T. Rowe Price (TROW) came out with quarterly earnings of $2.26 per share, beating the Zacks Consensus Estimate of $2.25 per share. This compares to earnings of $2.02 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 0.44%. A quarter ago, it was expected that this financial services firm would post earnings of $2.01 per share when it actually produced earnings of $2.38, delivering a surprise of 18.41%. Over the last four quarter ...

NEWS RELEASE ▪ Net client outflows of $3.7 billion ▪ Diluted earnings per common share (EPS) of $2.11 ▪ Adjusted diluted EPS of $2.26 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------------------------------------------------|-------|-----------|-------|-----------|-------------------------------------|-------|-----------|------------| | (in millions, except per-share data) \nU.S. GAAP basis | | 6/30/2024 | | 6/30/2023 | Three months ended (1) Change | ...

Sustainable Investment Award Recognizes T. Rowe Price and International Finance Corporation's Partnership to Grow the Blue Bond Market "We are delighted to have been chosen as the winner of the ESG investment initiative of the year, Americas, award," said Tongai Kunorubwe, head of ESG fixed income investing at T. Rowe Price. "Alongside our partners at IFC, we believe that investment in the blue economy is critical in addressing the planetary and societal risks posed by the current chronic underfunding that ...

While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that measures the dividend as a percent of the current stock price. Many academic studies show that dividends account for significant portions of long-term returns, with dividend contributions exceeding one-third of total returns in m ...

The market expects T. Rowe Price (TROW) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discuss ...

"The European private credit market has been rapidly evolving, with high quality European borrowers increasingly seeking the benefits of private credit." said Alexis Atteslis, Co-Head of Europe and Partner at OHA. "Our venture with OneIM will be a trusted, 'go-to' financing partner for companies and private equity sponsors, offering bespoke and flexible capital solutions." The partnership represents a landmark initiative for both firms and is a natural extension of both OHA's European credit and global priv ...

Core Viewpoint - T. Rowe Price has shown a positive turnaround in Assets Under Management (AUM), reaching $1.57 trillion by June 2024, driven by strong inflows into active ETFs and a favorable interest rate outlook [1][6][10]. AUM Performance - The company experienced over $30 billion in net outflows in 2022 due to underperformance of major equity funds [1]. - AUM increased from $1.44 trillion at the end of 2023 to $1.57 trillion by June 2024, reflecting improved market conditions and investor confidence [1][6][10]. - The active ETF roster surpassed $5 billion in AUM, with the T. Rowe Price Capital Appreciation Equity ETF (TCAF) gathering over $2 billion in flows in the past year [3]. Investment Strategy - T. Rowe Price's conservative management style for bond funds has led to underperformance since 2021, but is expected to benefit from anticipated lower interest rates [1][7]. - Approximately 11.41% of the company's AUM are allocated to fixed-income strategies, which are positioned to gain from a lower interest rate environment [7]. - The launch of the Intermediate Municipal Income ETF (TAXE) aims to attract investors seeking tax-efficient investments [7]. Financial Performance - Q1 adjusted net revenues were $1.8 billion, a nearly 14% increase from the previous year, driven by higher average AUM [9]. - The company's return on equity (ROE) stands at 20.09%, significantly above the sector median of 10.60% [9][11]. - The forward P/E GAAP ratio is 12.96, slightly above the sector median, justified by the company's earnings growth prospects of 8.28% [9]. Market Outlook - Recent inflation reports indicate cooling trends, raising expectations for Federal Reserve interest rate cuts, which could support T. Rowe Price's bond funds [7][10]. - The anticipated shift in Federal Reserve policy towards a dovish approach is expected to enhance the performance of T. Rowe Price's fixed-income assets [3][10].

This financial services firm has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 12.95%. Price and EPS Surprise Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the For the last reported quarter, T. Rowe came out with earnings of $2.38 per share ver ...

The below table shows the firm's assets under management as of June 30, 2024, and for the prior month-, quarter-, and year-end by asset class and in the firm's target date retirement portfolios. (a) Preliminary - subject to adjustment T. Rowe Price will release Q2 2024 earnings on Friday, July 26, 2024 at 7:00 AM ET. The company will host an earnings call from 8:00 – 8:45 AM ET that day. To access the webcast and accompanying materials, visit the company's investor relations website at: investors.troweprice ...

BALTIMORE, July 10, 2024 /PRNewswire/ -- T. Rowe Price (NASDAQ-GS: TROW), a global investment management firm, announced today the addition of its first federally tax-free fixed income exchange-traded fund (ETF) to its active ETF roster. T. Rowe Price Intermediate Municipal Income ETF (Ticker: TAXE) began trading today on the NASDAQ exchange. T. Rowe Price introduced its first active ETFs in August 2020, and today's launch expands the firm's active ETF lineup to 16, including five semi-transparent equity ET ...