Prudential Financial (NYSE:PRU) is scheduled to announce its earnings results after the market closes on Wednesday, May 2nd.
Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, February 7th. The financial services provider reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.64 by $0.05. The company had revenue of $15.25 billion during the quarter, compared to the consensus estimate of $12.87 billion. Prudential Financial had a return on equity of 9.29% and a net margin of 13.41%. During the same period in the previous year, the company posted $2.46 EPS. On average, analysts expect Prudential Financial to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.
NYSE PRU opened at $107.14 on Wednesday. The stock has a market capitalization of $45,166.66, a price-to-earnings ratio of 10.13, a PEG ratio of 1.04 and a beta of 1.52. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.13 and a quick ratio of 0.13. Prudential Financial has a 1-year low of $97.88 and a 1-year high of $127.14.
Several equities analysts have weighed in on PRU shares. UBS raised Prudential Financial from a “neutral” rating to a “buy” rating in a research report on Friday, March 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $128.00 target price on shares of Prudential Financial in a research report on Friday, February 23rd. Sandler O’Neill reaffirmed a “buy” rating and issued a $134.00 target price on shares of Prudential Financial in a research report on Thursday, January 11th. Zacks Investment Research raised Prudential Financial from a “hold” rating to a “buy” rating and set a $132.00 target price for the company in a research report on Monday, January 8th. Finally, Bank of America started coverage on Prudential Financial in a research report on Monday, March 26th. They issued a “buy” rating and a $117.00 target price for the company. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $119.00.
In other news, insider Stephen Pelletier sold 40,729 shares of Prudential Financial stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $108.75, for a total value of $4,429,278.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.61% of the company’s stock.
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About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.
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