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

Brighthouse Financial (NASDAQ:BHF) will release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Brighthouse Financial to post earnings of $4.01 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings results on Tuesday, February 13th. The company reported $2.92 earnings per share for the quarter, missing the consensus estimate of $3.83 by ($0.91). The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $2.13 billion. Brighthouse Financial had a positive return on equity of 20.71% and a negative net margin of 27.01%. During the same period in the previous year, the company posted $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 Price Performance

NASDAQ:BHF opened at $48.99 on Friday. Brighthouse Financial has a 52-week low of $39.24 and a 52-week high of $56.24. The stock has a fifty day moving average of $48.44 and a 200 day moving average of $49.80. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.80 and a current ratio of 0.80. The firm has a market capitalization of $3.06 billion, a price-to-earnings ratio of -2.64 and a beta of 1.14.

Analyst Upgrades and Downgrades

BHF has been the subject of a number of research analyst reports. Wells Fargo & Company lifted their price target on Brighthouse Financial from $49.00 to $51.00 and gave the company an “equal weight” rating in a research report on Thursday, April 11th. Keefe, Bruyette & Woods reissued an “underperform” rating and issued a $50.00 price target on shares of Brighthouse Financial in a research note on Friday, February 16th. Morgan Stanley lowered shares of Brighthouse Financial from an “equal weight” rating to an “underweight” rating and set a $52.00 price target on the stock. in a report on Friday, February 23rd. Finally, Piper Sandler lifted their price objective on shares of Brighthouse Financial from $48.00 to $55.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Three investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.14.

Insiders Place Their Bets

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