Prudential Financial, Inc. (NYSE:PRU) – Langen Mcalenn reduced their Q2 2018 earnings estimates for Prudential Financial in a note issued to investors on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the financial services provider will post earnings of $2.79 per share for the quarter, down from their prior forecast of $2.83.

Several other analysts have also commented on the company. Wells Fargo & Company reaffirmed a “hold” rating on shares of Prudential Financial in a report on Thursday, August 3rd. BidaskClub raised Prudential Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $119.00 target price on shares of Prudential Financial in a report on Friday, November 3rd. B. Riley reaffirmed a “buy” rating on shares of Prudential Financial in a report on Monday, November 6th. Finally, ValuEngine lowered Prudential Financial from a “strong-buy” rating to a “buy” rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Prudential Financial has an average rating of “Buy” and a consensus price target of $115.13.

TRADEMARK VIOLATION NOTICE: “Q2 2018 EPS Estimates for Prudential Financial, Inc. Decreased by Langen Mcalenn (PRU)” was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://www.watchlistnews.com/q2-2018-eps-estimates-for-prudential-financial-inc-decreased-by-langen-mcalenn-pru/1695664.html.

Shares of Prudential Financial (PRU) traded down $1.23 during mid-day trading on Thursday, hitting $110.72. The stock had a trading volume of 1,547,988 shares, compared to its average volume of 1,601,244. The company has a quick ratio of 0.13, a current ratio of 0.13 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $47,466.80, a price-to-earnings ratio of 10.82, a PEG ratio of 1.27 and a beta of 1.56. Prudential Financial has a fifty-two week low of $95.88 and a fifty-two week high of $115.26.

Prudential Financial (NYSE:PRU) last announced its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $3.01 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.30. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $12.24 billion. Prudential Financial had a return on equity of 9.51% and a net margin of 7.71%. During the same period in the prior year, the company earned $2.66 earnings per share.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PRU. Fieldpoint Private Securities LLC purchased a new position in shares of Prudential Financial in the second quarter valued at approximately $103,000. Hudock Capital Group LLC lifted its position in Prudential Financial by 0.7% during the second quarter. Hudock Capital Group LLC now owns 1,144 shares of the financial services provider’s stock worth $123,000 after buying an additional 8 shares in the last quarter. Legacy Advisors LLC purchased a new position in Prudential Financial during the third quarter worth approximately $129,000. Accurate Investment Solutions Inc. lifted its position in Prudential Financial by 2.3% during the second quarter. Accurate Investment Solutions Inc. now owns 1,664 shares of the financial services provider’s stock worth $180,000 after buying an additional 38 shares in the last quarter. Finally, Advisory Services Network LLC lifted its position in Prudential Financial by 128.8% during the second quarter. Advisory Services Network LLC now owns 1,700 shares of the financial services provider’s stock worth $184,000 after buying an additional 957 shares in the last quarter. Institutional investors and hedge funds own 64.87% of the company’s stock.

Prudential Financial Company Profile

Prudential Financial, Inc, is a financial services company. The Company, through its subsidiaries, offers a range of financial products and services, which includes life insurance, annuities, retirement-related services, mutual funds and investment management. The Company’s operations consists of four divisions, which together encompass seven segments.

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

Receive News & Ratings for Prudential Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prudential Financial Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.