FY2017 EPS Estimates for Prudential Financial, Inc. (PRU) Increased by Analyst

Prudential Financial, Inc. (NYSE:PRU) – Investment analysts at Langen Mcalenn lifted their FY2017 earnings estimates for shares of Prudential Financial in a note issued to investors on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will earn $10.20 per share for the year, up from their prior forecast of $10.15.

PRU has been the subject of a number of other research reports. Royal Bank Of Canada restated a “hold” rating and set a $117.00 price objective on shares of Prudential Financial in a research report on Wednesday, September 6th. BidaskClub lowered Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley boosted their price objective on Prudential Financial from $118.00 to $123.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $117.00 to $100.00 in a research report on Tuesday. Finally, Wells Fargo & Company restated a “hold” rating on shares of Prudential Financial in a research report on Thursday, August 3rd. Eight investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Prudential Financial has an average rating of “Buy” and a consensus target price of $114.30.

TRADEMARK VIOLATION NOTICE: “FY2017 EPS Estimates for Prudential Financial, Inc. (PRU) Increased by Analyst” was originally posted by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://www.com-unik.info/2017/10/13/fy2017-eps-estimates-for-prudential-financial-inc-pru-increased-by-analyst.html.

Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $2.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.70 by ($0.61). Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. The company had revenue of $13.03 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the company earned $1.84 EPS.

Institutional investors have recently made changes to their positions in the business. Fieldpoint Private Securities LLC bought a new stake in Prudential Financial during the 2nd quarter valued at $103,000. Hudock Capital Group LLC raised its stake in Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock valued at $123,000 after acquiring an additional 8 shares in the last quarter. Guardian Life Insurance Co. of America raised its stake in Prudential Financial by 0.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,658 shares of the financial services provider’s stock valued at $177,000 after acquiring an additional 5 shares in the last quarter. Accurate Investment Solutions Inc. raised its stake in Prudential Financial by 2.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC raised its stake in Prudential Financial by 128.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock valued at $184,000 after acquiring an additional 957 shares in the last quarter. 64.45% of the stock is currently owned by hedge funds and other institutional investors.

In other Prudential Financial news, insider Stephen Pelletier sold 4,133 shares of Prudential Financial stock in a transaction on Monday, August 7th. The stock was sold at an average price of $112.18, for a total transaction of $463,639.94. Following the sale, the insider now owns 10,924 shares of the company’s stock, valued at approximately $1,225,454.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Nicholas C. Silitch sold 14,897 shares of Prudential Financial stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $110.00, for a total value of $1,638,670.00. Following the sale, the insider now directly owns 21,274 shares in the company, valued at approximately $2,340,140. The disclosure for this sale can be found here. 0.66% of the stock is owned by insiders.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Tuesday, August 22nd were paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, August 18th. Prudential Financial’s payout ratio is currently 33.63%.

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.

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

What are top analysts saying about Prudential Financial Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Prudential Financial Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit