Analysts Anticipate Prudential Financial Inc (NYSE:PRU) to Announce $3.24 EPS

Equities analysts expect Prudential Financial Inc (NYSE:PRU) to report $3.24 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Fifteen analysts have provided estimates for Prudential Financial’s earnings, with the lowest EPS estimate coming in at $3.00 and the highest estimate coming in at $3.37. Prudential Financial reported earnings of $3.15 per share during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The business is expected to issue its next earnings report on Wednesday, November 6th.

On average, analysts expect that Prudential Financial will report full year earnings of $12.49 per share for the current fiscal year, with EPS estimates ranging from $11.95 to $12.85. For the next year, analysts expect that the firm will post earnings of $13.57 per share, with EPS estimates ranging from $12.77 to $14.17. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Prudential Financial.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $3.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $3.22 by ($0.08). Prudential Financial had a return on equity of 9.24% and a net margin of 6.92%. The business had revenue of $14.11 billion for the quarter, compared to analyst estimates of $13.63 billion. During the same quarter in the prior year, the firm earned $3.01 EPS.



A number of equities research analysts have weighed in on PRU shares. Citigroup downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $112.00 to $94.00 in a research note on Monday, August 5th. Barclays set a $108.00 price target on shares of Prudential Financial and gave the stock a “buy” rating in a research note on Monday. ValuEngine downgraded shares of Prudential Financial from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 1st. UBS Group downgraded shares of Prudential Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $116.00 to $112.00 in a research note on Monday, May 13th. Finally, Atlantic Securities downgraded shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $103.59.

Several large investors have recently modified their holdings of PRU. Nuveen Asset Management LLC boosted its stake in shares of Prudential Financial by 14,775.2% in the 2nd quarter. Nuveen Asset Management LLC now owns 3,268,078 shares of the financial services provider’s stock valued at $330,076,000 after purchasing an additional 3,246,108 shares in the last quarter. BlackRock Inc. boosted its stake in shares of 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 purchasing an additional 1,840,652 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Prudential Financial by 72.7% in the 2nd quarter. Invesco Ltd. now owns 3,825,999 shares of the financial services provider’s stock valued at $386,426,000 after purchasing an additional 1,610,600 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Prudential Financial by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 5,129,191 shares of the financial services provider’s stock valued at $417,519,000 after purchasing an additional 326,075 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Prudential Financial by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 32,659,263 shares of the financial services provider’s stock valued at $3,298,586,000 after purchasing an additional 324,451 shares in the last quarter. Institutional investors own 63.65% of the company’s stock.

PRU traded up $1.94 during trading on Friday, reaching $82.03. 2,616,643 shares of the company’s stock were exchanged, compared to its average volume of 2,074,293. Prudential Financial has a fifty-two week low of $75.61 and a fifty-two week high of $106.64. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.29. The business has a 50 day moving average price of $96.54 and a 200 day moving average price of $97.13. The company has a market capitalization of $33.60 billion, a P/E ratio of 7.02, a PEG ratio of 0.74 and a beta of 1.49.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Tuesday, August 20th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $4.00 annualized dividend and a dividend yield of 4.88%. Prudential Financial’s dividend payout ratio is presently 34.22%.

Prudential Financial Company Profile

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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Earnings History and Estimates for Prudential Financial (NYSE:PRU)

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