Prudential Financial, Inc. (NYSE:PRU) – Langen Mcalenn cut their Q1 2017 earnings per share (EPS) estimates for shares of Prudential Financial in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now forecasts that the brokerage will post earnings of $2.64 per share for the quarter, down from their prior estimate of $2.66. Langen Mcalenn also issued estimates for Prudential Financial’s Q4 2017 earnings at $2.43 EPS and FY2017 earnings at $10.35 EPS.

Several other research analysts have also commented on the stock. Zacks Investment Research lowered shares of Prudential Financial from a “buy” rating to a “hold” rating in a report on Friday, February 10th. Atlantic Securities lowered shares of Prudential Financial from an “overweight” rating to a “neutral” rating in a report on Friday, February 10th. They noted that the move was a valuation call. Citigroup Inc. began coverage on shares of Prudential Financial in a report on Thursday, January 26th. They issued a “neutral” rating and a $103.00 price target on the stock. Barclays PLC restated a “buy” rating and issued a $117.00 price target on shares of Prudential Financial in a report on Monday, January 9th. Finally, Morgan Stanley lowered shares of Prudential Financial from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $109.00 to $110.00 in a report on Wednesday, December 14th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $99.07.

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

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Prudential Financial (NYSE:PRU) opened at 112.11 on Thursday. The stock has a 50 day moving average of $106.25 and a 200 day moving average of $92.20. The firm has a market cap of $48.21 billion, a PE ratio of 10.57 and a beta of 1.69. Prudential Financial has a one year low of $62.62 and a one year high of $112.28.

Prudential Financial (NYSE:PRU) last issued its earnings results on Wednesday, February 8th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.32 by $0.14. Prudential Financial had a net margin of 7.63% and a return on equity of 7.96%. During the same period in the previous year, the business posted $1.94 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 16th. Stockholders of record on Wednesday, February 22nd will be given a dividend of $0.75 per share. The ex-dividend date is Friday, February 17th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.68%. This is an increase from Prudential Financial’s previous quarterly dividend of $0.70. Prudential Financial’s dividend payout ratio (DPR) is presently 28.90%.

“Q1 2017 EPS Estimates for Prudential Financial, Inc. (PRU) Reduced by Analyst” was first posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another publication, it was stolen and reposted in violation of U.S. and international copyright & trademark law. The original version of this story can be accessed at http://www.dailypolitical.com/2017/02/17/q1-2017-eps-estimates-for-prudential-financial-inc-pru-reduced-by-analyst.html.

Several hedge funds have recently added to or reduced their stakes in the company. Cohen & Steers Inc. bought a new stake in Prudential Financial during the second quarter worth $718,824,000. State Street Corp increased its stake in Prudential Financial by 10.8% in the fourth quarter. State Street Corp now owns 20,235,854 shares of the company’s stock worth $2,105,741,000 after buying an additional 1,966,517 shares during the last quarter. BlackRock Group LTD increased its stake in Prudential Financial by 1.7% in the second quarter. BlackRock Group LTD now owns 5,411,410 shares of the company’s stock worth $386,051,000 after buying an additional 92,365 shares during the last quarter. Capital Research Global Investors bought a new stake in Prudential Financial during the third quarter worth $425,473,000. Finally, BlackRock Fund Advisors increased its stake in Prudential Financial by 4.7% in the third quarter. BlackRock Fund Advisors now owns 5,168,580 shares of the company’s stock worth $422,015,000 after buying an additional 234,348 shares during the last quarter. 60.91% of the stock is owned by institutional investors and hedge funds.

About Prudential Financial

Prudential Financial, Inc is a financial services company. The Company, through its subsidiaries and affiliates, provides a range of financial products and services, including life insurance, annuities and investment management. The Company’s divisions include U.S. Retirement Solutions and Investment Management Division; U.S.

5 Day Chart for NYSE:PRU

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