The RMR Group (NASDAQ:RMR) Issues Q3 2024 Earnings Guidance

The RMR Group (NASDAQ:RMR) issued an update on its third quarter 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 0.370-0.390 for the period. The company issued revenue guidance of -.

The RMR Group Price Performance

NASDAQ:RMR opened at $23.08 on Thursday. The firm has a market capitalization of $731.84 million, a P/E ratio of 6.67 and a beta of 1.29. The company’s fifty day moving average price is $23.54 and its 200-day moving average price is $24.64. The RMR Group has a 1-year low of $20.79 and a 1-year high of $28.82.

The RMR Group (NASDAQ:RMR) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.04. The firm had revenue of $261.67 million for the quarter, compared to the consensus estimate of $223.18 million. The RMR Group had a return on equity of 7.78% and a net margin of 5.93%. Equities analysts anticipate that The RMR Group will post 1.92 EPS for the current fiscal year.

The RMR Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a $0.45 dividend. This is a boost from The RMR Group’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, April 19th. This represents a $1.80 dividend on an annualized basis and a yield of 7.80%. The RMR Group’s dividend payout ratio is presently 52.02%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com cut The RMR Group from a buy rating to a hold rating in a research report on Thursday, February 8th. 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.

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.