T Rowe Price's Q1 adjusted EPS beats estimates

Overview

• US asset manager's Q1 revenue met analyst expectations

• Adjusted EPS for Q1 beat analyst expectations

• Company managed $1.71 trln in client assets as of March 31, 2026

Outlook

• Company did not provide specific guidance or outlook commentary in the press release

Result Drivers

• RETIREMENT FOCUS - Co said about two-thirds of its $1.71 trln in client assets are retirement-related, highlighting ongoing emphasis on retirement leadership

Company press release: ID:nPn74S3GVa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 9 "hold" and 5 "sell" or "strong sell"

• The average consensus recommendation for the investment management & fund operators peer group is "buy."

• Wall Street's median 12-month price target for T Rowe Price Group Inc is $94.00, about 6.4% below its April 29 closing price of $100.47

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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