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

T. Rowe Price Group (NASDAQ:TROW) is projected to release its earnings data before the market opens on Wednesday, February 5th. Analysts expect T. Rowe Price Group to post earnings of $2.20 per share and revenue of $1.87 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

T. Rowe Price Group (NASDAQ:TROW) last released its quarterly earnings data on Friday, November 1st. The asset manager reported $2.57 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.21. The company had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.84 billion. T. Rowe Price Group had a net margin of 30.35% and a return on equity of 20.35%. T. Rowe Price Group’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.17 EPS. 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 NASDAQ TROW opened at $115.27 on Tuesday. T. Rowe Price Group has a 12-month low of $100.49 and a 12-month high of $125.81. The firm has a market cap of $25.61 billion, a PE ratio of 12.61, a P/E/G ratio of 1.78 and a beta of 1.43. The company’s fifty day simple moving average is $116.90 and its 200 day simple moving average is $112.65.

Insider Buying and Selling

In related news, VP Andrew Justin Mackenzi Thomson sold 4,047 shares of T. Rowe Price Group stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $123.35, for a total value of $499,197.45. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on TROW shares. TD Cowen cut their price target on T. Rowe Price Group from $120.00 to $116.00 and set a “hold” rating on the stock in a report on Monday, November 4th. Barclays reduced their price target on shares of T. Rowe Price Group from $115.00 to $113.00 and set an “underweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company lowered their price objective on shares of 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. StockNews.com cut shares of T. Rowe Price Group from a “buy” rating to a “hold” rating in a report on Sunday. Finally, Evercore ISI upped their target price on shares of T. Rowe Price Group from $112.00 to $113.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Four research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to MarketBeat, T. Rowe Price Group currently has a consensus rating of “Hold” and an average price target 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.