Prudential Financial (PRU) Earning Somewhat Favorable Press Coverage, Study Finds
Media coverage about Prudential Financial (NYSE:PRU) has trended somewhat positive on Saturday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Prudential Financial earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 45.8688967473502 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s analysis:
- Prudential Financial, Inc. 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- Prudential Financial Inc. Reduces Position in Freightcar America, Inc. (RAIL) – ExpressNewsline (expressnewsline.com)
- Prudential Is Plotting Its Escape From Fed’s Tough Oversight – Bloomberg (bloomberg.com)
- Prudential Financial, Inc. (PRU) Ex-Dividend Date Scheduled for August 18, 2017 – Nasdaq (nasdaq.com)
- Prudential Financial is Oversold (nasdaq.com)
Prudential Financial (PRU) traded up 0.04% during midday trading on Friday, hitting $101.95. The stock had a trading volume of 3,523,224 shares. The company has a market capitalization of $43.53 billion, a PE ratio of 11.38 and a beta of 1.50. The stock’s 50-day moving average is $110.29 and its 200-day moving average is $108.05. Prudential Financial has a 1-year low of $75.50 and a 1-year high of $115.26.
Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $2.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.70 by $0.61. Prudential Financial had a net margin of 7.15% and a return on equity of 8.98%. The firm had revenue of $13.03 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. Equities research analysts forecast that Prudential Financial will post $10.18 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Tuesday, August 22nd will be issued a $0.75 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.94%. Prudential Financial’s payout ratio is 33.63%.
PRU has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “hold” rating and set a $121.00 price target on shares of Prudential Financial in a report on Thursday, April 27th. Wells Fargo & Company reissued a “hold” rating on shares of Prudential Financial in a research report on Thursday, May 4th. ValuEngine raised Prudential Financial from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded Prudential Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, June 14th. Finally, BidaskClub raised Prudential Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 16th. Ten research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.21.
In related news, Chairman John R. Strangfeld, Jr. sold 201,585 shares of the stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $110.00, for a total value of $22,174,350.00. Following the transaction, the chairman now directly owns 456,121 shares of the company’s stock, valued at approximately $50,173,310. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Pelletier sold 4,133 shares of the stock in a transaction on Monday, August 7th. The shares were sold at an average price of $112.18, for a total transaction of $463,639.94. Following the completion of the transaction, the insider now directly owns 10,924 shares in the company, valued at $1,225,454.32. The disclosure for this sale can be found here. Insiders sold a total of 220,615 shares of company stock worth $24,276,660 over the last 90 days. Company insiders own 0.66% of the company’s stock.
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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