Prudential Financial (PRU) to Release Earnings on Tuesday

Prudential Financial (NYSE:PRU) is set to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Prudential Financial to post earnings of $3.28 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.67 by ($0.09). The business had revenue of $13.02 billion during the quarter, compared to analysts’ expectations of $12.99 billion. Prudential Financial had a return on equity of 14.52% and a net margin of 4.89%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.42 earnings per share. On average, analysts expect Prudential Financial to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Prudential Financial Stock Down 0.6 %

Shares of Prudential Financial stock opened at $110.50 on Friday. The stock has a 50-day moving average price of $111.75 and a 200 day moving average price of $103.80. The company has a market cap of $39.67 billion, a P/E ratio of 16.52, a P/E/G ratio of 0.75 and a beta of 1.37. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65. Prudential Financial has a 1 year low of $77.22 and a 1 year high of $118.69.

Prudential Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 14th. Investors of record on Tuesday, February 20th were paid a $1.30 dividend. This is an increase from Prudential Financial’s previous quarterly dividend of $1.25. This represents a $5.20 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend was Friday, February 16th. Prudential Financial’s dividend payout ratio is currently 77.73%.

Insider Activity at Prudential Financial

In related news, EVP Ann M. Kappler sold 7,222 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.39, for a total transaction of $782,792.58. Following the completion of the sale, the executive vice president now owns 24,381 shares in the company, valued at approximately $2,642,656.59. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Prudential Financial news, EVP Andrew F. Sullivan sold 7,685 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total value of $857,415.45. Following the completion of the sale, the executive vice president now owns 13,691 shares in the company, valued at approximately $1,527,504.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ann M. Kappler sold 7,222 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $108.39, for a total value of $782,792.58. Following the completion of the sale, the executive vice president now owns 24,381 shares of the company’s stock, valued at approximately $2,642,656.59. The disclosure for this sale can be found here. Insiders sold a total of 29,255 shares of company stock worth $3,215,664 in the last 90 days. 0.31% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. TheStreet raised Prudential Financial from a “c+” rating to an “a-” rating in a research note on Tuesday, February 6th. Wells Fargo & Company upped their target price on Prudential Financial from $100.00 to $106.00 and gave the stock an “underweight” rating in a research report on Thursday, April 11th. Evercore ISI upped their target price on Prudential Financial from $115.00 to $116.00 and gave the stock an “underperform” rating in a research report on Thursday. Keefe, Bruyette & Woods upped their target price on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Piper Sandler upped their target price on Prudential Financial from $114.00 to $125.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Two research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $111.42.

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.