Equities analysts expect Prudential Financial Inc (NYSE:PRU) to report $3.24 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Thirteen analysts have provided estimates for Prudential Financial’s earnings. The highest EPS estimate is $3.34 and the lowest is $3.13. Prudential Financial reported earnings of $3.01 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7.6%. The firm is expected to issue its next earnings results on Wednesday, August 7th.
On average, analysts expect that Prudential Financial will report full-year earnings of $12.82 per share for the current year, with EPS estimates ranging from $12.50 to $13.17. For the next fiscal year, analysts anticipate that the company will report earnings of $13.84 per share, with EPS estimates ranging from $13.50 to $14.30. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Prudential Financial.
Prudential Financial (NYSE:PRU) last released its quarterly earnings data on Wednesday, May 1st. The financial services provider reported $3.00 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.14 by ($0.14). The firm had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.74 billion. Prudential Financial had a net margin of 6.18% and a return on equity of 9.87%. During the same period in the previous year, the business posted $3.08 EPS.
A number of analysts recently issued reports on PRU shares. Zacks Investment Research cut Prudential Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, January 23rd. UBS Group lifted their price objective on Prudential Financial from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Deutsche Bank lifted their price objective on Prudential Financial from $97.00 to $104.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Finally, ValuEngine raised Prudential Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $111.71.
PRU traded down $0.60 during trading on Friday, reaching $98.81. 1,436,052 shares of the stock traded hands, compared to its average volume of 2,128,668. The stock has a market cap of $40.04 billion, a price-to-earnings ratio of 8.45, a PEG ratio of 0.85 and a beta of 1.48. Prudential Financial has a fifty-two week low of $75.61 and a fifty-two week high of $106.64. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.33.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Tuesday, May 28th will be given a $1.00 dividend. The ex-dividend date is Friday, May 24th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.05%. Prudential Financial’s dividend payout ratio is currently 34.22%.
In other Prudential Financial news, insider Nicholas C. Silitch sold 13,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $95.25, for a total value of $1,238,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Pelletier sold 26,006 shares of the business’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $94.04, for a total value of $2,445,604.24. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Advisory Alpha LLC acquired a new stake in shares of Prudential Financial in the first quarter worth about $32,000. Berman Capital Advisors LLC increased its stake in shares of Prudential Financial by 68.0% in the first quarter. Berman Capital Advisors LLC now owns 346 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 140 shares during the period. Somerset Trust Co increased its stake in shares of Prudential Financial by 276.4% in the first quarter. Somerset Trust Co now owns 414 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 304 shares during the period. Semmax Financial Advisors Inc. bought a new position in shares of Prudential Financial in the fourth quarter worth about $35,000. Finally, Old North State Trust LLC increased its stake in shares of Prudential Financial by 46.5% in the fourth quarter. Old North State Trust LLC now owns 438 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 139 shares during the period. 66.25% of the stock is owned by institutional investors.
About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.
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