RMR Group (RMR) Misses Q2 EPS by 21c

Go back to RMR Group (RMR) Misses Q2 EPS by 21c

FBR Capital Raises Price Target on RMR Group (RMR) Following 2Q Report

May 11, 2016 2:24 PM EDT

FBR Capital reiterated an Outperform rating on The RMR Group Inc. (NASDAQ: RMR), and raised the price target to $31.00 (from $30.00), following the company's 2Q earnings report. Total revenue came in at $48.3 million, exceeding estimates of $47.6 million. Adjusted EBITDA was $23.1 million, down 7.6% YOY mainly due to the 2014 termination of the management agreement with... More