Brighthouse Financial (NASDAQ:BHF) Issues Earnings Results

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

Brighthouse Financial Price Performance

BHF stock traded up $1.50 on Friday, reaching $42.60. 1,813,874 shares of the company’s stock were exchanged, compared to its average volume of 790,602. Brighthouse Financial has a twelve month low of $41.01 and a twelve month high of $66.80. The firm has a market cap of $2.45 billion, a PE ratio of 4.32, a P/E/G ratio of 0.58 and a beta of 0.81. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $48.80 and a 200-day moving average of $58.53.

Analyst Upgrades and Downgrades

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