MetLife (MET) to Release Earnings on Wednesday

MetLife (NYSE:MET) will release its earnings data after the market closes on Wednesday, October 30th. Analysts expect MetLife to post earnings of $2.23 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

MetLife (NYSE:MET) last posted its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 EPS for the quarter, topping the consensus estimate of $2.13 by $0.15. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The business had revenue of $17.82 billion during the quarter, compared to analysts’ expectations of $18.57 billion. During the same period in the previous year, the business earned $1.94 earnings per share. The firm’s revenue was up 7.2% on a year-over-year basis. On average, analysts expect MetLife to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

MetLife Price Performance

MetLife stock opened at $82.39 on Monday. MetLife has a 52 week low of $57.91 and a 52 week high of $86.94. The business has a 50-day simple moving average of $79.81 and a 200 day simple moving average of $74.52. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.56. The stock has a market cap of $58.59 billion, a price-to-earnings ratio of 28.31, a PEG ratio of 0.70 and a beta of 1.04.

MetLife Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Tuesday, November 5th will be issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date is Tuesday, November 5th. MetLife’s payout ratio is currently 74.91%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MET shares. Jefferies Financial Group upped their price objective on MetLife from $89.00 to $95.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Citigroup upped their price objective on MetLife from $83.00 to $89.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley cut their price objective on MetLife from $86.00 to $85.00 and set an “overweight” rating for the company in a report on Monday, August 19th. Barclays started coverage on MetLife in a report on Wednesday, September 4th. They issued an “overweight” rating and a $91.00 price objective for the company. Finally, StockNews.com cut MetLife from a “buy” rating to a “hold” rating in a report on Friday, October 4th. One research analyst has rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $88.46.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.