Brighthouse Financial (BHF) to Release Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF) will announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.01 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.91). Brighthouse Financial had a negative net margin of 27.01% and a positive return on equity of 20.71%. The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $2.13 billion. During the same period in the previous year, the firm 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 Up 1.0 %

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

Insider Buying and Selling at Brighthouse Financial

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a research note on Friday, April 5th. Keefe, Bruyette & Woods reiterated an “underperform” rating and set a $50.00 price target on shares of Brighthouse Financial in a research note on Friday, February 16th. Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 23rd. Finally, Wells Fargo & Company upped their target price on Brighthouse Financial from $49.00 to $51.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 11th. Three analysts have rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $51.14.

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.