Prudential Financial Inc (PRU) Releases Earnings Results, Misses Expectations By $-0.18 EPS

Prudential Financial Inc (PRU) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $2.18 earnings per share for the quarter, missing the analyst consensus estimate by $-0.18. Analysts had a consensus of $2.36. The company posted revenue of $11929.00 million in the period, compared to analysts expectations of $11225.08 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.79 EPS.

Many Wall Street Analysts have commented on Prudential Financial Inc. Shares were Reiterated by RBC Capital Mkts on Feb 11, 2016 to “Sector Perform” and Lowered the Price Target to $ 80 from a previous price target of $91 .

Prudential Financial Inc opened for trading at $78.28 and hit $78.8 on the upside on Monday, eventually ending the session at $78.67, with a gain of 1.33% or 1.03 points. The heightened volatility saw the trading volume jump to 15,43,640 shares. Company has a market cap of $35,087 M.

In a different news, on Feb 17, 2016, Douglas A Scovanner (director) purchased 7,400 shares at $62.56 per share price. According to the SEC, on Dec 3, 2015, Scott Sleyster (Senior Vice President) sold 13,431 shares at $87.04 per share price. On Dec 3, 2015, Mark B Grier (Vice Chairman) sold 62,245 shares at $86.93 per share price, according to the Form-4 filing with the securities and exchange commission.

Prudential Financial Inc. is a financial services company. The Company through its subsidiaries and affiliates provides a arrange of financial products and services including life insurance annuities retirement-related services mutual funds and investment management. The Company has organized its principal operations into the Financial Services Businesses and the Closed Block Business. The Financial Services Businesses consists of three divisions containing six segments and the Company’s corporate operations. The Financial Services Businesses operate through three operating divisions: U.S. Retirement Solutions and Investment Management U.S. Individual Life and Group Insurance and International Insurance. The Company’s investment portfolio consists of public and private fixed maturity securities commercial mortgage and other loans equity securities and other invested assets.

Prudential Financial Inc

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