Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Does Principal Financial (PFG) meet the criteria?
Principal Financial Group, Inc. (NASDAQ:PFG) will hold its Q4 2024 Earnings Conference Call on February 7, 2025, at 9:00 AM ET. The call will feature company leaders, including the CEO and CFO, and will include a Q&A session after their presentations. Participants from various financial institutions will also be joining the call.
Dividends are a major advantage of being a shareholder, but identifying a good dividend stock can be challenging. Does Principal Financial (PFG) meet the criteria?
Principal Financial (PFG) reported quarterly earnings of $1.94 per share, which is slightly below the Zacks Consensus Estimate of $1.95 per share. In comparison, the company earned $1.83 per share during the same period last year.
Instead of just focusing on Wall Street's predictions for Principal Financial (PFG), it's important to examine some of its key metrics. This will help you understand the company's potential performance for the quarter that ended in December 2024.
PFG's results for the fourth quarter are expected to show an increase in fee income, improved yields, positive market trends, and greater sales of single premium group annuities.
Principal Financial is well-positioned to benefit from new business chances, positive growth predictions, good returns on capital, financial stability, and efficient use of capital.
Principal Financial has been upgraded to a buy rating because it demonstrates signs of growth that may increase its insurance premiums and fees revenue, along with favorable earnings per share forecasts. The company offers a 3% dividend yield, which is attractive compared to its competitors. Additionally, with high credit ratings from leading agencies and a low debt-to-equity ratio, the firm presents a lower risk profile.
Principal Financial Group, Inc. (NASDAQ:PFG) will hold its Q3 2024 Earnings Conference Call on October 25, 2024, at 10:00 AM ET. The call will feature several company leaders, including Daniel Houston, the Chairman and CEO, and Deanna Strable, the CFO. Humphrey Lee, the Vice President of Investor Relations, will now begin the call.
PFG's results for the third quarter show strong performance in the Retirement and Income Solution and Principal International areas, although they were affected by increased costs.