T. Rowe Price (TROW) Set to Announce Earnings on Monday

T. Rowe Price (NASDAQ:TROW) is scheduled to release its earnings data before the market opens on Monday, April 23rd. Analysts expect T. Rowe Price to post earnings of $1.69 per share for the quarter.

T. Rowe Price (NASDAQ:TROW) last posted its earnings results on Tuesday, January 30th. The asset manager reported $1.52 EPS for the quarter, beating the Zacks’ consensus estimate of $1.48 by $0.04. T. Rowe Price had a net margin of 31.07% and a return on equity of 25.30%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the company posted $1.21 earnings per share. T. Rowe Price’s revenue for the quarter was up 17.9% compared to the same quarter last year. On average, analysts expect T. Rowe Price to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

NASDAQ:TROW opened at $108.44 on Friday. T. Rowe Price has a 52 week low of $67.62 and a 52 week high of $120.07. The company has a market cap of $26,619.55, a P/E ratio of 19.97, a PEG ratio of 1.40 and a beta of 1.21.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were given a dividend of $0.70 per share. This is a boost from T. Rowe Price’s previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $2.80 dividend on an annualized basis and a yield of 2.58%. T. Rowe Price’s dividend payout ratio is presently 51.57%.

A number of research firms recently commented on TROW. Morgan Stanley decreased their target price on shares of T. Rowe Price from $115.00 to $112.00 and set a “hold” rating for the company in a research report on Tuesday, February 13th. Deutsche Bank increased their target price on shares of T. Rowe Price from $115.00 to $116.00 and gave the company a “hold” rating in a research report on Tuesday, March 6th. ValuEngine raised shares of T. Rowe Price from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut shares of T. Rowe Price from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Finally, Citigroup decreased their target price on shares of T. Rowe Price from $120.00 to $115.00 and set a “neutral” rating for the company in a research report on Thursday, February 22nd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $110.80.

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T. Rowe Price Company Profile

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.

Earnings History for T. Rowe Price (NASDAQ:TROW)

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