MetLife, Inc. (NYSE:MET) Expected to Post Q3 2017 Earnings of $1.36 Per Share
MetLife, Inc. (NYSE:MET) – Investment analysts at Langen Mcalenn dropped their Q3 2017 earnings estimates for MetLife in a report released on Wednesday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $1.36 per share for the quarter, down from their prior forecast of $1.37. Langen Mcalenn also issued estimates for MetLife’s Q1 2018 earnings at $1.44 EPS, Q2 2018 earnings at $1.44 EPS, Q3 2018 earnings at $1.54 EPS and Q4 2018 earnings at $1.54 EPS.
A number of other research analysts have also weighed in on MET. Vetr lowered MetLife from a “strong-buy” rating to a “buy” rating and set a $55.49 price objective for the company. in a research report on Monday, March 27th. Wells Fargo & Company restated a “buy” rating on shares of MetLife in a research report on Monday, March 27th. J P Morgan Chase & Co cut their price objective on MetLife from $57.00 to $54.00 and set an “overweight” rating for the company in a research report on Monday, April 3rd. TheStreet upgraded MetLife from a “c” rating to a “b-” rating in a research report on Monday, April 3rd. Finally, Zacks Investment Research upgraded MetLife from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $57.03.
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Shares of MetLife (NYSE MET) opened at 54.95 on Thursday. MetLife has a 52 week low of $38.87 and a 52 week high of $58.09. The firm has a 50 day moving average price of $53.68 and a 200 day moving average price of $53.01. The company’s market capitalization is $59.12 billion.
MetLife (NYSE:MET) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.27 by $0.19. The firm had revenue of $16.27 billion for the quarter, compared to analyst estimates of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. The business’s revenue was down 11.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Shareholders of record on Monday, August 7th will be given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.91%. MetLife’s dividend payout ratio (DPR) is currently -258.06%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Alpha Windward LLC increased its position in MetLife by 0.9% in the first quarter. Alpha Windward LLC now owns 3,297 shares of the financial services provider’s stock valued at $174,000 after buying an additional 29 shares during the period. Peoples Bank OH increased its position in MetLife by 0.5% in the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock valued at $556,000 after buying an additional 50 shares during the period. Atria Investments LLC increased its position in MetLife by 0.4% in the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock valued at $1,043,000 after buying an additional 72 shares during the period. LVM Capital Management Ltd. MI boosted its stake in shares of MetLife by 1.4% in the second quarter. LVM Capital Management Ltd. MI now owns 5,395 shares of the financial services provider’s stock valued at $296,000 after buying an additional 75 shares in the last quarter. Finally, Chemung Canal Trust Co. boosted its stake in shares of MetLife by 1.8% in the first quarter. Chemung Canal Trust Co. now owns 4,898 shares of the financial services provider’s stock valued at $259,000 after buying an additional 85 shares in the last quarter. Institutional investors and hedge funds own 74.51% of the company’s stock.
MetLife Company Profile
MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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