Equities analysts forecast that RMR Group Inc (NYSE:RMR) will post sales of $54.65 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for RMR Group’s earnings, with estimates ranging from $53.40 million to $56.06 million. RMR Group reported sales of $52.21 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The company is scheduled to announce its next earnings report on Tuesday, August 8th.
On average, analysts expect that RMR Group will report full-year sales of $54.65 million for the current financial year, with estimates ranging from $266.30 million to $276.04 million. For the next fiscal year, analysts forecast that the business will report sales of $237.62 million per share, with estimates ranging from $218.65 million to $256.59 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover RMR Group.
RMR Group (NYSE:RMR) last released its quarterly earnings data on Wednesday, May 10th. The financial services provider reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.44 by $0.01. The firm had revenue of $54.30 million for the quarter, compared to analyst estimates of $52.79 million. RMR Group had a return on equity of 19.25% and a net margin of 32.69%.
RMR has been the topic of several research reports. Zacks Investment Research lowered shares of RMR Group from a “buy” rating to a “hold” rating in a research report on Thursday, April 13th. Oppenheimer Holdings, Inc. initiated coverage on shares of RMR Group in a research report on Tuesday, April 18th. They issued a “market perform” rating on the stock. FBR & Co reaffirmed a “mkt perform” rating and issued a $48.00 price objective (up previously from $44.00) on shares of RMR Group in a research report on Friday, May 12th. Finally, Canaccord Genuity initiated coverage on shares of RMR Group in a research report on Wednesday, May 31st. They issued a “buy” rating and a $72.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $59.33.
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A number of hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. bought a new stake in shares of RMR Group during the fourth quarter valued at approximately $1,113,000. Bessemer Group Inc. increased its position in RMR Group by 4.9% in the fourth quarter. Bessemer Group Inc. now owns 15,000 shares of the financial services provider’s stock valued at $593,000 after buying an additional 700 shares during the last quarter. State Street Corp increased its position in RMR Group by 9.5% in the fourth quarter. State Street Corp now owns 129,860 shares of the financial services provider’s stock valued at $5,133,000 after buying an additional 11,266 shares during the last quarter. Dimensional Fund Advisors LP increased its position in RMR Group by 81.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 112,471 shares of the financial services provider’s stock valued at $4,443,000 after buying an additional 50,624 shares during the last quarter. Finally, Martingale Asset Management L P increased its position in RMR Group by 12.5% in the fourth quarter. Martingale Asset Management L P now owns 35,786 shares of the financial services provider’s stock valued at $1,414,000 after buying an additional 3,977 shares during the last quarter.
RMR Group (NYSE RMR) traded down 0.59% on Thursday, hitting $50.15. 88,744 shares of the stock traded hands. The stock has a 50 day moving average of $50.71 and a 200 day moving average of $47.74. RMR Group has a 52 week low of $29.16 and a 52 week high of $55.10. The firm has a market capitalization of $807.11 million and a PE ratio of 18.12.
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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