MetLife, Inc. (MET) Scheduled to Post Quarterly Earnings on Tuesday
MetLife, Inc. (NYSE:MET) is scheduled to announce its earnings results after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $1.35 per share for the quarter.
MetLife (NYSE:MET) last issued its earnings results on Wednesday, August 2nd. The financial services provider reported $1.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.02. The business had revenue of $17.39 billion for 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 firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 earnings per share. On average, analysts expect MetLife to post $4.21 EPS for the current fiscal year and $4.73 EPS for the next fiscal year.
MetLife, Inc. (NYSE MET) opened at 53.44 on Tuesday. MetLife, Inc. has a one year low of $40.53 and a one year high of $53.65. The company’s 50-day moving average is $50.93 and its 200-day moving average is $48.18. The firm has a market capitalization of $56.80 billion, a P/E ratio of 628.71 and a beta of 1.47.
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MET has been the subject of a number of analyst reports. ValuEngine raised MetLife from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $56.00 price target on shares of MetLife in a research report on Wednesday, September 6th. Citigroup Inc. set a $51.00 price target on MetLife and gave the company a “sell” rating in a research report on Friday, July 7th. UBS AG reissued a “neutral” rating and issued a $49.00 price target (down from $57.00) on shares of MetLife in a research report on Friday, September 1st. Finally, BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $57.62.
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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