Analysts Expect RMR Group Inc (RMR) Will Announce Quarterly Sales of $61.33 Million

Brokerages expect RMR Group Inc (NASDAQ:RMR) to report $61.33 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for RMR Group’s earnings, with the lowest sales estimate coming in at $59.75 million and the highest estimate coming in at $62.90 million. RMR Group reported sales of $54.30 million during the same quarter last year, which would suggest a positive year over year growth rate of 12.9%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 9th.

On average, analysts expect that RMR Group will report full year sales of $61.33 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 business will post sales of $368.30 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow RMR Group.

RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, February 8th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.11. RMR Group had a return on equity of 10.86% and a net margin of 23.35%. The business had revenue of $218.54 million for the quarter, compared to analyst estimates of $206.85 million.

A number of analysts have recently issued reports on RMR shares. TheStreet raised RMR Group from a “c” rating to a “b-” rating in a research report on Tuesday, December 12th. BidaskClub downgraded RMR Group from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Thursday, January 4th. B. Riley set a $55.00 price target on RMR Group and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, Oppenheimer reiterated a “hold” rating on shares of RMR Group in a research note on Tuesday, December 12th. 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’s stock. The company currently has an average rating of “Buy” and a consensus price target of $62.25.

Shares of RMR Group (NASDAQ:RMR) opened at $60.85 on Friday. RMR Group has a 52-week low of $42.35 and a 52-week high of $67.90. The stock has a market capitalization of $1,900.00 and a PE ratio of 10.96.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 22nd. Investors of record on Monday, January 29th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Friday, January 26th. This represents a $1.00 dividend on an annualized basis and a yield of 1.64%. RMR Group’s dividend payout ratio (DPR) is 18.02%.

A number of large investors have recently bought and sold shares of RMR. SG Americas Securities LLC acquired a new position in RMR Group in the fourth quarter worth about $131,000. MetLife Investment Advisors LLC acquired a new position in RMR Group in the fourth quarter worth about $206,000. UBS Asset Management Americas Inc. acquired a new position in RMR Group in the fourth quarter worth about $209,000. Voya Investment Management LLC acquired a new position in RMR Group in the second quarter worth about $218,000. Finally, Two Sigma Investments LP acquired a new position in RMR Group in the fourth quarter worth about $249,000. Institutional investors and hedge funds own 34.71% of the company’s stock.

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RMR Group Company Profile

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.

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Earnings History and Estimates for RMR Group (NASDAQ:RMR)

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