Zacks: Analysts Anticipate RMR Group Inc (RMR) Will Post Earnings of $0.46 Per Share

Equities analysts expect RMR Group Inc (NYSE:RMR) to report $0.46 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for RMR Group’s earnings. The highest EPS estimate is $0.47 and the lowest is $0.44. RMR Group posted earnings of $0.42 per share during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The company is scheduled to report its next earnings report on Tuesday, August 8th.

On average, analysts expect that RMR Group will report full year earnings of $1.84 per share for the current year, with EPS estimates ranging from $1.81 to $1.86. For the next fiscal 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 earnings per share calculations are an average based on a survey of sell-side research firms that cover RMR Group.

RMR Group (NYSE:RMR) last posted its earnings results on Wednesday, May 10th. The financial services provider reported $0.43 EPS for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $54.30 million during the quarter, compared to the consensus estimate of $52.79 million. RMR Group had a net margin of 32.69% and a return on equity of 19.25%.

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

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A number of large investors have recently modified their holdings of the stock. State Board of Administration of Florida Retirement System acquired a new position in RMR Group during the first quarter worth approximately $208,000. American International Group Inc. raised its position in RMR Group by 7.1% in the first quarter. American International Group Inc. now owns 4,261 shares of the financial services provider’s stock worth $211,000 after buying an additional 281 shares during the last quarter. Wedbush Securities Inc. acquired a new position in RMR Group during the first quarter worth approximately $216,000. Old Mutual Global Investors UK Ltd. acquired a new position in RMR Group during the first quarter worth approximately $245,000. Finally, Bank of America Corp DE raised its position in RMR Group by 1.2% in the first quarter. Bank of America Corp DE now owns 5,027 shares of the financial services provider’s stock worth $249,000 after buying an additional 59 shares during the last quarter.

RMR Group (NYSE:RMR) traded down 0.59% during trading on Tuesday, reaching $50.15. The company’s stock had a trading volume of 88,744 shares. The company has a market cap of $807.11 million and a PE ratio of 18.12. RMR Group has a 52-week low of $29.16 and a 52-week high of $55.10. The stock has a 50-day moving average price of $50.71 and a 200 day moving average price of $47.74.

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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