T. Rowe Price Group (TROW) to Release Quarterly Earnings on Wednesday

T. Rowe Price Group (NASDAQ:TROW) is projected 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. Investors interested in registering for the company’s conference call can do so using this link.

T. Rowe Price Group (NASDAQ:TROW) last released its earnings results on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.21. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. The firm had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same period in the prior year, the firm earned $2.17 EPS. The company’s 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 $9 EPS for the next fiscal year.

T. Rowe Price Group Stock Down 1.4 %

Shares of TROW opened at $115.27 on Tuesday. The business’s 50 day moving average price is $116.90 and its 200-day moving average price is $112.65. T. Rowe Price Group has a 52 week low of $100.49 and a 52 week high of $125.81. The stock has a market cap of $25.61 billion, a P/E ratio of 12.61, a P/E/G ratio of 1.78 and a beta of 1.43.

Insider Transactions at T. Rowe Price Group

In other T. Rowe Price Group news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of the firm’s stock in a transaction dated 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 trade represents a 3.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TROW shares. Deutsche Bank Aktiengesellschaft upped their price objective on T. Rowe Price Group from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Wells Fargo & Company decreased their target price on T. Rowe Price Group from $124.00 to $118.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Morgan Stanley upped their price target on shares of T. Rowe Price Group from $129.00 to $132.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. cut their target price on T. Rowe Price Group from $116.00 to $115.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of T. Rowe Price Group from $116.00 to $111.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.