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T. Rowe Price(TROW) - 2024 Q3 - Quarterly Report
2024-11-01 16:03
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ FORM 10-Q ______________________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 000-32191 ______________________________________ T. ROWE PRI ...
T. Rowe (TROW) Reports Q3 Earnings: What Key Metrics Have to Say
ZACKS· 2024-11-01 14:36
For the quarter ended September 2024, T. Rowe Price (TROW) reported revenue of $1.79 billion, up 6.9% over the same period last year. EPS came in at $2.57, compared to $2.17 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $1.84 billion, representing a surprise of -2.75%. The company delivered an EPS surprise of +8.90%, with the consensus EPS estimate being $2.36. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall St ...
T. Rowe Price(TROW) - 2024 Q3 - Earnings Call Transcript
2024-11-01 14:16
T. Rowe Price Group, Inc. (NASDAQ:TROW) Q3 2024 Earnings Conference Call November 1, 2024 8:00 AM ET Company Participants Linsley Carruth - Director of IR Rob Sharps - CEO and President Jen Dardis - CFO Eric Veiel - Head of Global Investments Conference Call Participants Alexander Blostein - Goldman Sachs Michael Cyprys - Morgan Stanley Benjamin Budish - Barclays Capital Dan Fannon - Jefferies Ken Worthington - JPMorgan Craig Siegenthaler - Bank of America Glenn Schorr - Evercore ISI Patrick Davitt - Autono ...
T. Rowe Price Q3 Earnings Beat on AUM Growth & Higher Revenues
ZACKS· 2024-11-01 13:50
T. Rowe Price Group, Inc. (TROW) has reported third-quarter 2024 adjusted earnings per share of $2.57, which beat the Zacks Consensus Estimate of $2.36. Also, the bottom line increased 18.4% year over year.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.TROW's net revenues were supported by a rise in assets under management (AUM). Further, appreciation in cash and cash equivalents will help the company to continue investing. However, a rise in expenses was a woe.Net income at ...
T. Rowe Price (TROW) Q3 Earnings Surpass Estimates
ZACKS· 2024-11-01 13:26
T. Rowe Price (TROW) came out with quarterly earnings of $2.57 per share, beating the Zacks Consensus Estimate of $2.36 per share. This compares to earnings of $2.17 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.90%. A quarter ago, it was expected that this financial services firm would post earnings of $2.25 per share when it actually produced earnings of $2.26, delivering a surprise of 0.44%.Over the last four quarters, ...
T. Rowe Price(TROW) - 2024 Q3 - Earnings Call Presentation
2024-11-01 12:04
Q3 2024 Earnings Release Supplement T. Rowe Price Group, Inc. November 1, 2024 A copy of this presentation, which includes additional information, is available at investors.troweprice.com. Data as of September 30, 2024, unless otherwise noted. All figures are USD, unless otherwise noted. Forward-Looking Statement This presentation, and other statements that T. Rowe Price may make, may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act, with respect to T. Ro ...
T. Rowe Price(TROW) - 2024 Q3 - Quarterly Results
2024-11-01 11:13
Financial Highlights NEWS RELEASE T. ROWE PRICE GROUP REPORTS THIRD QUARTER 2024 RESULTS BALTIMORE (November 1, 2024) - T. Rowe Price Group, Inc. (NASDAQ-GS: TROW) today reported its results for the third quarter of 2024. ▪ Quarter-end assets under management of $1.63 trillion ▪ Net client outflows of $12.2 billion ▪ Diluted earnings per common share (EPS) of $2.64 ▪ Adjusted diluted EPS of $2.57 ▪ Returned $354 million to stockholders from the recurring quarterly dividend and stock repurchases Rob Sharps, ...
T. Rowe Price: Safety And Growth, Moderating Outflows In Q3
Seeking Alpha· 2024-10-30 18:39
T. Rowe Price Group, Inc. (NASDAQ: TROW ) was founded in 1937 by its namesake Thomas Rowe Price, Jr., known colloquially as "The father of growth investing." It is a dividend aristocrat that has raised itsI am an investing hobbyist/enthusiast who enjoys research and tends to do way too much of it. Sometimes this leads to uncovering a compelling investment thesis worth sharing. I received my first 401k working a remote part-time job and had no clue what it was. But I had to optimize it, and next thing you kn ...
Rise in AUM Balance to Support T. Rowe Price This Earnings Season
ZACKS· 2024-10-29 18:01
T. Rowe Price Group, Inc. (TROW) is scheduled to report third-quarter 2024 results on Nov. 1, before the opening bell. The company's quarterly revenues and earnings are expected to have witnessed improvements from the year-ago reported levels. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. In the last reported quarter, TROW's earnings surpassed the Zacks Consensus Estimate. A rise in its assets under management (AUM) supported net revenues. T. Rowe Price's earnings outpaced the Za ...
Stay Ahead of the Game With T. Rowe (TROW) Q3 Earnings: Wall Street's Insights on Key Metrics
ZACKS· 2024-10-29 14:21
In its upcoming report, T. Rowe Price (TROW) is predicted by Wall Street analysts to post quarterly earnings of $2.36 per share, reflecting an increase of 8.8% compared to the same period last year. Revenues are forecasted to be $1.84 billion, representing a year-over-year increase of 9.9%. Over the last 30 days, there has been an upward revision of 5.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their init ...