Principal Financial Group (PFG) Scheduled to Post Earnings on Thursday
Principal Financial Group (NYSE:PFG) will be releasing its Q313 earnings data on Thursday, October 24th. Analysts expect Principal Financial Group to post earnings of $0.87 per share and revenue of $2.37 billion for the quarter.
Principal Financial Group (NYSE:PFG) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 8.2% on a year-over-year basis.
Shares of Principal Financial Group (NYSE:PFG) traded down 1.37% during mid-day trading on Wednesday, hitting $45.96. 170,016 shares of the company’s stock traded hands. Principal Financial Group has a 52-week low of $25.83 and a 52-week high of $44.94. The stock’s 50-day moving average is $42.58 and its 200-day moving average is $37.81. The company has a market cap of $13.528 billion and a P/E ratio of 17.25.
PFG has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Principal Financial Group in a research note to investors on Monday. They now have a $43.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Principal Financial Group from $45.00 to $49.00 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Finally, analysts at Raymond James downgraded shares of Principal Financial Group from an “outperform” rating to a “market perform” rating in a research note to investors on Wednesday, October 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $40.67.
In other Principal Financial Group news, Insider Luis E. Valdes sold 11,196 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $45.00, for a total value of $503,820.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Principal Financial Group, Inc (NYSE:PFG) is a provider of retirement savings, investment and insurance products and services.
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