FY2022 Earnings Estimate for Brighthouse Financial, Inc. Issued By Jefferies Financial Group (NASDAQ:BHF)

Brighthouse Financial, Inc. (NASDAQ:BHFGet Rating) – Stock analysts at Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for shares of Brighthouse Financial in a report issued on Monday, November 21st. Jefferies Financial Group analyst S. Kamath now forecasts that the company will post earnings per share of $10.20 for the year, down from their prior forecast of $11.43. The consensus estimate for Brighthouse Financial’s current full-year earnings is $11.43 per share. Jefferies Financial Group also issued estimates for Brighthouse Financial’s Q4 2022 earnings at $2.73 EPS, Q2 2023 earnings at $3.41 EPS, Q3 2023 earnings at $3.52 EPS, Q4 2023 earnings at $3.66 EPS, FY2023 earnings at $13.75 EPS, FY2024 earnings at $15.30 EPS, FY2025 earnings at $16.95 EPS and FY2026 earnings at $18.85 EPS.

Brighthouse Financial (NASDAQ:BHFGet Rating) last released its quarterly earnings results on Monday, November 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.82). The firm had revenue of $1.91 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Brighthouse Financial had a return on equity of 9.50% and a net margin of 10.06%.

Other equities analysts also recently issued reports about the company. TheStreet downgraded Brighthouse Financial from a “b” rating to a “c+” rating in a research report on Monday, November 7th. Morgan Stanley boosted their price objective on Brighthouse Financial from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, November 17th. Wells Fargo & Company lowered their price objective on Brighthouse Financial from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 12th. Barclays boosted their price objective on Brighthouse Financial from $45.00 to $47.00 and gave the company an “equal weight” rating in a research report on Friday, October 14th. Finally, Evercore ISI boosted their price objective on Brighthouse Financial to $55.00 in a research report on Tuesday, November 15th. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Brighthouse Financial has a consensus rating of “Hold” and a consensus target price of $55.22.

Brighthouse Financial Price Performance

NASDAQ BHF opened at $54.68 on Thursday. The company has a market capitalization of $3.78 billion, a PE ratio of 4.78 and a beta of 1.37. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.59 and a current ratio of 0.59. The business’s fifty day moving average is $50.81 and its 200 day moving average is $47.25. Brighthouse Financial has a fifty-two week low of $38.38 and a fifty-two week high of $62.33.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Ellevest Inc. boosted its holdings in shares of Brighthouse Financial by 206.3% in the third quarter. Ellevest Inc. now owns 585 shares of the company’s stock valued at $25,000 after purchasing an additional 394 shares during the period. Lazard Asset Management LLC lifted its holdings in Brighthouse Financial by 1,414.3% during the second quarter. Lazard Asset Management LLC now owns 636 shares of the company’s stock worth $26,000 after buying an additional 594 shares during the period. IFP Advisors Inc lifted its holdings in Brighthouse Financial by 58.6% during the third quarter. IFP Advisors Inc now owns 690 shares of the company’s stock worth $52,000 after buying an additional 255 shares during the period. Quadrant Capital Group LLC increased its position in shares of Brighthouse Financial by 112.7% during the third quarter. Quadrant Capital Group LLC now owns 940 shares of the company’s stock worth $41,000 after purchasing an additional 498 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Brighthouse Financial by 62.4% during the second quarter. Fifth Third Bancorp now owns 1,135 shares of the company’s stock worth $47,000 after purchasing an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 81.38% of the company’s stock.

Brighthouse Financial Company Profile

(Get Rating)

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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Earnings History and Estimates for Brighthouse Financial (NASDAQ:BHF)

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