T. Rowe Price Group (TROW) Expected to Announce Earnings on Wednesday

T. Rowe Price Group (NASDAQ:TROW) is expected to announce its earnings results before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.20 per share and revenue of $1.87 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

T. Rowe Price Group (NASDAQ:TROW) last posted its quarterly earnings results on Friday, November 1st. The asset manager reported $2.57 EPS for the quarter, beating the consensus estimate of $2.36 by $0.21. T. Rowe Price Group had a return on equity of 20.35% and a net margin of 30.35%. The business had revenue of $1.79 billion during the quarter, compared to analysts’ expectations of $1.84 billion. During the same period last year, the firm earned $2.17 EPS. The company’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect T. Rowe Price Group to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

T. Rowe Price Group Price Performance

Shares of TROW stock opened at $115.65 on Wednesday. The business’s fifty day moving average price is $117.12 and its 200 day moving average price is $112.74. The firm has a market capitalization of $25.69 billion, a PE ratio of 12.65, a P/E/G ratio of 1.68 and a beta of 1.43. T. Rowe Price Group has a 1-year low of $100.49 and a 1-year high of $125.81.

Insider Buying and Selling

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were sold at an average price of $123.35, for a total transaction of $499,197.45. Following the transaction, the vice president now owns 119,577 shares of the company’s stock, valued at approximately $14,749,822.95. This represents a 3.27 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on TROW. JPMorgan Chase & Co. cut their price target on shares of T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a report on Monday, November 4th. The Goldman Sachs Group dropped their target price on shares of T. Rowe Price Group from $106.00 to $102.00 and set a “sell” rating for the company in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on T. Rowe Price Group from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company dropped their price objective on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, StockNews.com raised T. Rowe Price Group from a “hold” rating to a “buy” rating in a report on Saturday. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, T. Rowe Price Group presently has an average rating of “Hold” and a consensus target price of $115.82.

About T. Rowe Price Group

T. Rowe Price Group, Inc is a publicly owned investment manager. The firm provides its services to individuals, institutional investors, retirement plans, financial intermediaries, and institutions. It launches and manages equity and fixed income mutual funds. The firm invests in the public equity and fixed income markets across the globe.