Q3 2024 Earnings Estimate for Brighthouse Financial, Inc. (NASDAQ:BHF) Issued By Zacks Research

Brighthouse Financial, Inc. (NASDAQ:BHF) – Zacks Research lowered their Q3 2024 earnings estimates for Brighthouse Financial in a report issued on Wednesday, August 28th. Zacks Research analyst T. De now forecasts that the company will earn $4.23 per share for the quarter, down from their previous estimate of $4.37. The consensus estimate for Brighthouse Financial’s current full-year earnings is $15.01 per share. Zacks Research also issued estimates for Brighthouse Financial’s Q4 2024 earnings at $4.14 EPS, Q1 2025 earnings at $4.33 EPS, Q2 2025 earnings at $5.04 EPS, Q3 2025 earnings at $4.99 EPS, Q4 2025 earnings at $5.08 EPS, FY2025 earnings at $19.44 EPS, Q1 2026 earnings at $5.28 EPS, Q2 2026 earnings at $5.72 EPS and FY2026 earnings at $22.47 EPS.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share for the quarter, beating the consensus estimate of $4.36 by $1.21. The firm had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 38.05% and a positive return on equity of 23.49%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the company earned $4.13 earnings per share.

BHF has been the topic of several other reports. Jefferies Financial Group increased their price target on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Evercore ISI dropped their price target on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Keefe, Bruyette & Woods dropped their price target on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company lowered shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and dropped their price target for the company from $51.00 to $40.00 in a research note on Monday, August 12th. Finally, Piper Sandler dropped their price target on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Friday, June 28th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $50.00.

Brighthouse Financial Stock Up 0.3 %

Shares of NASDAQ:BHF opened at $45.70 on Friday. The firm’s 50 day moving average price is $45.29 and its 200 day moving average price is $46.32. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of -2.40 and a beta of 1.08. Brighthouse Financial has a fifty-two week low of $40.24 and a fifty-two week high of $56.24. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.74.

Insider Transactions at Brighthouse Financial

In related news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total value of $297,397.50. Following the transaction, the chief financial officer now directly owns 37,640 shares in the company, valued at approximately $1,571,093.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP John Rosenthal sold 5,000 shares of Brighthouse Financial stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $46.00, for a total value of $230,000.00. Following the transaction, the executive vice president now directly owns 96,262 shares in the company, valued at approximately $4,428,052. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $41.74, for a total transaction of $297,397.50. Following the completion of the transaction, the chief financial officer now owns 37,640 shares in the company, valued at $1,571,093.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 37,125 shares of company stock worth $1,669,148. Insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Brighthouse Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its holdings in Brighthouse Financial by 36.1% in the fourth quarter. Quadrant Capital Group LLC now owns 1,143 shares of the company’s stock valued at $60,000 after acquiring an additional 303 shares during the period. GAMMA Investing LLC acquired a new position in shares of Brighthouse Financial during the 4th quarter worth $60,000. Quarry LP acquired a new position in shares of Brighthouse Financial during the 2nd quarter worth $89,000. EntryPoint Capital LLC acquired a new position in shares of Brighthouse Financial during the 1st quarter worth $110,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Brighthouse Financial during the 1st quarter worth $169,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

About Brighthouse Financial

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.