RMR Group Inc (RMR) Expected to Announce Earnings of $0.46 Per Share

Wall Street analysts expect RMR Group Inc (NYSE:RMR) to report earnings of $0.46 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for RMR Group’s earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.44. RMR Group posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.5%. The business is scheduled to issue its next quarterly earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that RMR Group will report full-year earnings of $1.84 per share for the current financial year, with EPS estimates ranging from $1.81 to $1.86. For the next year, analysts anticipate that the company will post earnings of $1.79 per share, with EPS estimates ranging from $1.78 to $1.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for RMR Group.

RMR Group (NYSE:RMR) last announced its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by $0.01. RMR Group had a net margin of 32.69% and a return on equity of 19.25%. The business had revenue of $54.30 million during the quarter, compared to analysts’ expectations of $52.79 million.

RMR has been the topic of several research reports. Zacks Investment Research upgraded RMR Group from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Tuesday, May 16th. FBR & Co restated a “mkt perform” rating and set a $48.00 price target (up from $44.00) on shares of RMR Group in a research note on Friday, May 12th. Oppenheimer Holdings, Inc. initiated coverage on RMR Group in a research note on Tuesday, April 18th. They set a “market perform” rating on the stock. Finally, Canaccord Genuity initiated coverage on RMR Group in a research note on Wednesday, May 31st. They set a “buy” rating and a $72.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. RMR Group has a consensus rating of “Hold” and an average target price of $59.33.

Shares of RMR Group (NYSE RMR) traded down 0.59% during midday trading on Tuesday, hitting $50.15. 88,744 shares of the stock were exchanged. RMR Group has a 1-year low of $29.16 and a 1-year high of $55.10. The firm has a 50-day moving average of $50.71 and a 200-day moving average of $47.74. The company has a market capitalization of $807.11 million and a P/E ratio of 18.12.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of RMR Group by 8.7% in the first quarter. Vanguard Group Inc. now owns 572,314 shares of the financial services provider’s stock valued at $28,330,000 after buying an additional 45,603 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of RMR Group by 8.0% in the first quarter. Acadian Asset Management LLC now owns 543,488 shares of the financial services provider’s stock valued at $26,903,000 after buying an additional 40,094 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of RMR Group by 26.7% in the first quarter. Dimensional Fund Advisors LP now owns 142,451 shares of the financial services provider’s stock valued at $7,051,000 after buying an additional 29,980 shares in the last quarter. State Street Corp raised its position in shares of RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock valued at $5,133,000 after buying an additional 11,266 shares in the last quarter. Finally, Engine Capital Management LLC raised its position in shares of RMR Group by 977.4% in the first quarter. Engine Capital Management LLC now owns 113,569 shares of the financial services provider’s stock valued at $5,622,000 after buying an additional 103,028 shares in the last quarter.

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About RMR Group

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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