Principal Financial Group Inc (NASDAQ:PFG) is expected to report second quarter earnings results, after market close, on Monday 27th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.30 per share.
Looking ahead, the full year income are expected at $ 5.12 per share on the revenues of $ 16677.40 million.
Previous Quarter Performance
Principal Financial Group Inc recorded income for the first quarter of $ 1.15 per share, from the revenue of $ 4,430.00 million. The quarterly earnings contracted 19.58 percent while revenues gained 20.36 percent compared with the same quarter last year.
According to street consensus, PFG was expected to report 1Q20 income of $ 1.13 per share from revenue of $ 3680.88 million. The bottom line results beat street analysts by $ 0.02 or 1.77 percent, at the same time, top line results outshined analysts by $ 749.12 million or 20.35 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PFG was $ 44.77, representing a 92.06 % increase from the 52 week low of $ 23.31 and a 26.1 % decrease over the 52 week high of $ 60.58.
The company has a market capital of $ 12.26 billion and is part of the Financial Services sector and Insurance – Life industry.
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Recent Analyst recommendations
- On 18th June 2020, downgraded by Goldman Sachs Group to Sell from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.56 per share on April 27, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.
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.
