Prudential Financial (PRU) Set to Announce Quarterly Earnings on Wednesday
Prudential Financial (NYSE:PRU) is scheduled to be issuing its Q214 quarterly earnings data on Wednesday, August 6th. Analysts expect the company to announce earnings of $2.35 per share and revenue of $11.12 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Prudential Financial (NYSE:PRU) last announced its earnings results on Wednesday, May 7th. The company reported $2.40 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.26 by $0.14. The company had revenue of $10.94 billion for the quarter, compared to the consensus estimate of $11.72 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The company’s quarterly revenue was down 7.3% on a year-over-year basis. On average, analysts expect Prudential Financial to post $9.53 EPS for the current fiscal year and $10.13 EPS for the next fiscal year.
Prudential Financial (NYSE:PRU) opened at 86.09 on Tuesday. Prudential Financial has a 1-year low of $74.10 and a 1-year high of $92.68. The stock has a 50-day moving average of $89.48 and a 200-day moving average of $85.39. The company has a market cap of $39.774 billion and a price-to-earnings ratio of 31.29.
PRU has been the subject of a number of recent research reports. Analysts at Canaccord Genuity upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, July 30th. On the ratings front, analysts at Raymond James raised their price target on shares of Prudential Financial from $115.00 to $116.00 in a research note on Thursday, July 17th. They now have a “strong-buy” rating on the stock. Finally, analysts at Sterne Agee reiterated a “buy” rating on shares of Prudential Financial in a research note on Thursday, July 17th. They now have a $113.00 price target on the stock, up previously from $106.00. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $100.17.
Prudential Financial, Inc (NYSE:PRU) is a financial services company.
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