (NASDAQ:RMR) will report earnings per share of $0.50 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for RMR Group’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.49. RMR Group posted earnings per share of $0.44 during the same quarter last year, which would indicate a positive year over year growth rate of 13.6%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 8th.
On average, analysts expect that RMR Group will report full-year earnings of $5.98 per share for the current year, with EPS estimates ranging from $5.95 to $6.00. For the next fiscal year, analysts expect that the firm will report earnings of $3.57 per share, with EPS estimates ranging from $2.34 to $4.80. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow RMR Group.
RMR Group (NASDAQ:RMR) last posted its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. RMR Group had a net margin of 23.43% and a return on equity of 10.30%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Victory Capital Management Inc. raised its holdings in RMR Group by 15.9% during the second quarter. Victory Capital Management Inc. now owns 4,976 shares of the financial services provider’s stock worth $390,000 after buying an additional 681 shares during the last quarter. Bowling Portfolio Management LLC raised its holdings in RMR Group by 4.1% during the second quarter. Bowling Portfolio Management LLC now owns 23,282 shares of the financial services provider’s stock worth $1,826,000 after buying an additional 918 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in RMR Group by 19.6% during the first quarter. JPMorgan Chase & Co. now owns 5,811 shares of the financial services provider’s stock worth $406,000 after buying an additional 954 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in RMR Group by 15.5% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 7,516 shares of the financial services provider’s stock worth $446,000 after buying an additional 1,008 shares during the last quarter. Finally, Schroder Investment Management Group raised its holdings in RMR Group by 18.4% during the first quarter. Schroder Investment Management Group now owns 6,944 shares of the financial services provider’s stock worth $486,000 after buying an additional 1,079 shares during the last quarter. 17.52% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:RMR opened at $86.20 on Monday. RMR Group has a 52 week low of $42.35 and a 52 week high of $89.50. The firm has a market capitalization of $2.70 billion, a PE ratio of 22.74 and a beta of -0.16.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Investors of record on Monday, July 30th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.16%. The ex-dividend date is Friday, July 27th. RMR Group’s dividend payout ratio is presently 26.39%.
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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