Brighthouse Financial (NASDAQ:BHF) is scheduled to issue its Q3 quarterly earnings data after the market closes on Monday, November 5th. Analysts expect the company to announce earnings of $2.19 per share for the quarter.
Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Monday, August 6th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.69). The firm had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.05 billion. Brighthouse Financial had a positive return on equity of 5.58% and a negative net margin of 7.88%. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, analysts expect Brighthouse Financial to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.
Brighthouse Financial stock opened at $40.92 on Friday. The firm has a market capitalization of $4.90 billion, a PE ratio of 6.34, a PEG ratio of 0.52 and a beta of 1.56. Brighthouse Financial has a fifty-two week low of $37.68 and a fifty-two week high of $67.55. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 0.27.
BHF has been the topic of several research analyst reports. Morgan Stanley decreased their price target on shares of Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 11th. BidaskClub raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Credit Suisse Group raised shares of Brighthouse Financial from an “underperform” rating to a “neutral” rating and set a $35.00 price target on the stock in a report on Wednesday, August 15th. They noted that the move was a valuation call. Bank of America reaffirmed a “neutral” rating and issued a $47.00 price target on shares of Brighthouse Financial in a report on Wednesday, October 3rd. Finally, B. Riley cut their target price on shares of Brighthouse Financial from $59.00 to $49.00 and set a “neutral” rating for the company in a research report on Monday, July 16th. Four research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $56.43.
About Brighthouse Financial
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.
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