Brighthouse Financial (BHF) Set to Announce Quarterly Earnings on Monday

Brighthouse Financial (NASDAQ:BHF) is scheduled to be releasing its earnings data after the market closes on Monday, August 5th. Analysts expect Brighthouse Financial to post earnings of $2.25 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 posted its quarterly earnings results on Monday, May 6th. The company reported $1.98 EPS for the quarter, missing the consensus estimate of $2.12 by ($0.14). The business had revenue of $2.01 billion during the quarter, compared to analysts’ expectations of $1.98 billion. Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $2.36 EPS. On average, analysts expect Brighthouse Financial to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

BHF opened at $34.60 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.54 billion, a PE ratio of 4.65, a price-to-earnings-growth ratio of 0.38 and a beta of 2.04. The company has a 50-day simple moving average of $37.59. Brighthouse Financial has a 12 month low of $28.52 and a 12 month high of $47.33.

Several research firms have commented on BHF. Zacks Investment Research cut Brighthouse Financial from a “buy” rating to a “hold” rating in a report on Tuesday, May 21st. Morgan Stanley lowered their price target on Brighthouse Financial from $46.00 to $43.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. BidaskClub upgraded Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Tuesday, July 16th. TheStreet upgraded Brighthouse Financial from a “d+” rating to a “c-” rating in a report on Thursday, April 25th. Finally, Wells Fargo & Co restated a “hold” rating and issued a $45.00 price target on shares of Brighthouse Financial in a report on Tuesday, May 7th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $41.00.

In related news, Director Margaret M. Mccarthy purchased 2,941 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of $34.08 per share, with a total value of $100,229.28. Following the transaction, the director now owns 4,423 shares of the company’s stock, valued at approximately $150,735.84. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director C Edward Chaplin purchased 2,700 shares of Brighthouse Financial stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $36.50 per share, for a total transaction of $98,550.00. Following the completion of the transaction, the director now directly owns 6,939 shares in the company, valued at approximately $253,273.50. The disclosure for this purchase can be found here. Insiders own 0.23% 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 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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Earnings History for Brighthouse Financial (NASDAQ:BHF)

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