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
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.