Brighthouse Financial (NASDAQ:BHF) Announces Quarterly Earnings Results, Beats Estimates By $4.16 EPS

Brighthouse Financial (NASDAQ:BHF) announced its quarterly earnings data on Thursday. The company reported $9.12 EPS for the quarter, beating analysts’ consensus estimates of $4.96 by $4.16, FiscalAI reports. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The company had revenue of $2.10 billion during the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter last year, the firm posted $4.54 EPS.

Brighthouse Financial Stock Performance

Brighthouse Financial stock traded up $1.50 during trading on Friday, reaching $42.60. The company had a trading volume of 1,813,874 shares, compared to its average volume of 790,602. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 4.32, a price-to-earnings-growth ratio of 0.58 and a beta of 0.81. Brighthouse Financial has a 52 week low of $41.01 and a 52 week high of $66.80. The firm’s 50-day simple moving average is $48.80 and its 200 day simple moving average is $58.53. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BHF shares. JPMorgan Chase & Co. upgraded shares of Brighthouse Financial from an “underweight” rating to a “neutral” rating and lowered their price objective for the stock from $63.00 to $55.00 in a research report on Thursday, October 15th. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded shares of Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, September 10th. Finally, Keefe, Bruyette & Woods cut their price objective on Brighthouse Financial from $57.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, October 15th. Seven equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $58.33.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ:BHF) is a U.S.-focused provider of annuities and life insurance products. The company serves individuals and institutions seeking solutions for retirement income, wealth preservation, protection and legacy planning.

Its annuity offerings include fixed, variable, income and registered index-linked annuities, including the Brighthouse Shield line of products. Brighthouse also provides life insurance products designed to offer death-benefit protection and, depending on the policy, cash-value accumulation and other financial-planning features.

Brighthouse Financial was established as an independent public company in 2017 after being separated from MetLife.