Brighthouse Financial (BHF) Scheduled to Post Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.01 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.91). The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $2.13 billion. Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. During the same quarter last year, the company posted $3.51 earnings per share. On average, analysts expect Brighthouse Financial to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $48.99 on Friday. The firm has a 50-day moving average price of $48.44 and a two-hundred day moving average price of $49.80. Brighthouse Financial has a 12-month low of $39.24 and a 12-month high of $56.24. The company has a market capitalization of $3.06 billion, a P/E ratio of -2.64 and a beta of 1.14. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.63.

Analysts Set New Price Targets

BHF has been the subject of several recent research reports. Morgan Stanley cut Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a research note on Friday, February 23rd. Wells Fargo & Company increased their target price on Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a report on Thursday, April 11th. Keefe, Bruyette & Woods restated an “underperform” rating and issued a $50.00 price target on shares of Brighthouse Financial in a research report on Friday, February 16th. Finally, Piper Sandler upped their price objective on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a research report on Friday, April 5th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.14.

Insider Activity

In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares of the company’s stock, valued at $18,350,324.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Vonda Huss sold 10,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the transaction, the executive vice president now directly owns 27,080 shares in the company, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.96, for a total value of $1,174,000.00. Following the sale, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Company Profile

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.