Prudential Financial (PRU) Scheduled to Post Earnings on Tuesday

Prudential Financial (NYSE:PRU) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Prudential Financial to post earnings of $3.28 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Prudential Financial (NYSE:PRU) last posted its quarterly earnings data on Tuesday, February 6th. The financial services provider reported $2.58 earnings per share for the quarter, missing analysts’ consensus estimates of $2.67 by ($0.09). The company had revenue of $13.02 billion for the quarter, compared to the consensus estimate of $12.99 billion. Prudential Financial had a net margin of 4.89% and a return on equity of 14.52%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $2.42 EPS. On average, analysts expect Prudential Financial to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.

Prudential Financial Stock Up 0.8 %

Prudential Financial stock opened at $111.47 on Tuesday. The firm has a market cap of $40.02 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 0.75 and a beta of 1.37. The stock has a fifty day simple moving average of $111.38 and a two-hundred day simple moving average of $103.36. Prudential Financial has a 12 month low of $77.22 and a 12 month high of $118.69. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.65.

Prudential Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 14th. Shareholders of record on Tuesday, February 20th were issued a $1.30 dividend. This is a positive change from Prudential Financial’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend was Friday, February 16th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 4.66%. Prudential Financial’s dividend payout ratio (DPR) is presently 77.73%.

Analysts Set New Price Targets

Several brokerages recently commented on PRU. UBS Group lifted their price objective on Prudential Financial from $108.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Raymond James downgraded Prudential Financial from a “strong-buy” rating to a “market perform” rating in a research report on Friday, February 9th. Piper Sandler boosted their price objective on Prudential Financial from $114.00 to $125.00 and gave the company a “neutral” rating in a research report on Friday, April 5th. Keefe, Bruyette & Woods lifted their target price on Prudential Financial from $112.00 to $118.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, Evercore ISI boosted their price objective on Prudential Financial from $104.00 to $115.00 and gave the stock an “underperform” rating in a research note on Thursday, April 11th. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $111.33.

Insiders Place Their Bets

In other news, EVP Andrew F. Sullivan sold 7,685 shares of the stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $111.57, for a total transaction of $857,415.45. Following the completion of the sale, the executive vice president now owns 13,691 shares in the company, valued at approximately $1,527,504.87. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, SVP Timothy L. Schmidt sold 7,912 shares of the stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $108.13, for a total transaction of $855,524.56. Following the sale, the senior vice president now directly owns 14,754 shares of the company’s stock, valued at approximately $1,595,350.02. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Andrew F. Sullivan sold 7,685 shares of the firm’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $111.57, for a total transaction of $857,415.45. Following the completion of the transaction, the executive vice president now directly owns 13,691 shares in the company, valued at $1,527,504.87. The disclosure for this sale can be found here. Insiders sold a total of 29,255 shares of company stock worth $3,215,664 over the last 90 days. Company insiders own 0.31% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, together with its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Businesses segments.