Prudential Financial, Inc. Expected to Earn Q4 2017 Earnings of $2.45 Per Share (PRU)
Prudential Financial, Inc. (NYSE:PRU) – Investment analysts at B. Riley issued their Q4 2017 earnings per share (EPS) estimates for shares of Prudential Financial in a research report issued to clients and investors on Monday. B. Riley analyst R. Binner expects that the financial services provider will earn $2.45 per share for the quarter. B. Riley currently has a “Buy” rating on the stock.
Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods reiterated a “buy” rating on shares of Prudential Financial in a research note on Friday, August 11th. Citigroup upgraded shares of Prudential Financial from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Tuesday, October 17th. Zacks Investment Research raised shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Tuesday, October 10th. FBR & Co raised shares of Prudential Financial from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $117.00 to $100.00 in a research report on Tuesday, October 10th. Finally, ValuEngine downgraded shares of Prudential Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, November 10th. Eight analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.64.
Prudential Financial (PRU) opened at $115.38 on Wednesday. The company has a debt-to-equity ratio of 0.34, 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 $117.99. The company has a market cap of $48,976.24, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 1.30 and a beta of 1.55.
Prudential Financial (NYSE:PRU) last released its quarterly earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.51%. The firm had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $12.24 billion. During the same quarter in the prior year, the firm earned $2.66 EPS.
Several institutional investors and hedge funds have recently modified their holdings of PRU. Fieldpoint Private Securities LLC bought a new stake in Prudential Financial in the 2nd quarter valued at approximately $103,000. Grove Bank & Trust grew its holdings in Prudential Financial by 507.0% in the 3rd quarter. Grove Bank & Trust now owns 1,129 shares of the financial services provider’s stock valued at $120,000 after buying an additional 943 shares in the last quarter. Hudock Capital Group LLC grew its holdings in shares of Prudential Financial by 0.7% during the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after purchasing an additional 8 shares in the last quarter. Legacy Advisors LLC acquired a new stake in shares of Prudential Financial during the 3rd quarter worth $129,000. Finally, Zions Bancorporation boosted its stake in Prudential Financial by 44.9% in the third quarter. Zions Bancorporation now owns 1,690 shares of the financial services provider’s stock valued at $180,000 after buying an additional 524 shares in the last quarter. Institutional investors and hedge funds own 64.65% of the company’s stock.
In other news, EVP Charles F. Lowrey sold 44,630 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $111.91, for a total transaction of $4,994,543.30. Following the completion of the transaction, the executive vice president now directly owns 79,354 shares in the company, valued at approximately $8,880,506.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Timothy P. Harris sold 10,527 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $115.00, for a total value of $1,210,605.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 100,017 shares of company stock worth $11,219,151. 0.66% of the stock is currently owned by corporate insiders.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Monday, November 27th will be issued a dividend of $0.75 per share. The ex-dividend date is Friday, November 24th. This represents a $3.00 annualized dividend and a yield of 2.60%. Prudential Financial’s dividend payout ratio (DPR) is presently 30.18%.
Prudential Financial Company Profile
Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.
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