T. Rowe Price Group, Inc. (NASDAQ:TROW) financial asset management advisor, is reporting third quarter earnings results on Thursday 29th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.48 per share.
For the full year, analysts predict revenues of $ 6079.40 million, while looking forward to income of $ 8.97 per share.
Previous Quarter Performance
T. Rowe Price Group, Inc. posted income for the second quarter of $ 2.29 per share, from the revenue of $ 1,415.00 million. The quarterly earnings increased 12.81 percent while revenues raised 1.42 percent compared with the same quarter last year.
The consensus estimates are income of $ 2.02 per share from $ 1397.52 million in revenue. The bottom line results beat street analysts by $ 0.27 or 13.37 percent, at the same time, top line results outshined analysts by $ 17.48 million or 1.25 percent.
Stock Performance
Shares of T. Rowe Price Group, Inc. traded low $ -5.16 or -3.63 percent on Wednesday, reaching $ 137.14 with volume of 1.32 million shares. T. Rowe Price Group, Inc. has traded high as $ 141.03 and has cracked $ 136.19 on the downward trend
According to the previous trading day, closing price of $ 137.14, representing a 72.46 % increase from the 52 week low of $ 82.51 and a 4.42 % decrease over the 52 week high of $ 148.88.
The company has a market capital of $ 31.13 billion and is part of the Financial Services sector and Asset Management industry.
Recent Stock Dividend Announcement
On August 3, 2020, the board of directors authorized quarterly dividend of $ 0.90 per share to holders of record as of the close of business on September 15, 2020, with payment date of September 29, 2020 and ex-dividend date on September 14, 2020.
T. Rowe Price Group, Inc. is a publicly owned investment manager.
