Equities research analysts expect that RMR Group Inc (NASDAQ:RMR) will report $77.76 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for RMR Group’s earnings, with estimates ranging from $61.22 million to $94.30 million. RMR Group posted sales of $218.54 million in the same quarter last year, which would indicate a negative year over year growth rate of 64.4%. The business is scheduled to report its next earnings results on Thursday, February 14th.

On average, analysts expect that RMR Group will report full year sales of $257.90 million for the current year, with estimates ranging from $244.40 million to $271.40 million. For the next financial year, analysts expect that the business will post sales of $245.54 million, with estimates ranging from $238.70 million to $252.38 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for RMR Group.

RMR Group (NASDAQ:RMR) last posted its earnings results on Monday, December 3rd. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.06. RMR Group had a net margin of 23.72% and a return on equity of 8.70%. The company had revenue of $65.07 million during the quarter, compared to analysts’ expectations of $62.32 million.

A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of RMR Group from a “hold” rating to a “buy” rating and set a $77.00 target price for the company in a research note on Thursday. B. Riley set a $89.00 price target on shares of RMR Group and gave the stock a “hold” rating in a research report on Monday, August 13th. BidaskClub cut shares of RMR Group from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. ValuEngine cut shares of RMR Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 20th. Finally, TheStreet cut shares of RMR Group from a “b-” rating to a “c+” rating in a report on Friday, November 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $79.50.

Several hedge funds have recently modified their holdings of RMR. Millennium Management LLC bought a new position in RMR Group in the 1st quarter valued at about $1,383,000. Principal Financial Group Inc. bought a new position in RMR Group in the 1st quarter valued at about $219,000. Hartford Investment Management Co. bought a new position in RMR Group in the 2nd quarter valued at about $232,000. Eqis Capital Management Inc. bought a new position in RMR Group in the 2nd quarter valued at about $225,000. Finally, Advisory Services Network LLC grew its position in shares of RMR Group by 79.5% during the 2nd quarter. Advisory Services Network LLC now owns 3,221 shares of the financial services provider’s stock worth $280,000 after purchasing an additional 1,427 shares in the last quarter. 18.85% of the stock is currently owned by institutional investors.

Shares of NASDAQ:RMR traded down $2.58 during trading on Friday, reaching $62.15. The stock had a trading volume of 71,228 shares, compared to its average volume of 46,872. RMR Group has a 52 week low of $52.81 and a 52 week high of $98.00. The stock has a market capitalization of $1.98 billion, a P/E ratio of 26.67 and a beta of 0.61.

The company also recently announced a quarterly dividend, which was paid on Thursday, November 15th. Stockholders of record on Monday, October 29th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.25%. This is a boost from RMR Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Friday, October 26th. RMR Group’s dividend payout ratio is presently 60.09%.

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 four publicly traded real estate investment trusts (REITs) and three real estate operating companies. As of September 30, 2017, the company had approximately 1,400 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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