Brighthouse Financial (BHF) Issues Earnings Results

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Brighthouse Financial (NASDAQ:BHF) announced its earnings results on Monday. The company reported $2.23 earnings per share for the quarter, beating analysts’ consensus estimates of $2.19 by $0.04, Fidelity Earnings reports. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $2.05 billion. Brighthouse Financial had a negative net margin of 7.88% and a positive return on equity of 5.58%. During the same period in the previous year, the business earned $3.31 EPS.

Shares of Brighthouse Financial stock opened at $44.03 on Wednesday. The firm has a market capitalization of $4.90 billion, a P/E ratio of 6.34, a PEG ratio of 0.52 and a beta of 1.56. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.27. Brighthouse Financial has a fifty-two week low of $37.68 and a fifty-two week high of $67.55.

A number of equities research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Bank of America reissued a “neutral” rating and set a $47.00 price objective on shares of Brighthouse Financial in a research report on Wednesday, October 3rd. Morgan Stanley cut their price objective on shares of Brighthouse Financial from $60.00 to $58.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 11th. BidaskClub raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research report on Saturday, October 6th. Finally, Wells Fargo & Co set a $50.00 price objective on shares of Brighthouse Financial and gave the company a “hold” rating in a research report on Monday. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Brighthouse Financial has a consensus rating of “Hold” and a consensus target price of $56.07.

Institutional investors have recently modified their holdings of the stock. First Hawaiian Bank bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $142,000. Hexavest Inc. bought a new position in shares of Brighthouse Financial during the 2nd quarter valued at about $158,000. Daiwa Securities Group Inc. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $164,000. Whittier Trust Co. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $176,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Brighthouse Financial during the 3rd quarter valued at about $201,000. 87.32% of the stock is owned by institutional investors.

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Brighthouse Financial Company Profile

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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Earnings History for Brighthouse Financial (NASDAQ:BHF)

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