T. Rowe Price Shares Drop 1.6% to $89.14, Trades at 9.0 P/E
T. Rowe Price shares fell 1.56% to close at $89.14, underperforming the S&P 500’s 0.21% loss and down 5.49% month-to-date. Analysts forecast Q1 EPS of $2.44 (+9.42% y/y) on $1.88B revenue (+6.78%), while full-year estimates call for EPS of $10.04 (+3.29%) and revenue of $7.63B (+4.37%).
1. Stock Performance
Shares closed at $89.14, down 1.56% on the session, underperforming the S&P 500’s 0.21% drop, the Dow’s 0.07% decline and the Nasdaq’s 0.01% gain. Over the past month the shares have lost 5.49%, trailing the Finance sector’s 5.83% drop and the S&P 500’s 2.26% loss.
2. Earnings Projections
Analysts project first-quarter EPS of $2.44, up 9.42% year-over-year, on revenue of $1.88 billion, up 6.78%. Full-year estimates call for EPS of $10.04, up 3.29%, and revenue of $7.63 billion, up 4.37%, with recent EPS forecasts moving 0.66% lower in the last 30 days.
3. Valuation Metrics
The stock trades at a forward P/E of 9.02, below the Investment Management industry average of 10.12, and carries a PEG ratio of 4.7 versus the industry average of 0.82. It holds a Zacks Rank of #4 (Sell), reflecting mixed estimate revisions and sector positioning.