In the latest session, Principal Financial Group Inc (NASDAQ: PFG) closed at $82.81 down -2.14% from its previous closing price of $84.62. In other words, the price has decreased by -$1.81 from its previous closing price. On the day, 870716 shares were traded. PFG stock price reached its highest trading level at $85.10 during the session, while it also had its lowest trading level at $82.51.
Ratios:
For a deeper understanding of Principal Financial Group Inc’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.39 whereas as Long-Term Debt/Eq ratio is at 0.38.
On January 04, 2024, Evercore ISI Upgraded its rating to In-line which previously was Underperform and also upped its target price recommendation from $82 to $83.
Jefferies Upgraded its Underperform to Hold on June 23, 2023, whereas the target price for the stock was revised from $60 to $65.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PFG now has a Market Capitalization of 19.47B and an Enterprise Value of 18.76B. As of this moment, Principal’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.19, and their Forward P/E ratio for the next fiscal year is 9.87. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 1.79. Its current Enterprise Value per Revenue stands at 1.37.
Stock Price History:
Over the past 52 weeks, PFG has reached a high of $86.79, while it has fallen to a 52-week low of $65.17. The 50-Day Moving Average of the stock is 81.30, while the 200-Day Moving Average is calculated to be 76.94.
Shares Statistics:
For the past three months, PFG has traded an average of 1.17M shares per day and 952.27k over the past ten days. A total of 236.44M shares are outstanding, with a floating share count of 234.34M. Insiders hold about 0.65% of the company’s shares, while institutions hold 72.92% stake in the company. Shares short for PFG as of Mar 28, 2024 were 2.46M with a Short Ratio of 2.94, compared to 3.13M on Feb 29, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.05% and a Short% of Float of 1.19%.
Dividends & Splits
According to the company, the forward annual dividend rate for PFG is 2.65, from 2.60 in the trailing year. Against a Trailing Annual Dividend Yield of 3.07%, it implies a Forward Annual Dividend Yield of 3.33%. The stock’s 5-year Average Dividend Yield is 3.90.
Earnings Estimates
There are 11 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.75 for the current quarter, with a high estimate of $1.95 and a low estimate of $1.61, while EPS last year was $1.48. The consensus estimate for the next quarter is $1.9, with high estimates of $2.01 and low estimates of $1.78.
Analysts are recommending an EPS of between $7.95 and $7.45 for the fiscal current year, implying an average EPS of $7.61. EPS for the following year is $8.42, with 11 analysts recommending between $8.7 and $8.3.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $3.69B this quarter.It ranges from a high estimate of $3.74B to a low estimate of $3.65B. As of the current estimate, Principal Financial Group Inc’s year-ago sales were $3.18B, an estimated increase of 15.80% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.79B, an increase of 8.20% less than the figure of $15.80% in the same quarter last year. There is a high estimate of $3.83B for the next quarter, whereas the lowest estimate is $3.7B.
A total of 5 analysts have provided revenue estimates for PFG’s current fiscal year. The highest revenue estimate was $16.02B, while the lowest revenue estimate was $15.16B, resulting in an average revenue estimate of $15.48B. In the same quarter a year ago, actual revenue was $14.66B, up 5.60% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $16.34B in the next fiscal year. The high estimate is $16.98B and the low estimate is $15.85B. The average revenue growth estimate for next year is up 5.60% from the average revenue estimate for this year.
