Brighthouse Financial (BHF) Posts Quarterly Earnings Results, Misses Estimates By $1.73 EPS

Brighthouse Financial (NASDAQ:BHF) issued its quarterly earnings data on Monday. The company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.10 by ($1.73), Briefing.com reports. The business had revenue of $1.88 billion for the quarter, compared to analyst estimates of $2.01 billion. The company’s quarterly revenue was up 240.0% compared to the same quarter last year.

Shares of Brighthouse Financial (BHF) traded up $1.25 during mid-day trading on Tuesday, hitting $58.23. 1,078,500 shares of the stock were exchanged, compared to its average volume of 887,550. Brighthouse Financial has a 1 year low of $52.75 and a 1 year high of $75.00. The company has a market cap of $6,970.00 and a PE ratio of -2.48. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.26.

A number of research analysts have issued reports on BHF shares. Goldman Sachs Group started coverage on shares of Brighthouse Financial in a research report on Wednesday, October 18th. They set a “neutral” rating and a $63.00 price objective on the stock. B. Riley reissued a “neutral” rating on shares of Brighthouse Financial in a research report on Monday, November 6th. ValuEngine downgraded shares of Brighthouse Financial from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Zacks Investment Research downgraded shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Finally, JPMorgan Chase & Co. downgraded shares of Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 price objective on the stock. in a research report on Tuesday, January 2nd. Three research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $66.53.

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Brighthouse Financial Company Profile

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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