Q2 2018 EPS Estimates for Prudential Financial, Inc. Decreased by Langen Mcalenn (PRU)
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.
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.
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