The RMR Group (NASDAQ:RMR – Get Free Report) issued an update on its fourth quarter 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 0.370-0.390 for the period, compared to the consensus earnings per share estimate of 0.400. The company issued revenue guidance of -.
The RMR Group Stock Down 0.9 %
The RMR Group stock opened at $25.06 on Friday. The RMR Group has a twelve month low of $21.60 and a twelve month high of $28.82. The company has a 50 day moving average of $23.74 and a 200-day moving average of $24.02. The stock has a market capitalization of $795.15 million, a PE ratio of 9.32 and a beta of 1.27.
The RMR Group (NASDAQ:RMR – Get Free Report) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The RMR Group had a return on equity of 6.94% and a net margin of 2.80%. The company had revenue of $205.48 million during the quarter, compared to analyst estimates of $227.68 million. During the same period in the previous year, the company posted $0.48 earnings per share. Equities analysts anticipate that The RMR Group will post 1.67 EPS for the current fiscal year.
The RMR Group Dividend Announcement
Wall Street Analysts Forecast Growth
RMR has been the subject of a number of recent research reports. 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 research report on Wednesday, May 15th. JMP Securities began coverage on shares of The RMR Group in a report on Friday, April 19th. They set a market perform rating for the company.
Read Our Latest Report on The RMR Group
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.
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