Metlife (MET) Releases Earnings Results, Misses Expectations By $0.41 EPS

Metlife (NYSE:MET) released its quarterly earnings results on Tuesday. The financial services provider reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.05 by ($0.41), Bloomberg Earnings reports. Metlife had a net margin of 5.69% and a return on equity of 8.40%. The firm had revenue of $15.79 billion during the quarter, compared to the consensus estimate of $15.89 billion. During the same quarter in the prior year, the business posted $1.28 earnings per share.

Shares of Metlife (MET) opened at $47.19 on Thursday. The company has a market cap of $47,563.91, a P/E ratio of 13.78, a P/E/G ratio of 1.01 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.16 and a quick ratio of 0.16. Metlife has a 12 month low of $43.38 and a 12 month high of $55.91.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Friday, February 2nd. Metlife’s dividend payout ratio (DPR) is presently 46.92%.

A number of analysts have recently weighed in on MET shares. Wells Fargo & Co lowered their price target on shares of Metlife from $61.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, January 30th. Deutsche Bank started coverage on shares of Metlife in a report on Tuesday, January 2nd. They issued a “hold” rating and a $55.00 price target on the stock. Zacks Investment Research upgraded shares of Metlife from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Thursday, November 9th. ValuEngine cut shares of Metlife from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Sandler O’Neill cut shares of Metlife from a “buy” rating to a “hold” rating in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the stock. Metlife has a consensus rating of “Hold” and an average target price 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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