Prudential Financial, Inc. (NYSE:PRU) will be announcing its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce 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 analysts’ consensus estimates of $2.70 by ($0.61). The business had revenue of $13.03 billion for the quarter, compared to analyst estimates of $12.45 billion. Prudential Financial had a return on equity of 8.98% and a net margin of 7.15%. During the same period in the previous year, the business posted $1.84 earnings per share. On average, analysts expect Prudential Financial to post $10.13 EPS for the current fiscal year and $11.22 EPS for the next fiscal year.
Shares of Prudential Financial, Inc. (NYSE PRU) opened at 111.60 on Tuesday. The company’s 50 day moving average price is $107.50 and its 200-day moving average price is $107.11. The firm has a market capitalization of $47.65 billion, a P/E ratio of 12.46 and a beta of 1.51. Prudential Financial, Inc. has a 12 month low of $83.09 and a 12 month high of $115.26.
In other news, insider Nicholas C. Silitch sold 14,897 shares of the stock in a transaction dated Wednesday, August 9th. The stock was sold at an average price of $110.00, for a total value of $1,638,670.00. Following the completion of the sale, the insider now owns 21,274 shares in the company, valued at $2,340,140. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $112.18, for a total value of $463,639.94. Following the completion of the sale, the insider now owns 10,924 shares of the company’s stock, valued at approximately $1,225,454.32. The disclosure for this sale can be found here. Corporate insiders own 0.66% of the company’s stock.
Several equities analysts recently weighed in on the company. Goldman Sachs Group, Inc. (The) assumed coverage on Prudential Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $114.00 target price on the stock. Citigroup Inc. upgraded Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $121.00 target price on shares of Prudential Financial in a research report on Monday, October 16th. Zacks Investment Research upgraded Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Tuesday, October 10th. Finally, FBR & Co upgraded Prudential Financial from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $117.00 to $100.00 in a research report on Tuesday, October 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 stock. Prudential Financial currently has an average rating of “Buy” and an average price target of $114.56.
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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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