Prudential Financial, Inc. (PRU) Expected to Post FY2017 Earnings of $10.49 Per Share
Prudential Financial, Inc. (NYSE:PRU) – Stock analysts at Langen Mcalenn lifted their FY2017 earnings estimates for Prudential Financial in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will earn $10.49 per share for the year, up from their prior forecast of $10.20. Langen Mcalenn also issued estimates for Prudential Financial’s Q4 2017 earnings at $2.60 EPS, Q1 2018 earnings at $2.91 EPS, Q3 2018 earnings at $2.95 EPS, Q4 2018 earnings at $2.66 EPS and FY2018 earnings at $11.30 EPS.
Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.30. Prudential Financial had a net margin of 7.71% and a return on equity of 9.20%. The company had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $12.24 billion. During the same period in the prior year, the business earned $2.66 EPS. ILLEGAL ACTIVITY WARNING: “Prudential Financial, Inc. (PRU) Expected to Post FY2017 Earnings of $10.49 Per Share” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.thecerbatgem.com/2017/11/08/prudential-financial-inc-pru-expected-to-post-fy2017-earnings-of-10-49-per-share.html.
A number of other analysts have also recently weighed in on the stock. B. Riley restated a “buy” rating on shares of Prudential Financial in a report on Monday. BidaskClub upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. Wells Fargo & Company restated a “hold” rating and issued a $120.00 price target (up from $114.00) on shares of Prudential Financial in a report on Wednesday. Keefe, Bruyette & Woods restated a “buy” rating on shares of Prudential Financial in a report on Friday, August 11th. Finally, Zacks Investment Research upgraded shares of Prudential Financial from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, October 10th. Eight equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $115.13.
Shares of Prudential Financial (NYSE:PRU) traded up $0.21 during trading on Wednesday, reaching $112.15. 261,739 shares of the company’s stock traded hands, compared to its average volume of 1,545,286. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.33. Prudential Financial has a one year low of $87.39 and a one year high of $115.26. The company has a market cap of $47,653.36, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.28 and a beta of 1.56.
Large investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC purchased a new position in shares of Prudential Financial during the 2nd quarter valued at approximately $103,000. Hudock Capital Group LLC increased its holdings in Prudential Financial by 0.7% in the 2nd quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after acquiring an additional 8 shares in the last quarter. Legacy Advisors LLC purchased a new stake in Prudential Financial in the 3rd quarter worth $129,000. Accurate Investment Solutions Inc. increased its holdings in Prudential Financial by 2.3% in the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC increased its holdings in Prudential Financial by 128.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after acquiring an additional 957 shares in the last quarter. 64.87% of the stock is owned by hedge funds and other institutional investors.
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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