Brighthouse Financial (BHF) Set to Announce Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF) is set to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.01 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.83 by ($0.91). Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the business earned $3.51 earnings per share. On average, analysts expect Brighthouse Financial to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Price Performance

Shares of BHF stock opened at $48.67 on Tuesday. The company has a market cap of $3.04 billion, a P/E ratio of -2.63 and a beta of 1.16. Brighthouse Financial has a 1-year low of $39.24 and a 1-year high of $56.24. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.80 and a quick ratio of 0.80. The stock’s 50-day moving average is $48.37 and its 200 day moving average is $49.81.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $50.00 price target on shares of Brighthouse Financial in a report on Friday, February 16th. Wells Fargo & Company increased their price objective on Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 target price for the company. in a report on Friday, February 23rd. Finally, Piper Sandler increased their price target on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Three equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.14.

Insider Transactions at Brighthouse Financial

In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,080 shares of the company’s stock, valued at $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Brighthouse Financial news, EVP Vonda Huss sold 10,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now owns 27,080 shares of the company’s stock, valued at $1,268,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at $18,350,324.40. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Brighthouse Financial Company Profile

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 consists of 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.