MetLife, Inc. (NYSE:MET) announced its earnings results on Wednesday. The financial services provider reported $1.09 EPS for the quarter, topping the consensus estimate of $0.90 by $0.19, Bloomberg Earnings reports. The business had revenue of $16.10 billion during the quarter, compared to the consensus estimate of $15.47 billion. MetLife had a net margin of 0.30% and a return on equity of 8.51%. MetLife’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.28 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 13th. Investors of record on Monday, November 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Friday, November 3rd. MetLife’s dividend payout ratio is 1,777.98%.

TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is owned by of American Banking News. If you are viewing this piece of content on another site, it was stolen and reposted in violation of US and international copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/01/metlife-inc-met-releases-quarterly-earnings-results-misses-expectations-by-0-26-eps.html.

A number of research firms have issued reports on MET. Royal Bank Of Canada reissued a “buy” rating and issued a $56.00 price objective on shares of MetLife in a report on Wednesday, September 6th. Citigroup Inc. set a $51.00 price objective on shares of MetLife and gave the company a “sell” rating in a report on Friday, July 7th. UBS AG reissued a “neutral” rating and issued a $49.00 price objective (down previously from $57.00) on shares of MetLife in a report on Friday, September 1st. ValuEngine downgraded shares of MetLife from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 26th. Finally, J P Morgan Chase & Co began coverage on shares of MetLife in a report on Monday, July 24th. They issued a “hold” rating and a $78.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. MetLife 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.

Earnings History for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with MarketBeat.com's FREE daily email newsletter.