Market Update: Prudential Financial Inc (NYSE:PRU) – Prudential Financial To Announce Second Quarter 2016 Earnings; Schedules Conference Call

[Business Wire] – Prudential Financial, Inc. will release its second quarter 2016 earnings on Wednesday, August 3, 2016, after the market closes. The earnings news release, the financial supplement and related materials will be posted on the company’s Investor Relations Web site at: http://www.investor.prudential.com. Read more on this. Prudential Financial, Inc. (PRU) , currently valued at $32.72B, started the session at $73.95. Shares have traded today between $73.87 and $74.90 per share and has traded between $57.19 and $92.60 over the past 12 months. PRU shares are currently priced at 7.72x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 16.36x earnings multiple. And for dividend hunters, the company pays shareholders $2.80 per share annually in dividends, yielding 3.88%. Consensus earnings for the current quarter by the 17 sell-side analysts covering the stock is an estimate of $2.51 per share, which would be $0.40 worse than the year-ago quarter and a $0.03 sequential increase. What we find to be interesting is that the full-year EPS estimate of $9.55 is a $0.49 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $11.58 Billion. If reported, that would be a 7.36% decrease over the year-ago quarter. Recently, BofA/Merrill downgraded PRU from Buy to Neutral (Jan 20, 2016). Previously, Deutsche Bank upgraded PRU from Hold to Buy. The average price target for PRU shares by the analysts covering the stock is $85.27, which is 15.31% above where the stock opened this morning. See more in (NYSE:PRU) Similar Articles: Market Update: Prudential Financial Inc (NYSE:PRU) – Prudential Financial, Inc. Announces Tender Offer for Certain Outstanding Debt Securities Stock Update (NYSE:PRU): Prudential Financial To Announce First Quarter 2016 Earnings; Schedules Conference Call Market Update (NYSE:PRU): Prudential Financial To Announce Fourth Quarter 2015 Earnings; Schedules Conference Call