Wall Street brokerages expect The RMR Group Inc. (NASDAQ:RMR) to announce $0.42 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for The RMR Group’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.48. The RMR Group posted earnings per share of $0.46 during the same quarter last year, which would suggest a negative year over year growth rate of 8.7%. The firm is expected to report its next quarterly earnings report on Monday, May 10th.
On average, analysts expect that The RMR Group will report full-year earnings of $1.71 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.89. For the next year, analysts expect that the company will post earnings of $1.87 per share, with EPS estimates ranging from $1.64 to $2.31. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow The RMR Group.
The RMR Group (NASDAQ:RMR) last posted its quarterly earnings results on Sunday, January 31st. The financial services provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.16. The RMR Group had a return on equity of 5.47% and a net margin of 4.88%. The business had revenue of $156.95 million for the quarter, compared to the consensus estimate of $148.20 million.
Hedge funds have recently made changes to their positions in the company. Royal London Asset Management Ltd. acquired a new stake in The RMR Group during the fourth quarter worth about $33,000. Strs Ohio acquired a new stake in The RMR Group during the fourth quarter worth about $142,000. Squarepoint Ops LLC acquired a new stake in The RMR Group during the third quarter worth about $210,000. PhiloSmith Capital Corp grew its holdings in The RMR Group by 92,400.0% during the first quarter. PhiloSmith Capital Corp now owns 3,700 shares of the financial services provider’s stock worth $312,000 after acquiring an additional 3,696 shares during the period. Finally, Globeflex Capital L P grew its holdings in The RMR Group by 9.8% during the fourth quarter. Globeflex Capital L P now owns 9,096 shares of the financial services provider’s stock worth $351,000 after acquiring an additional 813 shares during the period. 38.08% of the stock is currently owned by institutional investors and hedge funds.
Shares of RMR traded up $0.04 during midday trading on Friday, reaching $40.64. 412 shares of the stock were exchanged, compared to its average volume of 65,253. The RMR Group has a 52 week low of $23.00 and a 52 week high of $44.16. The company’s 50 day moving average is $40.37 and its two-hundred day moving average is $35.85. The company has a market capitalization of $1.28 billion, a P/E ratio of 23.07 and a beta of 1.43.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 18th. Stockholders of record on Monday, January 25th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date was Friday, January 22nd. The RMR Group’s dividend payout ratio is presently 85.88%.
About The 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, 2020, it had approximately 2,100 properties in 47 states under management, which are primarily owned by the Managed Equity REITs.
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