Zacks: Brokers Predict T. Rowe Price Group, Inc. (NASDAQ: TROW) to Post $ 3.05 Per Share Earnings


Equity research analysts predict that T. Rowe Price Group, Inc. (NASDAQ: TROW) will report earnings of $ 3.05 per share for the current fiscal quarter, according to Zacks. Two analysts provided revenue estimates for T. Rowe Price Group. The lowest EPS estimate is $ 2.99 and the highest is $ 3.10. T. Rowe Price Group reported earnings of $ 2.89 per share for the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The company is expected to release its next quarterly earnings report on Thursday, January 27.

On average, analysts predict that T. Rowe Price Group will report annual earnings of $ 12.73 per share for the current year, with EPS estimates ranging from $ 12.59 to $ 12.93. For next year, analysts predict the company will post earnings of $ 13.21 per share, with EPS estimates ranging from $ 12.27 to $ 13.60. Zacks earnings per share averages are an average based on a survey of research analysts who cover T. Rowe Price Group.

T. Rowe Price Group (NASDAQ: TROW) last reported its quarterly results on Thursday, October 28. The asset manager reported EPS of $ 3.27 for the quarter, missing the consensus estimate of $ 3.31 by $ 0.04. The company posted revenue of $ 1.95 billion in the quarter, compared to analysts’ estimates of $ 1.97 billion. T. Rowe Price Group had a net margin of 41.71% and a return on equity of 36.62%. T. Rowe Price Group revenue for the quarter increased 22.5% from the same quarter last year. In the same quarter of the previous year, the company posted EPS of $ 2.55.

TROW has been the subject of several research reports. BMO Capital Markets raised its target price on T. Rowe Price Group shares from $ 234.00 to $ 253.00 and rated the stock as “market performance” in a report released on Friday, October 29. . They noted that the move was an appraisal call. Zacks Investment Research downgraded T. Rowe Price Group shares from a “buy” rating to a “hold” rating and set a target price of $ 206.00 for the company. in a report on Friday October 8. Citigroup lowered its price target on T. Rowe Price Group shares from $ 169.00 to $ 166.50 and set a “sell” rating for the company in a report released Monday. Evercore ISI reaffirmed a “buy” rating and set a price target of $ 211.00 on shares of T. Rowe Price Group in a report released on Friday, October 8. Finally, Jefferies Financial Group launched a cover on the shares of T. Rowe Price Group in a report released on Friday, September 10. They set a “buy” rating and a target price of $ 245.00 for the company. Four analysts gave the stock a sell rating, seven assigned a conservation rating and three gave the company’s stock a buy rating. Based on data from MarketBeat.com, T. Rowe Price Group currently has an average rating of “Hold” and an average price target of $ 193.32.

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Knightscope, Inc., a developer of advanced physical security technologies focused on improving security operations in the United States, has begun offering up to $ 40 million of Class A common stock, with the shares to be listed immediately after the close of NASDAQ under the ticker symbol “KSCP.”

Meanwhile, Vice President Robert CT Higginbotham sold 7,292 shares of the company in a transaction dated Friday, December 10. The stock was sold for an average price of $ 196.28, for a total trade of $ 1,431,273.76. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available on the SEC website. Company insiders own 1.00% of the company’s shares.

Large investors have recently shifted their positions in the stock. Amundi took a new stake in the shares of T. Rowe Price Group in the second quarter for an amount of approximately $ 245,862,000. BlackRock Inc. increased its position in T. Rowe Price Group shares by 2.4% in the 3rd quarter. BlackRock Inc. now owns 18,760,181 shares of the asset manager valued at $ 3,690,129,000 after acquiring an additional 436,234 shares during the period. Nordea Investment Management AB increased its position in T. Rowe Price Group shares by 100.6% in the 3rd quarter. Nordea Investment Management AB now owns 842,146 shares of the asset manager valued at $ 169,692,000 after acquiring an additional 422,279 shares during the period. Goldman Sachs Group Inc. increased its position in T. Rowe Price Group shares by 32.8% in the second quarter. Goldman Sachs Group Inc. now owns 1,479,481 shares of the asset manager valued at $ 292,892,000 after acquiring an additional 365,458 shares during the period. Finally, the Healthcare of Ontario Pension Plan Trust Fund increased its position in T. Rowe Price Group shares by 297.4% in the second quarter. The Healthcare of Ontario Pension Trust Fund now holds 453,981 shares of the Asset Manager valued at $ 89,875,000 after acquiring an additional 339,743 shares during the period. Hedge funds and other institutional investors hold 70.89% of the company’s shares.

T. Rowe Price Group stock opened at $ 190.02 on Wednesday. The company has a 50-day simple moving average of $ 205.71 and a 200-day simple moving average of $ 205.95. The stock has a market cap of $ 42.71 billion, a PE ratio of 14.32, a price / earnings-growth ratio of 1.74, and a beta of 1.20. T. Rowe Price Group has a 12 month low of $ 145.54 and a 12 month high of $ 224.55.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 30. Shareholders of record on Thursday, December 16 will receive a dividend of $ 1.08 per share. The ex-dividend date for this dividend is Wednesday, December 15. This represents an annualized dividend of $ 4.32 and a dividend yield of 2.27%. T. Rowe Price Group’s dividend payout ratio (DPR) is currently 32.55%.

T. Rowe Price Group Company Profile

T. Rowe Price Group, Inc. is a financial services holding company, which provides investment management services through its subsidiaries. It provides a range of U.S. corporate sponsored mutual funds, other sponsored mutual funds, sub-advisory services, segregated account management, record keeping and related services to individuals, advisers, institutions, financial intermediaries and pension plan promoters.

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Earnings history and estimates for T. Rowe Price Group (NASDAQ: TROW)

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