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Principal Financial (PFG)
NASDAQ:PFG
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.91Last Year’s EPS
1.65Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 06, 2025
|% Change Since: 5.47%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Principal Financial Group's strong financial performance in 2024, characterized by impressive earnings growth, strategic successes in the retirement ecosystem, and significant capital returns to shareholders. However, challenges such as FX impacts on international pension earnings, sequential AUM decline, and competitive pressures in the dental market were noted. Overall, the company's achievements and strategic positioning outweigh the challenges faced.Company Guidance
During the Principal Financial Group's Fourth Quarter 2024 Financial Results and 2025 Outlook Conference Call, the company provided comprehensive guidance for the upcoming year. Principal committed to an earnings per share growth target in the range of 9% to 12%, along with a free capital flow conversion target of 75% to 85%, and aims to expand its return on equity (ROE) towards the 14% to 16% range. The company returned $1.7 billion of capital to shareholders in 2024 and has authorized a new $1.5 billion share repurchase. While facing foreign currency impacts, Principal achieved a 3% increase in total company-managed assets under management (AUM) to $712 billion, with a year-end ROE improvement of 90 basis points. The retirement segment saw a 7% increase in recurring deposits, while specialty benefits experienced a 4% growth in average customer products. Looking to 2025, Principal is positioned to deliver on its financial targets, supported by strong capital deployment and strategic focus areas, including retirement ecosystems, small and midsized businesses, and global asset management.Strong Earnings Growth
Adjusted non-GAAP earnings per share growth in 2024 was 11%, with a strong 16% increase in the fourth quarter.
Capital Return to Shareholders
Principal returned $1.7 billion of capital to shareholders in 2024, including $1 billion via share repurchases and a 10% increase in the annual common stock dividend.
Retirement Ecosystem Strategy Success
Principal expanded its suite of target date offerings and achieved an off-platform retirement investment mandate win of nearly $1 billion.
Asset Management Growth
The largest real estate fund raised over $3.6 billion, and new institutional clients represent 36% of the fund's total commitments.
Recognition and Awards
Principal was named one of America's Most Just Companies, ranking #11 on the 2025 Just 100 list, and recognized as a Best Place to Work in Money Management for the 13th consecutive year.
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PFG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 06, 2025 | $80.00 | $82.33 | +2.91% |
| Oct 24, 2024 | $88.90 | $83.01 | -6.63% |
| Jul 25, 2024 | $82.97 | $80.13 | -3.42% |
| Apr 25, 2024 | $78.98 | $77.09 | -2.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Principal Financial (PFG) report earnings?
Principal Financial (PFG) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Principal Financial (PFG) earnings time?
Principal Financial (PFG) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PFG EPS forecast?
PFG EPS forecast for the fiscal quarter 2025 (Q1) is 1.91.
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