T. Rowe Price Group Stock Buy Recommendation Reiterated (TROW)
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- The revenue growth came in higher than the industry average of 4.8%. Since the same quarter one year prior, revenues rose by 17.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. In comparison to the other companies in the Capital Markets industry and the overall market, PRICE (T. ROWE) GROUP's return on equity significantly exceeds that of the industry average and is above that of the S&P 500.
- 48.60% is the gross profit margin for PRICE (T. ROWE) GROUP which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 29.46% significantly outperformed against the industry average.
- Net operating cash flow has significantly increased by 429.11% to $41.80 million when compared to the same quarter last year. In addition, PRICE (T. ROWE) GROUP has also vastly surpassed the industry average cash flow growth rate of -113.26%.
- The stock has not only risen over the past year, it has done so at a faster pace than the S&P 500, reflecting the earnings growth and other positive factors similar to those we have cited here. Looking ahead, unless broad bear market conditions prevail, we still see more upside potential for this stock, despite the fact that it has already risen over the past year.
--Written by a member of TheStreet Ratings Staff. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
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