Metlife (MET) Issues Quarterly Earnings Results

Metlife (NYSE:MET) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.41), Bloomberg Earnings reports. Metlife had a negative net margin of 0.75% and a positive return on equity of 8.81%. During the same quarter in the previous year, the business earned $1.28 earnings per share.

Metlife (NYSE:MET) opened at $45.20 on Wednesday. The firm has a market cap of $46,953.58, a PE ratio of -90.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.31. Metlife has a 1 year low of $43.38 and a 1 year high of $55.91. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 13th. Shareholders of record on Monday, February 5th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, February 2nd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.54%. Metlife’s dividend payout ratio (DPR) is currently -320.00%.

Several equities research analysts have commented on the stock. Wells Fargo & Co set a $60.00 price target on shares of Metlife and gave the company a “buy” rating in a report on Tuesday. Morgan Stanley lowered their price target on shares of Metlife from $59.00 to $58.00 and set an “equal weight” rating on the stock in a report on Wednesday. ValuEngine lowered shares of Metlife from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Goldman Sachs Group reaffirmed a “buy” rating on shares of Metlife in a report on Wednesday, January 31st. Finally, B. Riley reaffirmed a “neutral” rating on shares of Metlife in a report on Monday, November 6th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. Metlife has a consensus rating of “Hold” and a consensus price target of $57.77.

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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)

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