Go Pro

Prudential Public (NYSE:PUK) Releases Quarterly Earnings Results, Misses Estimates By $0.70 EPS

Prudential Public logo with Finance background
Image from MarketBeat Media, LLC.

Key Points

  • Prudential Public reported quarterly EPS of $0.58, missing the $1.28 analyst consensus by $0.70. Revenue totaled $3.90 billion.
  • Shares fell $0.08 to $28.35 in midday trading, within a 52-week range of $24.61 to $34.03.
  • Analyst sentiment remains mixed, with a consensus “Hold” rating; four analysts rate the stock Buy, two Hold and one Sell. Institutional investors own 1.90% of the company.
  • MarketBeat previews the top five stocks to own by September 1st.

Prudential Public (NYSE:PUK - Get Free Report) announced its earnings results on Wednesday. The financial services provider reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $1.28 by ($0.70), FiscalAI reports. The company had revenue of $3.90 billion for the quarter.

Prudential Public Price Performance

Shares of NYSE PUK traded down $0.08 during midday trading on Wednesday, reaching $28.35. The company had a trading volume of 808,044 shares, compared to its average volume of 1,014,386. Prudential Public has a one year low of $24.61 and a one year high of $34.03. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average price is $28.10 and its 200-day moving average price is $29.17.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PUK shares. Weiss Ratings restated a "hold (c+)" rating on shares of Prudential Public in a research report on Monday, July 6th. Morgan Stanley reissued an "overweight" rating on shares of Prudential Public in a research note on Friday, May 15th. Finally, Zacks Research downgraded Prudential Public from a "hold" rating to a "strong sell" rating in a research report on Wednesday, August 19th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".

Get Our Latest Analysis on PUK

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Manchester Capital Management LLC increased its position in shares of Prudential Public by 1,103.0% in the fourth quarter. Manchester Capital Management LLC now owns 794 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 728 shares during the period. Mcguire Capital Advisors Inc. bought a new stake in shares of Prudential Public in the fourth quarter worth about $29,000. Larson Financial Group LLC grew its stake in shares of Prudential Public by 626.8% in the third quarter. Larson Financial Group LLC now owns 1,657 shares of the financial services provider's stock worth $46,000 after purchasing an additional 1,429 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Prudential Public by 86.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,683 shares of the financial services provider's stock valued at $79,000 after purchasing an additional 1,709 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Prudential Public by 66.8% during the 2nd quarter. Smartleaf Asset Management LLC now owns 4,274 shares of the financial services provider's stock valued at $108,000 after purchasing an additional 1,711 shares during the period. Institutional investors own 1.90% of the company's stock.

About Prudential Public

(Get Free Report)

Prudential Public NYSE: PUK is the New York listing for Prudential plc, a London‑headquartered international life insurance and financial services group. The company provides a range of long‑term savings, retirement and protection products designed for individual and institutional customers. Its core offerings include life insurance, pensions and annuities, group protection, and wealth and asset management services delivered through both proprietary and third‑party distribution channels.

Prudential operates across multiple regions, with significant focus on fast‑growing markets in Asia and Africa alongside its established businesses in Europe and other international markets.

Read More

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Should You Invest $1,000 in Prudential Public Right Now?

Before you consider Prudential Public, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Prudential Public wasn't on the list.

While Prudential Public currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Energy Stocks to Buy and Hold Forever Cover

With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines