Prudential Financial (PRU) Expected to Announce Earnings on Tuesday

Prudential Financial (NYSE:PRU) is projected to post its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Prudential Financial to post earnings of $3.36 per share and revenue of $14,141,581.88 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Prudential Financial (NYSE:PRU) last released its earnings results on Wednesday, October 30th. The financial services provider reported $3.48 EPS for the quarter, topping analysts’ consensus estimates of $3.47 by $0.01. Prudential Financial had a net margin of 6.03% and a return on equity of 15.30%. The company had revenue of $19.48 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business earned $3.44 EPS. On average, analysts expect Prudential Financial to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.

Prudential Financial Trading Up 2.7 %

Shares of Prudential Financial stock opened at $120.50 on Tuesday. Prudential Financial has a 12-month low of $100.60 and a 12-month high of $130.55. The firm’s 50 day simple moving average is $121.29 and its two-hundred day simple moving average is $120.68. The company has a current ratio of 0.14, a quick ratio of 0.14 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $42.90 billion, a price-to-earnings ratio of 10.71, a PEG ratio of 1.09 and a beta of 1.31.

Prudential Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 12th. Shareholders of record on Tuesday, November 19th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, November 19th. This represents a $5.20 dividend on an annualized basis and a yield of 4.32%. Prudential Financial’s dividend payout ratio is currently 46.22%.

Insider Activity

In related news, major shareholder Insurance Co Of Ame Prudential purchased 537,249 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were purchased at an average cost of $27.92 per share, with a total value of $14,999,992.08. Following the purchase, the insider now owns 4,780,293 shares of the company’s stock, valued at $133,465,780.56. This represents a 12.66 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on PRU shares. Barclays raised their price objective on Prudential Financial from $127.00 to $128.00 and gave the stock an “equal weight” rating in a research note on Thursday, January 23rd. Piper Sandler decreased their price objective on shares of Prudential Financial from $127.00 to $124.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Jefferies Financial Group raised their target price on shares of Prudential Financial from $149.00 to $152.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. TD Cowen upped their price target on shares of Prudential Financial from $130.00 to $133.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Finally, BMO Capital Markets started coverage on Prudential Financial in a report on Thursday, January 23rd. They issued an “underperform” rating and a $101.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $125.31.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.