Equities research analysts forecast that Prudential Financial Inc (NYSE:PRU) will post $3.24 earnings per share for the current quarter, Zacks reports. Fourteen analysts have provided estimates for Prudential Financial’s earnings. The highest EPS estimate is $3.37 and the lowest is $3.00. Prudential Financial reported earnings per share of $3.15 in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is scheduled to issue its next earnings report on Wednesday, November 6th.
On average, analysts expect that Prudential Financial will report full year earnings of $12.48 per share for the current fiscal year, with EPS estimates ranging from $11.95 to $12.85. For the next year, analysts forecast that the firm will report earnings of $13.57 per share, with EPS estimates ranging from $12.77 to $14.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Prudential Financial.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $3.14 earnings per share for the quarter, missing analysts’ consensus estimates of $3.22 by ($0.08). Prudential Financial had a return on equity of 9.24% and a net margin of 6.92%. The company had revenue of $14.11 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same period in the previous year, the business posted $3.01 EPS.
Prudential Financial stock traded down $2.38 during mid-day trading on Friday, reaching $79.70. The company’s stock had a trading volume of 76,712 shares, compared to its average volume of 2,621,032. The firm has a market cap of $32.42 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 0.72 and a beta of 1.49. The business has a 50 day moving average price of $94.23 and a 200-day moving average price of $96.74. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.29. Prudential Financial has a twelve month low of $75.61 and a twelve month high of $106.64.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.02%. The ex-dividend date is Monday, August 19th. Prudential Financial’s dividend payout ratio (DPR) is 34.22%.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Nomura Holdings Inc. bought a new stake in shares of Prudential Financial during the second quarter valued at about $348,000. BlackRock Inc. raised its holdings in Prudential Financial by 6.2% in the 2nd quarter. BlackRock Inc. now owns 31,395,669 shares of the financial services provider’s stock valued at $3,170,962,000 after acquiring an additional 1,840,652 shares in the last quarter. Garde Capital Inc. acquired a new position in Prudential Financial in the 2nd quarter valued at $202,000. Barings LLC raised its holdings in Prudential Financial by 24.7% in the 2nd quarter. Barings LLC now owns 21,012 shares of the financial services provider’s stock valued at $2,123,000 after acquiring an additional 4,160 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its holdings in Prudential Financial by 8.8% in the 2nd quarter. Chartwell Investment Partners LLC now owns 125,150 shares of the financial services provider’s stock valued at $12,640,000 after acquiring an additional 10,124 shares in the last quarter. 63.72% of the stock is owned by institutional investors.
About Prudential Financial
Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S. Individual Solutions, and International Insurance divisions. The PGIM division offers an array of asset management and advisory services related to public and private fixed income, public equity and real estate, commercial mortgage origination and servicing, and mutual funds and other retail services to institutional, private, and sub-advisory clients, as well as to insurance company separate accounts, government sponsored entities, and the general account.
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