$3.67 Billion in Sales Expected for Principal Financial Group, Inc. (NYSE:PFG) This Quarter

Brokerages predict that Principal Financial Group, Inc. (NYSE:PFGGet Rating) will report $3.67 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Principal Financial Group’s earnings. The highest sales estimate is $3.95 billion and the lowest is $3.25 billion. Principal Financial Group reported sales of $3.11 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 18%. The firm is scheduled to announce its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Principal Financial Group will report full-year sales of $13.84 billion for the current financial year, with estimates ranging from $12.80 billion to $14.86 billion. For the next year, analysts forecast that the company will report sales of $13.90 billion, with estimates ranging from $12.41 billion to $15.37 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Principal Financial Group.

Separately, StockNews.com began coverage on shares of Principal Financial Group in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

Shares of Principal Financial Group stock opened at $72.34 on Friday. Principal Financial Group has a 1 year low of $58.66 and a 1 year high of $80.36.

About Principal Financial Group (Get Rating)

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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