Equities analysts forecast that Principal Financial Group, Inc. (NASDAQ:PFG – Get Rating) will announce sales of $3.23 billion for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Principal Financial Group’s earnings, with estimates ranging from $2.88 billion to $3.51 billion. Principal Financial Group posted sales of $3.61 billion during the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Monday, January 1st.
On average, analysts expect that Principal Financial Group will report full-year sales of $12.94 billion for the current fiscal year, with estimates ranging from $11.93 billion to $13.52 billion. For the next financial year, analysts anticipate that the business will report sales of $13.02 billion, with estimates ranging from $11.92 billion to $13.93 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Principal Financial Group.
Principal Financial Group (NASDAQ:PFG – Get Rating) last announced its quarterly earnings results on Thursday, April 28th. The company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.07. Principal Financial Group had a net margin of 11.08% and a return on equity of 12.25%. During the same period last year, the business posted $1.53 earnings per share.
Shares of PFG stock opened at $70.96 on Thursday. Principal Financial Group has a 12-month low of $58.66 and a 12-month high of $80.36. The firm has a market capitalization of $17.93 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 1.30 and a beta of 1.47. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average of $71.77 and a 200-day moving average of $71.86.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Shareholders of record on Thursday, June 2nd will be given a dividend of $0.64 per share. The ex-dividend date is Wednesday, June 1st. This represents a $2.56 annualized dividend and a yield of 3.61%. Principal Financial Group’s dividend payout ratio (DPR) is presently 43.91%.
In other news, EVP Wee Yee Cheong sold 10,000 shares of Principal Financial Group stock in a transaction that occurred on Wednesday, May 25th. The shares were sold at an average price of $71.00, for a total value of $710,000.00. Following the completion of the sale, the executive vice president now directly owns 37,093 shares in the company, valued at $2,633,603. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 1.17% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFG. Riverview Trust Co bought a new position in Principal Financial Group in the first quarter valued at approximately $29,000. MCF Advisors LLC bought a new position in Principal Financial Group in the first quarter valued at approximately $32,000. Bell Investment Advisors Inc bought a new position in Principal Financial Group in the third quarter valued at approximately $29,000. Allegheny Financial Group LTD bought a new position in Principal Financial Group in the fourth quarter valued at approximately $33,000. Finally, Mystic Asset Management Inc. bought a new position in Principal Financial Group in the fourth quarter valued at approximately $35,000. Institutional investors own 77.69% of the company’s stock.
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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