Equities Analysts Offer Predictions for MetLife, Inc.’s Q3 2017 Earnings (MET)
MetLife, Inc. (NYSE:MET) – Investment analysts at Langen Mcalenn dropped their Q3 2017 EPS estimates for shares of MetLife in a report released on Monday. Langen Mcalenn analyst L. Greenberg now forecasts that the financial services provider will post earnings of $0.86 per share for the quarter, down from their prior estimate of $1.05. Langen Mcalenn has a “Buy” rating on the stock. Langen Mcalenn also issued estimates for MetLife’s FY2017 earnings at $4.17 EPS.
Other research analysts have also issued reports about the company. Wells Fargo & Company reissued a “buy” rating on shares of MetLife in a report on Saturday, July 1st. FBR & Co lowered MetLife from a “buy” rating to a “neutral” rating and cut their price objective for the company from $53.00 to $52.00 in a report on Tuesday. ValuEngine lowered MetLife from a “strong-buy” rating to a “buy” rating in a report on Tuesday. J P Morgan Chase & Co assumed coverage on MetLife in a report on Monday, July 24th. They issued a “hold” rating and a $78.00 price objective on the stock. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $62.00 price objective on shares of MetLife in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company’s stock. MetLife has a consensus rating of “Hold” and an average target price of $57.38.
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Shares of MetLife (NYSE MET) opened at 53.14 on Wednesday. MetLife has a 1-year low of $40.30 and a 1-year high of $53.30. The company has a market capitalization of $56.48 billion, a P/E ratio of 625.18 and a beta of 1.47. The firm’s 50 day moving average price is $49.50 and its 200-day moving average price is $47.78.
MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion during the quarter, compared to the consensus estimate of $17.11 billion. MetLife had a return on equity of 8.51% and a net margin of 0.30%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS.
A number of institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. grew its holdings in MetLife by 0.7% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,505 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 38 shares during the period. Forward Management LLC grew its holdings in MetLife by 0.4% during the second quarter. Forward Management LLC now owns 9,661 shares of the financial services provider’s stock worth $531,000 after acquiring an additional 41 shares during the period. Peoples Bank OH grew its holdings in MetLife by 0.5% during the first quarter. Peoples Bank OH now owns 10,529 shares of the financial services provider’s stock worth $556,000 after acquiring an additional 50 shares during the period. Aspen Investment Management Inc grew its holdings in MetLife by 0.7% during the second quarter. Aspen Investment Management Inc now owns 7,178 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 50 shares during the period. Finally, Atria Investments LLC grew its holdings in MetLife by 0.4% during the second quarter. Atria Investments LLC now owns 18,986 shares of the financial services provider’s stock worth $1,043,000 after acquiring an additional 72 shares during the period. 74.25% of the stock is currently owned by hedge funds and other institutional investors.
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, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.
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