Brighthouse Financial (BHF) Set to Announce Quarterly Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF) is set to announce its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $4.01 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last issued its earnings results on Tuesday, February 13th. The company reported $2.92 EPS for the quarter, missing the consensus estimate of $3.83 by ($0.91). Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter in the prior year, the business earned $3.51 EPS. On average, analysts expect Brighthouse Financial to post $17 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Trading Down 0.1 %

Shares of BHF opened at $48.67 on Tuesday. Brighthouse Financial has a twelve month low of $39.24 and a twelve month high of $56.24. The stock has a market cap of $3.04 billion, a PE ratio of -2.63 and a beta of 1.16. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $48.37 and its 200-day moving average price is $49.81.

Wall Street Analyst Weigh In

Several research analysts have commented on BHF shares. Piper Sandler raised their price target on shares of Brighthouse Financial from $48.00 to $55.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Keefe, Bruyette & Woods restated an “underperform” rating and set a $50.00 target price on shares of Brighthouse Financial in a research report on Friday, February 16th. Wells Fargo & Company raised their price target on Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a report on Thursday, April 11th. Finally, Morgan Stanley downgraded Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target for the company. in a research report on Friday, February 23rd. Three research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $51.14.

Insiders Place Their Bets

In other news, CEO Eric T. Steigerwalt sold 25,000 shares of the company’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $46.96, for a total value of $1,174,000.00. Following the completion of the transaction, the chief executive officer now directly owns 390,765 shares in the company, valued at approximately $18,350,324.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Vonda Huss sold 10,000 shares of the company’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $46.85, for a total value of $468,500.00. Following the completion of the sale, the executive vice president now owns 27,080 shares of the company’s stock, valued at approximately $1,268,698. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction on Monday, February 26th. The stock was sold at an average price of $46.96, for a total transaction of $1,174,000.00. Following the completion of the transaction, the chief executive officer now owns 390,765 shares in the company, valued at approximately $18,350,324.40. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.