Wall Street brokerages expect that RMR Group Inc (NASDAQ:RMR) will report earnings per share of $0.55 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for RMR Group’s earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.57. RMR Group posted earnings per share of $0.54 in the same quarter last year, which suggests a positive year over year growth rate of 1.9%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 9th.

According to Zacks, analysts expect that RMR Group will report full year earnings of $5.00 per share for the current year, with EPS estimates ranging from $4.96 to $5.04. For the next year, analysts expect that the business will report earnings of $2.49 per share, with EPS estimates ranging from $2.48 to $2.49. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow RMR Group.

RMR Group (NASDAQ:RMR) last issued its quarterly earnings data on Thursday, February 7th. The financial services provider reported $3.22 EPS for the quarter, meeting the Zacks’ consensus estimate of $3.22. The business had revenue of $280.31 million for the quarter, compared to analyst estimates of $181.62 million. RMR Group had a return on equity of 17.44% and a net margin of 16.52%.

A number of brokerages have recently commented on RMR. ValuEngine lowered RMR Group from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research raised RMR Group from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a report on Thursday, March 21st. BidaskClub downgraded RMR Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, March 16th. B. Riley set a $89.00 target price on RMR Group and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, TheStreet upgraded RMR Group from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $80.50.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Legal & General Group Plc raised its position in RMR Group by 5.1% in the 4th quarter. Legal & General Group Plc now owns 3,483 shares of the financial services provider’s stock valued at $185,000 after purchasing an additional 168 shares during the last quarter. Victory Capital Management Inc. raised its position in RMR Group by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 5,498 shares of the financial services provider’s stock valued at $292,000 after purchasing an additional 215 shares during the last quarter. Martingale Asset Management L P raised its position in RMR Group by 1.5% in the 3rd quarter. Martingale Asset Management L P now owns 34,184 shares of the financial services provider’s stock valued at $3,173,000 after purchasing an additional 499 shares during the last quarter. Convergence Investment Partners LLC raised its position in RMR Group by 9.4% in the 4th quarter. Convergence Investment Partners LLC now owns 6,217 shares of the financial services provider’s stock valued at $330,000 after purchasing an additional 533 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC raised its position in RMR Group by 0.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 62,438 shares of the financial services provider’s stock valued at $3,317,000 after purchasing an additional 541 shares during the last quarter. Hedge funds and other institutional investors own 18.84% of the company’s stock.

Shares of NASDAQ RMR opened at $61.95 on Monday. The stock has a market cap of $1.95 billion, a PE ratio of 26.59 and a beta of 1.31. RMR Group has a 52 week low of $51.80 and a 52 week high of $98.00.

RMR Group Company Profile

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 five publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2018, the company had approximately 1,700 properties under management, which are primarily owned by its Managed Equity REITs.

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

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