Prudential Financial (NYSE:PRU) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $11.20-11.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $11.37.
A number of analysts have recently issued reports on the stock. Morgan Stanley raised their price objective on shares of Prudential Financial from $123.00 to $124.00 and gave the stock an equal weight rating in a report on Thursday, November 2nd. B. Riley reissued a buy rating on shares of Prudential Financial in a report on Monday, November 6th. ValuEngine downgraded shares of Prudential Financial from a strong-buy rating to a buy rating in a report on Friday, November 10th. Wells Fargo & Company reissued a hold rating and issued a $120.00 price objective (up previously from $114.00) on shares of Prudential Financial in a report on Wednesday, November 8th. Finally, Keefe, Bruyette & Woods reissued a buy rating and issued a $121.00 price objective on shares of Prudential Financial in a report on Monday, October 16th. Eight analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Prudential Financial has a consensus rating of Buy and an average target price of $115.64.
Prudential Financial (PRU) traded down $2.44 during mid-day trading on Thursday, hitting $113.95. 1,759,700 shares of the company were exchanged, compared to its average volume of 1,842,623. Prudential Financial has a 1 year low of $97.88 and a 1 year high of $117.99. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.13 and a current ratio of 0.13. The stock has a market capitalization of $49,040.00, a price-to-earnings ratio of 11.24, a PEG ratio of 1.31 and a beta of 1.55.
Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 EPS for the quarter, topping the consensus estimate of $2.71 by $0.30. The company had revenue of $13.36 billion during the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. During the same period in the previous year, the firm earned $2.66 earnings per share. research analysts anticipate that Prudential Financial will post 10.44 EPS for the current fiscal year.
The business 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date 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 Prudential Financial stock in a transaction dated Wednesday, November 29th. The stock was 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 Securities & Exchange Commission, which is available through this hyperlink. Also, insider Nicholas C. Silitch sold 44,860 shares of Prudential Financial stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $111.77, for a total value of $5,014,002.20. Following the completion of the sale, the insider now owns 27,927 shares of the company’s stock, valued at $3,121,400.79. The disclosure for this sale can be found here. Insiders sold 100,017 shares of company stock valued at $11,219,151 over the last 90 days. 0.66% of the stock is currently owned by corporate insiders.
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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.
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