Prudential Financial, Inc. (PRU) Scheduled to Post Quarterly Earnings on Wednesday

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.

ILLEGAL ACTIVITY WARNING: This news story was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and international copyright and trademark legislation. The correct version of this news story can be viewed at https://www.com-unik.info/2017/10/31/prudential-financial-inc-pru-scheduled-to-post-quarterly-earnings-on-wednesday.html.

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 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