Brighthouse Financial (BHF) to Release Quarterly Earnings on Monday

Brighthouse Financial (NASDAQ:BHF – Get Rating) is scheduled to announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of $3.27 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF – Get Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported $5.18 EPS for the quarter, beating the consensus estimate of $3.46 by $1.72. Brighthouse Financial had a positive return on equity of 11.70% and a negative net margin of 1.51%. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the company posted $3.03 earnings per share. On average, analysts expect Brighthouse Financial to post $14 EPS for the current fiscal year and $15 EPS for the next fiscal year.

NASDAQ:BHF opened at $51.36 on Monday. The business’s 50-day moving average is $51.22 and its two-hundred day moving average is $52.63. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.53 and a quick ratio of 0.53. Brighthouse Financial has a 12 month low of $40.03 and a 12 month high of $62.33. The firm has a market capitalization of $3.94 billion, a PE ratio of -25.68 and a beta of 1.47.

BHF has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Brighthouse Financial from a “buy” rating to a “sell” rating and set a $46.00 price target for the company. in a report on Wednesday, March 9th. Wolfe Research initiated coverage on Brighthouse Financial in a report on Friday, January 21st. They issued an “outperform” rating and a $79.00 price target for the company. Barclays lowered their price target on Brighthouse Financial from $61.00 to $55.00 and set an “equal weight” rating for the company in a report on Tuesday, April 12th. The Goldman Sachs Group boosted their price target on Brighthouse Financial from $55.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, April 5th. Finally, Morgan Stanley lowered their price objective on Brighthouse Financial from $65.00 to $64.00 and set an “equal weight” rating for the company in a research note on Friday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $58.20.

Several large investors have recently bought and sold shares of BHF. Privium Fund Management UK Ltd acquired a new position in shares of Brighthouse Financial in the fourth quarter worth about $250,000. Marshall Wace LLP acquired a new position in shares of Brighthouse Financial in the fourth quarter worth about $292,000. LPL Financial LLC boosted its holdings in shares of Brighthouse Financial by 7.7% in the fourth quarter. LPL Financial LLC now owns 5,863 shares of the company’s stock worth $304,000 after buying an additional 417 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Brighthouse Financial by 2.4% in the fourth quarter. Mackenzie Financial Corp now owns 12,540 shares of the company’s stock worth $650,000 after buying an additional 290 shares during the period. Finally, Metropolitan Life Insurance Co NY boosted its holdings in shares of Brighthouse Financial by 5.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 14,272 shares of the company’s stock worth $739,000 after buying an additional 751 shares during the period. Institutional investors own 80.65% of the company’s stock.

Brighthouse Financial Company Profile (Get Rating)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment offers variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

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