Principal Financial Group (NASDAQ:PFG) Releases Earnings Results, Beats Estimates By $0.18 EPS

Key Points

• Principal Financial Group reported earnings of $2.16 per share for the quarter, surpassing analyst expectations by $0.18.
• Despite the positive earnings report, the stock prices dropped by 0.8% to $80.39, with 1,677,397 shares traded on Monday.
• Wall Street Zen upgraded Principal Financial Group from a "sell" to a "hold" rating on Saturday.

Principal Financial Group (NASDAQ:PFG - Get Free Report) posted its earnings results on Monday. The company reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $1.98 by $0.18, Zacks reports. Principal Financial Group had a net margin of 6.89% and a return on equity of 14.85%.

Principal Financial Group Stock Down 0.8%

NASDAQ PFG traded down $0.66 on Monday, hitting $80.39. 1,677,397 shares of the stock were exchanged, compared to its average volume of 1,400,370. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $18.02 billion, a price-to-earnings ratio of 17.21, a PEG ratio of 0.83 and a beta of 0.99. Principal Financial Group has a 52-week low of $68.39 and a 52-week high of $91.97.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Principal Financial Group from a "sell" rating to a "hold" rating in a report on Saturday.

Principal Financial Group Company Profile

Principal Financial Group, Inc provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S. Insurance Solutions segments.

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