Prudential Financial (PRU) Set to Announce Quarterly Earnings on Wednesday

Prudential Financial (NYSE:PRU - Get Free Report) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $3.49 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Prudential Financial (NYSE:PRU - Get Free Report) last released its earnings results on Thursday, August 1st. The financial services provider reported $3.39 EPS for the quarter, missing analysts' consensus estimates of $3.43 by ($0.04). Prudential Financial had a return on equity of 16.00% and a net margin of 4.86%. The company had revenue of $13.84 billion during the quarter, compared to analysts' expectations of $13.78 billion. 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 Down 0.4 %

Shares of NYSE PRU traded down $0.48 during trading on Wednesday, reaching $125.16. The company had a trading volume of 848,188 shares, compared to its average volume of 1,481,552. Prudential Financial has a 12-month low of $87.95 and a 12-month high of $128.52. The stock has a market cap of $44.93 billion, a PE ratio of 21.29, a P/E/G ratio of 0.97 and a beta of 1.30. The business's 50-day moving average is $119.79 and its 200 day moving average is $117.69. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.65.

Prudential Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 12th. Investors of record on Tuesday, August 20th were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $5.20 annualized dividend and a dividend yield of 4.15%. Prudential Financial's dividend payout ratio (DPR) is presently 88.44%.

Insider Transactions at Prudential Financial

In related news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of the company's stock in a transaction that occurred on Tuesday, October 8th. The shares were bought at an average price of $27.58 per share, with a total value of $7,200,007.22. Following the completion of the transaction, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, major shareholder Insurance Co Of Ame Prudential acquired 261,059 shares of Prudential Financial stock in a transaction dated Tuesday, October 8th. The stock was purchased at an average cost of $27.58 per share, for a total transaction of $7,200,007.22. Following the completion of the purchase, the insider now directly owns 4,208,549 shares in the company, valued at $116,071,781.42. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Caroline Feeney sold 1,110 shares of the firm's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $119.97, for a total value of $133,166.70. Following the completion of the transaction, the executive vice president now owns 10,175 shares of the company's stock, valued at approximately $1,220,694.75. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on PRU shares. Morgan Stanley dropped their target price on Prudential Financial from $123.00 to $122.00 and set an "equal weight" rating on the stock in a research report on Monday, August 19th. Argus raised Prudential Financial to a "strong-buy" rating in a research note on Thursday, August 8th. UBS Group lifted their target price on Prudential Financial from $112.00 to $119.00 and gave the company a "neutral" rating in a research note on Tuesday, August 13th. TD Cowen began coverage on Prudential Financial in a research note on Wednesday, October 9th. They issued a "hold" rating and a $130.00 price objective on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $121.00 price objective on shares of Prudential Financial in a report on Wednesday, August 21st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $123.69.

About Prudential Financial

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.