The RMR Group (RMR) Scheduled to Post Quarterly Earnings on Tuesday

The RMR Group (NASDAQ:RMR) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

The RMR Group (NASDAQ:RMR) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping the consensus estimate of $0.45 by $0.04. The RMR Group had a net margin of 5.93% and a return on equity of 7.78%. The company had revenue of $261.67 million during the quarter, compared to the consensus estimate of $223.18 million. On average, analysts expect The RMR Group to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

The RMR Group Stock Up 0.3 %

The RMR Group stock opened at $24.24 on Monday. The company has a market capitalization of $768.65 million, a PE ratio of 7.01 and a beta of 1.29. The RMR Group has a 12-month low of $20.79 and a 12-month high of $28.82. The firm’s fifty day moving average is $23.57 and its 200 day moving average is $24.64.

The RMR Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a $0.45 dividend. This is an increase from The RMR Group’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 7.43%. The ex-dividend date of this dividend is Friday, April 19th. The RMR Group’s payout ratio is 52.02%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. JMP Securities started coverage on The RMR Group in a research note on Friday, April 19th. They set a “market perform” rating on the stock. StockNews.com cut The RMR Group from a “buy” rating to a “hold” rating in a report on Thursday, February 8th.

About The RMR Group

The RMR Group Inc, through its subsidiary, The RMR Group LLC, provides asset management services in the United States. The company offers management services to its four publicly traded real estate investment trusts, three real estate operating companies, and private capital vehicles. It also provides advisory services to publicly traded mortgage real estate investment trust.