Prudential Financial, Inc. (NYSE:PRU) is reporting second quarter financial results on Tuesday 4th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, PRU is expected to report 2Q20 income of $ 1.71 per share from revenue of $ 12634.80 million.
For the full year, analysts anticipate top line of $ 54417.10 million, while looking forward to income of $ 9.13 per share bottom line.
Previous Quarter Performance
Prudential Financial, Inc. communicated income for the first quarter of $ 2.32 per share, from the revenue of $ 13,334.00 million. The quarterly earnings dropped 22.67 percent while revenues lowered 2.30 percent compared with the same quarter last year.
Street analysts expected Prudential Financial, Inc. to report income of $ 2.77 per share on revenue of $ 13924.10 million for the first quarter. The bottom line results missed street analysts by $ 0.45 or 16.25 percent, at the same time, top line results fell short of analysts by $ 590.1 million or 4.24 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of PRU was $ 64.43, representing a 66.83 % increase from the 52 week low of $ 38.62 and a 33.74 % decrease over the 52 week high of $ 97.24.
The company has a market capital of $ 25.38 billion and is part of the Financial Services sector and Insurance – Life industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 1.10 per share on May 12, 2020. The dividend were payable on June 18, 2020 to holders of record as of the close of business on May 26, 2020 and ex-dividend date on May 22, 2020.
Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S.
