The RMR Group (NASDAQ:RMR) Releases Q4 2024 Earnings Guidance

The RMR Group (NASDAQ:RMR) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.370-0.390 for the period, compared to the consensus estimate of 0.400. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. B. Riley reduced their price target on The RMR Group from $35.00 to $32.00 and set a buy rating for the company in a report on Wednesday, May 15th. JMP Securities assumed coverage on The RMR Group in a report on Friday, April 19th. They set a market perform rating for the company.

The RMR Group Trading Down 0.9 %

RMR traded down $0.24 on Friday, hitting $25.06. 139,995 shares of the company’s stock traded hands, compared to its average volume of 94,074. The company’s 50 day simple moving average is $23.70 and its 200-day simple moving average is $24.04. The firm has a market cap of $795.15 million, a price-to-earnings ratio of 9.41 and a beta of 1.27. The RMR Group has a one year low of $21.60 and a one year high of $28.82.

The RMR Group (NASDAQ:RMR) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The business had revenue of $205.48 million for the quarter, compared to analysts’ expectations of $227.68 million. The RMR Group had a net margin of 4.59% and a return on equity of 7.35%. During the same quarter last year, the firm earned $0.48 EPS. As a group, equities analysts anticipate that The RMR Group will post 1.67 EPS for the current fiscal year.

The RMR Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 7.18%. The ex-dividend date is Monday, July 22nd. The RMR Group’s dividend payout ratio (DPR) is presently 66.91%.

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.