Prudential Financial (NYSE:PRU) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $11.20-11.70 for the period, compared to the Thomson Reuters consensus estimate of $11.37.

A number of brokerages recently weighed in on PRU. ValuEngine upgraded shares of Prudential Financial from a buy rating to a strong-buy rating in a research report on Tuesday, December 5th. Wells Fargo & Company restated a hold rating and set a $120.00 target price (up previously from $114.00) on shares of Prudential Financial in a research report on Wednesday, November 8th. Royal Bank of Canada restated a hold rating and set a $119.00 target price on shares of Prudential Financial in a research report on Friday, November 3rd. B. Riley restated a buy rating on shares of Prudential Financial in a research report on Monday, November 6th. Finally, Keefe, Bruyette & Woods reiterated a buy rating on shares of Prudential Financial in a research report on Friday, November 10th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $115.64.

Prudential Financial (NYSE PRU) traded down $2.44 during mid-day trading on Thursday, reaching $113.95. 1,759,700 shares of the company’s stock traded hands, compared to its average volume of 1,842,623. Prudential Financial has a fifty-two week low of $97.88 and a fifty-two week high of $117.99. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $49,040.00, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.31 and a beta of 1.55.

Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The business had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. During the same quarter last year, the business earned $2.66 earnings per share. research analysts anticipate that Prudential Financial will post 10.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Monday, November 27th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 24th. Prudential Financial’s dividend payout ratio is currently 30.24%.

In related news, EVP Timothy P. Harris sold 10,527 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $115.00, for a total value of $1,210,605.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Nicholas C. Silitch sold 44,860 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $111.77, for a total transaction of $5,014,002.20. Following the completion of the transaction, the insider now directly owns 27,927 shares in the company, valued at approximately $3,121,400.79. The disclosure for this sale can be found here. In the last three months, insiders sold 100,017 shares of company stock worth $11,219,151. Insiders own 0.66% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Prudential Financial (PRU) Releases FY18 Earnings Guidance” was first published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/12/14/prudential-financial-pru-releases-fy18-earnings-guidance.html.

Prudential Financial Company Profile

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.

Earnings History and Estimates for Prudential Financial (NYSE:PRU)

Receive News & Ratings for Prudential Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial and related companies with MarketBeat.com's FREE daily email newsletter.