$2.09 EPS Expected for Brighthouse Financial Inc (BHF) This Quarter

Share on StockTwits

Equities research analysts expect Brighthouse Financial Inc (NASDAQ:BHF) to announce earnings of $2.09 per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Brighthouse Financial’s earnings. The highest EPS estimate is $2.15 and the lowest is $2.00. Brighthouse Financial reported earnings of $2.36 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 11.4%. The business is expected to announce its next quarterly earnings report on Monday, May 6th.

According to Zacks, analysts expect that Brighthouse Financial will report full-year earnings of $8.76 per share for the current year, with EPS estimates ranging from $8.45 to $9.10. For the next financial year, analysts forecast that the firm will post earnings of $9.76 per share, with EPS estimates ranging from $9.37 to $10.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that cover Brighthouse Financial.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, February 11th. The company reported $1.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 analysts have recently commented on the stock. Wells Fargo & Co reaffirmed a “hold” rating on shares of Brighthouse Financial in a research report on Tuesday, January 8th. Sandler O’Neill upgraded Brighthouse Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, January 2nd. Zacks Investment Research cut Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Monday, January 21st. Bank of America lowered their price objective on Brighthouse Financial from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 6th. Finally, Morgan Stanley lowered their price objective on Brighthouse Financial from $58.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 6th. Four equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. Brighthouse Financial currently has a consensus rating of “Hold” and a consensus price target of $53.27.

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC raised its stake in Brighthouse Financial by 73.1% during the 2nd quarter. Millennium Management LLC now owns 60,553 shares of the company’s stock valued at $2,426,000 after purchasing an additional 25,576 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Brighthouse Financial by 30.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 30,927 shares of the company’s stock valued at $1,367,000 after acquiring an additional 7,140 shares during the period. Sumitomo Mitsui Asset Management Company LTD acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at approximately $292,000. State of New Jersey Common Pension Fund D acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at approximately $37,343,000. Finally, First Hawaiian Bank acquired a new stake in shares of Brighthouse Financial during the 3rd quarter valued at approximately $142,000. Institutional investors own 91.34% of the company’s stock.

NASDAQ BHF traded up $0.76 during trading hours on Thursday, reaching $42.71. The company’s stock had a trading volume of 76,185 shares, compared to its average volume of 1,141,877. The firm has a market cap of $4.98 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 0.34 and a beta of 2.13. Brighthouse Financial has a 52 week low of $28.52 and a 52 week high of $59.01. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.51 and a quick ratio of 0.46.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

Further Reading: Net Income

Get a free copy of the Zacks research report on Brighthouse Financial (BHF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

NAHL Group’s  Corporate Rating Reiterated at FinnCap
NAHL Group’s Corporate Rating Reiterated at FinnCap
Secure Income REIT  PT Raised to GBX 457 at Goldman Sachs Group
Secure Income REIT PT Raised to GBX 457 at Goldman Sachs Group
Berenberg Bank Analysts Give Vodafone Group  a GBX 243 Price Target
Berenberg Bank Analysts Give Vodafone Group a GBX 243 Price Target
Contrasting Pluralsight  & Its Peers
Contrasting Pluralsight & Its Peers
Analyzing Brookfield Property Partners  and MDJM
Analyzing Brookfield Property Partners and MDJM
Reviewing Skylark  and Kona Grill
Reviewing Skylark and Kona Grill


Leave a Reply

 
© 2006-2019 Zolmax.