Brighthouse Financial (BHF) Expected to Announce Quarterly Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Brighthouse Financial to post earnings of $4.56 per share and revenue of $2.24 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same period last year, the business earned $4.18 EPS. On average, analysts expect Brighthouse Financial to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Stock Performance

Shares of NASDAQ BHF opened at $59.96 on Monday. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $64.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56. The company has a market cap of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10. The business’s 50 day moving average is $51.03 and its two-hundred day moving average is $48.11.

Insiders Place Their Bets

In related news, EVP John Rosenthal sold 10,000 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $61.00, for a total transaction of $610,000.00. Following the transaction, the executive vice president now owns 66,262 shares in the company, valued at $4,041,982. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total transaction of $434,280.00. Following the sale, the executive vice president now directly owns 33,407 shares in the company, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Barclays upgraded shares of Brighthouse Financial from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price objective on shares of Brighthouse Financial from $42.00 to $41.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. decreased their target price on Brighthouse Financial from $59.00 to $56.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 7th. Jefferies Financial Group cut Brighthouse Financial from a “buy” rating to a “hold” rating and set a $64.00 price target for the company. in a report on Monday, February 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Brighthouse Financial from $48.00 to $60.00 and gave the stock a “market perform” rating in a report on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $57.75.

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.