Principal Financial Group Inc (NASDAQ: PFG) has reported earnings for its second fiscal quarter (ending June 30) of $1.51 versus $1.60 for the same period a year ago — a decline of -6%. Relative to the consensus estimate of $1.88, this was a shortfall of $-0.37. E.P.S. were $5.28 for the latest four quarters through June 30 versus $6.26 for the same period a year ago — a decline of -16%.
Recent Price Action
On 7/25/24, Principal Financial Group Inc (NASDAQ: PFG) stock rose modestly by 0.8%, closing at $84.42. Moreover, above average trading volume at 141% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months but has declined -3.5% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, PFG is expected to continue to be a major Value Builder.
Principal Financial Group has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Principal Financial Group has a neutral Appreciation Score of 45 but a good Power Rating of 74, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment