T. Rowe Price Group, Inc. (NASDAQ:TROW) financial asset management advisor, is expected to report second quarter earnings results, before market open, on Wednesday 29th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 2.02 per share.
Looking ahead, the full year income are expected at $ 8.03 per share on the revenues of $ 5808.16 million.
Previous Quarter Performance
T. Rowe Price Group, Inc. posted income for the first quarter of $ 1.87 per share, from the revenue of $ 1,463.00 million. The quarterly earnings developed 5.26 percent while revenues compared with the same quarter last year.
According to street consensus, TROW was expected to report 1Q20 income of $ 1.79 per share from revenue of $ 1,430.00 million. The bottom line results beat street analysts by $ 0.08 or 4.47 percent, at the same time, top line results outshined analysts by $ 33.00 million or 2.31 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TROW was $ 133.93, representing a 62.32 % increase from the 52 week low of $ 82.51 and a 4.21 % decrease over the 52 week high of $ 139.82.
The company has a market capital of $ 30.48 billion and is part of the Financial Services sector and Asset Management industry.
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Recent Analyst recommendations
- On 15th July 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 150.00 target price.
- On 9th July 2020, maintained by Deutsche Bank at Hold rating, with $ 139.00 target price.
- On 29th June 2020, maintained by BMO Capital Markets at Market Perform rating, with $ 128.00 target price.
Recent Stock Dividend Announcement
On May 12, 2020, the board of directors authorized quarterly dividend of $ 0.90 per share to holders of record as of the close of business on June 15, 2020, with payment date of June 30, 2020 and ex-dividend date on June 12, 2020.
T. Rowe Price Group, Inc. is a publicly owned investment manager.
