Brighthouse Financial Inc (BHF) Expected to Post Earnings of $2.12 Per Share

Wall Street brokerages expect Brighthouse Financial Inc (NASDAQ:BHF) to report $2.12 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have issued estimates for Brighthouse Financial’s earnings, with the lowest EPS estimate coming in at $2.09 and the highest estimate coming in at $2.20. 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 10.2%. The firm is expected to report its next earnings results after the market closes on Monday, May 6th.

On average, analysts expect that Brighthouse Financial will report full year earnings of $8.99 per share for the current fiscal year, with EPS estimates ranging from $8.85 to $9.10. For the next year, analysts expect that the firm will post earnings of $10.00 per share, with EPS estimates ranging from $9.70 to $10.35. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for 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 Zacks’ 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 firm had revenue of $4.03 billion for the quarter, compared to the consensus estimate of $2.05 billion.

Several brokerages recently commented on BHF. BidaskClub downgraded shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Monday, March 25th. UBS Group increased their price objective on shares of Brighthouse Financial from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research raised shares of Brighthouse Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Monday, April 15th. Wells Fargo & Co reissued a “hold” rating on shares of Brighthouse Financial in a research note on Thursday, February 28th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Brighthouse Financial in a research note on Monday, December 31st. Three analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. Brighthouse Financial currently has a consensus rating of “Hold” and an average price target of $47.64.

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at $54,272,000. Dimensional Fund Advisors LP acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at $36,943,000. Renaissance Technologies LLC acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at $8,848,000. LPL Financial LLC acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at $260,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Brighthouse Financial by 34.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 121,853 shares of the company’s stock valued at $5,390,000 after acquiring an additional 31,006 shares during the last quarter. 94.12% of the stock is owned by institutional investors and hedge funds.

Shares of Brighthouse Financial stock traded up $0.12 on Tuesday, reaching $41.13. 1,015,250 shares of the stock were exchanged, compared to its average volume of 1,818,277. Brighthouse Financial has a one year low of $28.52 and a one year high of $52.77. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.27. The company has a market cap of $4.78 billion, a PE ratio of 5.53, a price-to-earnings-growth ratio of 0.40 and a beta of 2.11.

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 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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