$2.26 Earnings Per Share Expected for Brighthouse Financial Inc (NASDAQ:BHF) This Quarter

Equities analysts expect Brighthouse Financial Inc (NASDAQ:BHF) to post earnings per share (EPS) of $2.26 for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Brighthouse Financial’s earnings. The lowest EPS estimate is $2.16 and the highest is $2.31. Brighthouse Financial posted earnings of $1.27 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 78%. The company is scheduled to report its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that Brighthouse Financial will report full-year earnings of $8.96 per share for the current fiscal year, with EPS estimates ranging from $8.75 to $9.15. For the next fiscal year, analysts anticipate that the firm will report earnings of $10.04 per share, with EPS estimates ranging from $9.70 to $10.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Brighthouse Financial.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Monday, May 6th. The company reported $1.98 EPS for the quarter, missing analysts’ consensus estimates of $2.12 by ($0.14). Brighthouse Financial had a net margin of 2.49% and a return on equity of 6.01%. The firm had revenue of $2.01 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $2.36 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis.

A number of analysts have commented on BHF shares. Sandler O’Neill lowered Brighthouse Financial from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $43.00 to $42.00 in a report on Thursday, March 7th. BidaskClub lowered Brighthouse Financial from a “hold” rating to a “sell” rating in a report on Friday, March 1st. TheStreet raised Brighthouse Financial from a “d+” rating to a “c-” rating in a report on Thursday, April 25th. Zacks Investment Research raised Brighthouse Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a report on Wednesday, May 8th. Finally, Citigroup lowered Brighthouse Financial from a “neutral” rating to a “sell” rating and reduced their target price for the company from $39.00 to $35.00 in a report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a buy rating to the company’s stock. Brighthouse Financial has an average rating of “Hold” and an average target price of $47.27.

Brighthouse Financial stock traded down $0.14 during midday trading on Friday, reaching $38.28. The stock had a trading volume of 21,536 shares, compared to its average volume of 1,096,968. Brighthouse Financial has a 12 month low of $28.52 and a 12 month high of $47.90. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 5.16, a PEG ratio of 0.38 and a beta of 2.16. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.52 and a quick ratio of 0.52.

In related news, Director C Edward Chaplin bought 2,700 shares of the company’s stock in a transaction on Monday, May 13th. The shares were purchased at an average price of $36.50 per share, for a total transaction of $98,550.00. Following the completion of the transaction, the director now directly owns 6,939 shares in the company, valued at approximately $253,273.50. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.01% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. ETF Managers Group LLC increased its holdings in shares of Brighthouse Financial by 9.9% in the first quarter. ETF Managers Group LLC now owns 2,785 shares of the company’s stock worth $101,000 after purchasing an additional 250 shares during the period. AGF Investments America Inc. increased its holdings in shares of Brighthouse Financial by 7.2% in the first quarter. AGF Investments America Inc. now owns 4,075 shares of the company’s stock worth $148,000 after purchasing an additional 272 shares during the period. Oppenheimer Asset Management Inc. increased its holdings in shares of Brighthouse Financial by 6.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 5,273 shares of the company’s stock worth $160,000 after purchasing an additional 337 shares during the period. Bessemer Group Inc. increased its holdings in shares of Brighthouse Financial by 68.3% in the fourth quarter. Bessemer Group Inc. now owns 865 shares of the company’s stock worth $27,000 after purchasing an additional 351 shares during the period. Finally, Utah Retirement Systems increased its holdings in shares of Brighthouse Financial by 1.6% in the first quarter. Utah Retirement Systems now owns 22,625 shares of the company’s stock worth $821,000 after purchasing an additional 351 shares during the period. Hedge funds and other institutional investors own 88.96% of the company’s stock.

About Brighthouse Financial

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment 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.

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