Brighthouse Financial Inc (BHF) to Post FY2017 Earnings of $9.10 Per Share, FBR & Co Forecasts
Brighthouse Financial Inc (NYSE:BHF) – Stock analysts at FBR & Co boosted their FY2017 EPS estimates for Brighthouse Financial in a research note issued on Tuesday. FBR & Co analyst R. Binner now anticipates that the company will post earnings per share of $9.10 for the year, up from their previous forecast of $8.00. FBR & Co currently has a “Market Perform” rating and a $72.00 target price on the stock.
Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley initiated coverage on shares of Brighthouse Financial in a research report on Monday, August 14th. They issued an “equal weight” rating and a $74.00 price target on the stock. Sandler O’Neill initiated coverage on shares of Brighthouse Financial in a research report on Tuesday, September 5th. They set a “hold” rating and a $60.00 price objective on the stock. Wells Fargo & Company reiterated a “hold” rating and set a $64.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, August 15th. Argus initiated coverage on shares of Brighthouse Financial in a research report on Thursday, September 21st. They set a “hold” rating on the stock. Finally, Evercore ISI initiated coverage on shares of Brighthouse Financial in a research report on Wednesday, August 9th. They set an “in-line” rating and a $68.00 price objective on the stock. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $69.45.
Shares of Brighthouse Financial (NYSE:BHF) opened at 60.67 on Thursday. The stock has a 50 day moving average of $57.59 and a 200-day moving average of $55.77. Brighthouse Financial has a 52 week low of $52.75 and a 52 week high of $75.00.
In other news, Director C Edward Chaplin acquired 2,000 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were acquired at an average price of $55.03 per share, for a total transaction of $110,060.00. Following the completion of the transaction, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $110,060. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.
About Brighthouse Financial
Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.
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