Equities Analysts Issue Forecasts for MetLife, Inc.’s Q3 2017 Earnings (MET)
MetLife, Inc. (NYSE:MET) – Stock analysts at Langen Mcalenn issued their Q3 2017 EPS estimates for shares of MetLife in a research note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg anticipates that the financial services provider will earn $1.09 per share for the quarter. Langen Mcalenn currently has a “Buy” rating on the stock. Langen Mcalenn also issued estimates for MetLife’s Q4 2017 earnings at $1.09 EPS, FY2017 earnings at $4.40 EPS, Q1 2018 earnings at $1.15 EPS, Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.23 EPS, Q4 2018 earnings at $1.24 EPS and FY2018 earnings at $4.75 EPS.
Several other analysts also recently issued reports on MET. Zacks Investment Research downgraded shares of MetLife from a “buy” rating to a “hold” rating in a research note on Thursday, April 20th. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a research note on Thursday, May 4th. TheStreet downgraded shares of MetLife from a “b-” rating to a “c” rating in a research note on Tuesday, May 16th. FBR & Co raised shares of MetLife from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $54.00 to $58.00 in a research note on Thursday, May 25th. Finally, BidaskClub raised shares of MetLife from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $59.17.
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Shares of MetLife (NYSE MET) opened at 46.95 on Friday. The stock’s 50 day moving average price is $48.83 and its 200 day moving average price is $51.53. MetLife has a 12-month low of $40.07 and a 12-month high of $58.09. The firm has a market cap of $49.90 billion, a PE ratio of 552.35 and a beta of 1.46.
MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.02. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business had revenue of $17.39 billion for the quarter, compared to analysts’ expectations of $17.11 billion. During the same quarter last year, the firm earned $0.83 earnings per share. The business’s revenue was up 2.5% on a year-over-year basis.
Large investors have recently modified their holdings of the company. Signature Estate & Investment Advisors LLC acquired 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, First Mercantile Trust Co. acquired a new stake in shares of MetLife during the first quarter worth about $149,000. Hedge funds and other institutional investors own 75.61% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 13th. Investors of record on Monday, August 7th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, August 3rd. MetLife’s dividend payout ratio is presently 1,777.98%.
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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