Research Analysts Set Expectations for Brighthouse Financial Inc’s Q3 2017 Earnings (BHF)

Brighthouse Financial Inc (NYSE:BHF) – Analysts at FBR & Co boosted their Q3 2017 earnings per share (EPS) estimates for shares of Brighthouse Financial in a research note issued to investors on Tuesday. FBR & Co analyst R. Binner now expects that the company will post earnings per share of $2.04 for the quarter, up from their prior forecast of $1.80. FBR & Co has a “Market Perform” rating and a $72.00 price target on the stock. FBR & Co also issued estimates for Brighthouse Financial’s FY2018 earnings at $8.70 EPS.

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Several other analysts have also recently commented on the company. J P Morgan Chase & Co initiated coverage on Brighthouse Financial in a research report on Monday, July 24th. They issued a “neutral” rating and a $78.00 target price on the stock. Sandler O’Neill initiated coverage on Brighthouse Financial in a research report on Tuesday, September 5th. They issued a “hold” rating and a $60.00 target price on the stock. Argus initiated coverage on Brighthouse Financial in a research report on Thursday, September 21st. They issued a “hold” rating on the stock. Credit Suisse Group initiated coverage on Brighthouse Financial in a research report on Monday, August 7th. They issued a “neutral” rating and a $71.00 target price on the stock. Finally, Barclays PLC initiated coverage on Brighthouse Financial in a research report on Tuesday, August 8th. They issued an “overweight” rating and a $72.00 target price on the stock. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $69.45.

Brighthouse Financial (NYSE BHF) opened at 60.43 on Wednesday. Brighthouse Financial has a one year low of $52.75 and a one year high of $75.00. The company’s 50-day moving average price is $57.70 and its 200-day moving average price is $55.84.

In other news, Director C Edward Chaplin purchased 2,000 shares of the stock in a transaction dated Wednesday, September 13th. The shares were bought at an average cost of $55.03 per share, for a total transaction of $110,060.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $110,060. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

About Brighthouse Financial

Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.

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