Prudential Financial (NYSE:PRU) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share guidance of $12.50-13.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $12.97.

Shares of NYSE PRU opened at $85.87 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.11 and a quick ratio of 0.11. The stock has a market capitalization of $36.07 billion, a price-to-earnings ratio of 8.12, a price-to-earnings-growth ratio of 0.76 and a beta of 1.41. Prudential Financial has a fifty-two week low of $84.51 and a fifty-two week high of $127.14.

Prudential Financial (NYSE:PRU) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $3.15 earnings per share for the quarter, missing the consensus estimate of $3.16 by ($0.01). The business had revenue of $14.43 billion during the quarter, compared to analyst estimates of $13.51 billion. Prudential Financial had a return on equity of 10.20% and a net margin of 12.59%. During the same period in the prior year, the business posted $3.01 EPS. On average, equities analysts anticipate that Prudential Financial will post 12.75 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Monday, November 26th will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 4.19%. The ex-dividend date is Friday, November 23rd. Prudential Financial’s dividend payout ratio is presently 34.03%.

PRU has been the subject of several recent analyst reports. Goldman Sachs Group raised Prudential Financial from a buy rating to a conviction-buy rating in a report on Monday, September 10th. ValuEngine downgraded Prudential Financial from a sell rating to a strong sell rating in a report on Friday, November 16th. Zacks Investment Research downgraded Prudential Financial from a buy rating to a hold rating in a report on Wednesday, November 14th. UBS Group raised their price target on Prudential Financial from $125.00 to $126.00 and gave the stock a buy rating in a report on Monday, October 8th. Finally, Morgan Stanley lowered their price target on Prudential Financial from $122.00 to $120.00 and set an equal weight rating for the company in a report on Thursday, November 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Prudential Financial presently has a consensus rating of Buy and an average target price of $119.31.

In other Prudential Financial news, insider Scott Sleyster sold 23,300 shares of the business’s stock in a transaction that occurred on Friday, September 28th. The stock was sold at an average price of $99.74, for a total value of $2,323,942.00. Following the completion of the transaction, the insider now directly owns 57,758 shares of the company’s stock, valued at $5,760,782.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Prudential Financial Inc purchased 880,000 shares of the firm’s stock in a transaction on Tuesday, October 16th. The stock was bought at an average cost of $25.00 per share, with a total value of $22,000,000.00. The disclosure for this purchase can be found here. Insiders own 0.66% of the company’s stock.

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Prudential Financial Company Profile

Prudential Financial, Inc, through its subsidiaries, provides insurance, investment management, and other financial products and services in the United States and internationally. It operates through U.S. Individual Solutions, U.S. Workplace Solutions, Investment Management, and International Insurance divisions.

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Earnings History and Estimates for Prudential Financial (NYSE:PRU)

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