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Principal Financial Group, Inc. (NYSE:PFG) Expected to Post Quarterly Sales of $3.23 Billion

Equity analysts expect Principal Financial Group, Inc. (NYSE:PFG – Get Rating) to report sales of $3.23 billion for the current quarter, reports Zacks Investment Research. Four analysts have released earnings estimates for Principal Financial Group, with estimates ranging from $2.88 billion to $3.51 billion. Principal Financial Group reported sales of $3.61 billion in the same quarter last year, suggesting a negative year-over-year growth rate of 10.5%. The company is expected to announce its next quarterly earnings report after the market closes on Monday, January 1.

On average, analysts expect Principal Financial Group to report annual sales of $12.94 billion in the current fiscal year, with estimates ranging from $11.93 billion to $13.52 billion. . For the next fiscal year, analysts expect the company to record sales of $13.02 billion, with estimates ranging from $11.92 billion to $13.93 billion. Zacks sales averages are an average average based on a survey of research analysts who provide coverage for Principal Financial Group.

Principal Financial Group (NYSE:PFG – Get Rating) last reported quarterly earnings data on Thursday, April 28. The company reported EPS of $1.63 for the quarter, beating consensus analyst estimates of $1.51 by $0.12. The company posted revenue of $3.27 billion in the quarter, versus a consensus estimate of $3.67 billion.

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Separately, StockNews.com took over coverage of Principal Financial Group stocks in a Thursday, March 31 research report. They issued a “hold” rating for the company.

Shares of PFG opened at $70.88 on Friday. The company has a 50-day moving average price of $71.81. Principal Financial Group has a one-year low of $58.66 and a one-year high of $80.36.

About Principal Financial Group (Get a rating)

Principal Financial Group, Inc provides retirement, asset management and insurance products and services to corporate, individual and institutional clients worldwide. The Company operates through Retirement and Income Solutions, Principal Global Investors, Principal International and US Insurance Solutions segments.

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