Prudential Financial, Inc. (PRU) to Release Earnings on Wednesday
Prudential Financial, Inc. (NYSE:PRU) will post its quarterly earnings results after the market closes on Wednesday, November 1st. Analysts expect Prudential Financial to post earnings of $2.68 per share for the quarter.
Prudential Financial (NYSE:PRU) last issued its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). The business had revenue of $13.03 billion during the quarter, compared to the consensus estimate of $12.45 billion. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. During the same quarter in the previous year, the firm posted $1.84 EPS. On average, analysts expect Prudential Financial to post $10.12 EPS for the current fiscal year and $11.22 EPS for the next fiscal year.
Shares of Prudential Financial, Inc. (NYSE PRU) opened at 112.17 on Wednesday. The firm has a market capitalization of $47.90 billion, a PE ratio of 12.52 and a beta of 1.51. The stock has a 50 day moving average price of $106.17 and a 200 day moving average price of $106.90. Prudential Financial, Inc. has a 1-year low of $82.45 and a 1-year high of $115.26.
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Several research analysts have weighed in on the stock. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research report on Friday, August 11th. Royal Bank Of Canada reiterated a “hold” rating and issued a $113.00 price target on shares of Prudential Financial in a research report on Tuesday, June 27th. Wells Fargo & Company reiterated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. Prudential Financial presently has a consensus rating of “Buy” and a consensus target price of $114.56.
In related news, insider Stephen Pelletier sold 4,133 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares of the company’s stock, valued at $1,225,454.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of the firm’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total transaction of $1,638,670.00. Following the transaction, the insider now directly owns 21,274 shares of the company’s stock, valued at $2,340,140. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
About Prudential Financial
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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