Metlife Inc Forecasted to Earn Q3 2018 Earnings of $1.28 Per Share (MET)

Metlife Inc (NYSE:MET) – Investment analysts at Langen Mcalenn upped their Q3 2018 EPS estimates for Metlife in a research report issued on Friday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $1.28 per share for the quarter, up from their prior estimate of $1.26. Langen Mcalenn also issued estimates for Metlife’s Q4 2018 earnings at $1.34 EPS, Q1 2019 earnings at $1.35 EPS, Q2 2019 earnings at $1.29 EPS, Q3 2019 earnings at $1.38 EPS, Q4 2019 earnings at $1.45 EPS and FY2019 earnings at $5.45 EPS.

Metlife (NYSE:MET) last issued its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). Metlife had a return on equity of 8.62% and a net margin of 5.69%. The company had revenue of $15.79 billion for the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter last year, the business earned $1.28 earnings per share.

Other equities research analysts also recently issued reports about the company. Argus lifted their target price on Metlife from $55.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, November 6th. ValuEngine downgraded Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research upgraded Metlife from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Thursday, November 9th. Wells Fargo & Co set a $62.00 target price on Metlife and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Goldman Sachs Group reiterated a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $57.77.

Shares of Metlife (MET) traded up $0.46 on Monday, hitting $47.35. The stock had a trading volume of 547,898 shares, compared to its average volume of 8,046,118. The company has a market capitalization of $48,645.52, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 1.05 and a beta of 1.31. The company has a quick ratio of 0.16, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. Metlife has a 52 week low of $43.38 and a 52 week high of $55.91.

Institutional investors have recently made changes to their positions in the business. BlackRock Inc. raised its stake in shares of Metlife by 1.5% in the fourth quarter. BlackRock Inc. now owns 73,196,079 shares of the financial services provider’s stock valued at $3,700,792,000 after buying an additional 1,097,982 shares during the period. Geode Capital Management LLC raised its holdings in Metlife by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 10,504,468 shares of the financial services provider’s stock valued at $529,964,000 after acquiring an additional 174,242 shares during the last quarter. Epoch Investment Partners Inc. raised its holdings in Metlife by 208.5% in the 3rd quarter. Epoch Investment Partners Inc. now owns 10,291,110 shares of the financial services provider’s stock valued at $534,623,000 after acquiring an additional 6,954,917 shares during the last quarter. American Century Companies Inc. raised its holdings in Metlife by 10.3% in the 4th quarter. American Century Companies Inc. now owns 6,625,997 shares of the financial services provider’s stock valued at $335,010,000 after acquiring an additional 619,487 shares during the last quarter. Finally, TD Asset Management Inc. raised its holdings in Metlife by 20.5% in the 3rd quarter. TD Asset Management Inc. now owns 6,268,938 shares of the financial services provider’s stock valued at $325,671,000 after acquiring an additional 1,067,700 shares during the last quarter. 76.25% of the stock is owned by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 3.38%. Metlife’s dividend payout ratio (DPR) is presently 46.92%.

TRADEMARK VIOLATION WARNING: This news story was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and reposted in violation of US and international trademark & copyright laws. The original version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/21/metlife-inc-forecasted-to-earn-q3-2018-earnings-of-1-28-per-share-met.html.

Metlife Company Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Earnings History and Estimates for Metlife (NYSE:MET)

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

Leave a Reply