MetLife, Inc. (NYSE:MET) to Post Q1 2018 Earnings of $1.43 Per Share, Langen Mcalenn Forecasts
MetLife, Inc. (NYSE:MET) – Research analysts at Langen Mcalenn dropped their Q1 2018 EPS estimates for shares of MetLife in a report issued on Monday. Langen Mcalenn analyst L. Greenberg now expects that the financial services provider will post earnings per share of $1.43 for the quarter, down from their prior estimate of $1.44.
A number of other analysts also recently weighed in on MET. Zacks Investment Research raised shares of MetLife from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a report on Tuesday, April 11th. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a report on Tuesday, April 18th. TheStreet downgraded shares of MetLife from a “b-” rating to a “c” rating in a report on Tuesday, May 16th. FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $54.00 to $58.00 in a report on Thursday, May 25th. Finally, BidaskClub raised shares of MetLife from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $59.10.
Shares of MetLife (NYSE MET) traded down 1.528% during midday trading on Wednesday, hitting $48.025. 2,289,920 shares of the company were exchanged. The stock’s 50-day moving average is $54.67 and its 200-day moving average is $53.10. MetLife has a one year low of $39.50 and a one year high of $58.09. The stock has a market cap of $52.22 billion, a PE ratio of 539.607 and a beta of 1.46.
MetLife (NYSE:MET) last released its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.02. The company had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 EPS.
Several large investors have recently made changes to their positions in MET. Signature Estate & Investment Advisors LLC purchased a new stake in shares of MetLife during the first quarter worth about $107,000. First Personal Financial Services boosted its stake in shares of MetLife by 11.5% in the first quarter. First Personal Financial Services now owns 2,588 shares of the financial services provider’s stock worth $137,000 after buying an additional 266 shares during the period. Westside Investment Management Inc. boosted its stake in shares of MetLife by 583.8% in the first quarter. Westside Investment Management Inc. now owns 2,694 shares of the financial services provider’s stock worth $140,000 after buying an additional 2,300 shares during the period. Parallel Advisors LLC boosted its stake in shares of MetLife by 50.7% in the first quarter. Parallel Advisors LLC now owns 2,748 shares of the financial services provider’s stock worth $143,000 after buying an additional 924 shares during the period. Finally, First Mercantile Trust Co. purchased a new stake in shares of MetLife during the first quarter worth about $149,000. Institutional investors and hedge funds own 74.83% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.28%. The ex-dividend date is Thursday, August 3rd. MetLife’s dividend payout ratio (DPR) is currently 1,777.98%.
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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