Equities research analysts expect that The RMR Group Inc. (NASDAQ:RMR) will report $149.54 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for The RMR Group’s earnings, with estimates ranging from $146.10 million to $152.98 million. The RMR Group posted sales of $150.10 million in the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The business is scheduled to report its next earnings results on Friday, November 19th.
On average, analysts expect that The RMR Group will report full year sales of $582.59 million for the current year, with estimates ranging from $579.90 million to $586.73 million. For the next financial year, analysts expect that the business will post sales of $587.90 million, with estimates ranging from $580.50 million to $598.01 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for The RMR Group.
The RMR Group (NASDAQ:RMR) last released its earnings results on Thursday, August 5th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.01. The RMR Group had a return on equity of 4.97% and a net margin of 4.83%. The firm had revenue of $145.24 million during the quarter, compared to the consensus estimate of $142.37 million.
Shares of NASDAQ RMR traded up $0.02 during mid-day trading on Wednesday, reaching $33.64. The company had a trading volume of 1,721 shares, compared to its average volume of 75,197. The stock has a market capitalization of $1.06 billion, a PE ratio of 19.89 and a beta of 1.72. The RMR Group has a twelve month low of $25.10 and a twelve month high of $47.12. The stock’s 50 day moving average is $38.28 and its 200-day moving average is $39.19.
The business also recently announced a None dividend, which was paid on Thursday, September 16th. Investors of record on Monday, September 6th were paid a dividend of $7.00 per share. The ex-dividend date of this dividend was Thursday, September 2nd. This is a positive change from The RMR Group’s previous None dividend of $0.30. The RMR Group’s dividend payout ratio is currently 85.88%.
Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA increased its stake in shares of The RMR Group by 20.6% in the first quarter. BNP Paribas Arbitrage SA now owns 2,882 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 492 shares in the last quarter. Advisor Group Holdings Inc. increased its stake in shares of The RMR Group by 219.6% in the second quarter. Advisor Group Holdings Inc. now owns 4,772 shares of the financial services provider’s stock worth $185,000 after buying an additional 3,279 shares during the period. Envestnet Asset Management Inc. purchased a new position in The RMR Group during the 1st quarter valued at $200,000. Metropolitan Life Insurance Co NY boosted its holdings in shares of The RMR Group by 102,600.0% during the 2nd quarter. Metropolitan Life Insurance Co NY now owns 5,135 shares of the financial services provider’s stock valued at $198,000 after buying an additional 5,130 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of The RMR Group during the 2nd quarter valued at $203,000. 38.33% of the stock is currently owned by hedge funds and other institutional investors.
The RMR Group Company Profile
The RMR Group, Inc is a holding company, which engages in the provision of management services to the managed equity real estate investment trusts and the managed operators. It operates through the RMR LLC and All Other Operations segments. The RMR LLC segment invests in real estate and manages real estate related businesses.
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