Brokerages Anticipate Brighthouse Financial Inc (BHF) Will Post Earnings of $2.08 Per Share

Wall Street analysts predict that Brighthouse Financial Inc (NASDAQ:BHF) will announce earnings of $2.08 per share for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Brighthouse Financial’s earnings, with the lowest EPS estimate coming in at $2.00 and the highest estimate coming in at $2.15. Brighthouse Financial reported earnings of $2.36 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 11.9%. The business is expected to issue its next earnings report on Monday, May 6th.

According to Zacks, analysts expect that Brighthouse Financial will report full year earnings of $8.87 per share for the current fiscal year, with EPS estimates ranging from $8.45 to $9.10. For the next fiscal year, analysts anticipate that the business will report earnings of $9.88 per share, with EPS estimates ranging from $9.70 to $10.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Brighthouse Financial.

Brighthouse Financial (NASDAQ:BHF) last issued its quarterly earnings results on Monday, February 11th. The company reported $1.56 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.18). Brighthouse Financial had a return on equity of 6.53% and a net margin of 9.65%. The business had revenue of $4.03 billion during the quarter, compared to analysts’ expectations of $2.05 billion.

A number of research firms have weighed in on BHF. BidaskClub lowered Brighthouse Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, December 12th. Credit Suisse Group reissued a “neutral” rating on shares of Brighthouse Financial in a research note on Monday, December 31st. Sandler O’Neill upgraded shares of Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research note on Tuesday, January 8th. Finally, Zacks Investment Research lowered shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Monday, January 21st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. Brighthouse Financial has an average rating of “Hold” and an average price target of $48.78.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CSat Investment Advisory L.P. lifted its holdings in Brighthouse Financial by 91.5% during the fourth quarter. CSat Investment Advisory L.P. now owns 2,064 shares of the company’s stock worth $63,000 after buying an additional 986 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Brighthouse Financial during the 3rd quarter worth $3,536,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Brighthouse Financial by 321.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 62,236 shares of the company’s stock worth $1,897,000 after purchasing an additional 47,476 shares during the last quarter. Supplemental Annuity Collective Trust of NJ lifted its stake in shares of Brighthouse Financial by 7.7% during the 4th quarter. Supplemental Annuity Collective Trust of NJ now owns 14,000 shares of the company’s stock worth $427,000 after purchasing an additional 1,000 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Brighthouse Financial by 34.1% during the third quarter. The Manufacturers Life Insurance Company now owns 121,853 shares of the company’s stock valued at $5,390,000 after purchasing an additional 31,006 shares in the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

BHF traded up $0.89 during trading hours on Monday, reaching $38.71. 1,569,483 shares of the company’s stock traded hands, compared to its average volume of 1,873,456. The stock has a market cap of $4.41 billion, a P/E ratio of 5.20, a PEG ratio of 0.38 and a beta of 2.12. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.27. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $52.77.

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 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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