Brighthouse Financial (BHF) Set to Announce Earnings on Thursday

Brighthouse Financial (NASDAQ:BHF) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $4.48 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Wednesday, August 7th. The company reported $5.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.36 by $1.21. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. Brighthouse Financial’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.13 earnings per share. On average, analysts expect Brighthouse Financial to post $19 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Stock Down 0.6 %

Shares of BHF opened at $47.46 on Tuesday. The firm has a market cap of $2.88 billion, a P/E ratio of -2.98 and a beta of 1.05. The stock has a 50 day simple moving average of $45.40 and a two-hundred day simple moving average of $45.36. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $56.24.

Insider Activity at Brighthouse Financial

In related news, CFO Edward A. Spehar sold 7,125 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total transaction of $297,397.50. Following the completion of the transaction, the chief financial officer now owns 37,640 shares in the company, valued at $1,571,093.60. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $46.04, for a total value of $196,360.60. Following the completion of the transaction, the executive vice president now owns 86,262 shares in the company, valued at approximately $3,971,502.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $41.74, for a total value of $297,397.50. Following the completion of the transaction, the chief financial officer now owns 37,640 shares of the company’s stock, valued at approximately $1,571,093.60. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,390 shares of company stock worth $1,861,608 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BHF has been the subject of several recent research reports. Piper Sandler boosted their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Barclays initiated coverage on Brighthouse Financial in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 price objective for the company. Jefferies Financial Group boosted their price objective on Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lowered their price objective on Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating for the company in a research report on Wednesday, August 14th. Finally, Evercore ISI lowered their price objective on Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $50.63.

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 consists of 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.