Brighthouse Financial (BHF) Scheduled to Post Earnings on Thursday

Brighthouse Financial (NASDAQ:BHF) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $4.48 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 EPS for the quarter, topping the consensus estimate of $4.36 by $1.21. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.21 billion. Brighthouse Financial had a positive return on equity of 26.22% and a negative net margin of 22.03%. Brighthouse Financial’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $4.13 EPS. On average, analysts expect Brighthouse Financial to post $19 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Stock Performance

NASDAQ BHF opened at $47.31 on Wednesday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.85 and a quick ratio of 0.85. Brighthouse Financial has a 1-year low of $40.00 and a 1-year high of $56.24. The company has a market cap of $2.87 billion, a PE ratio of -2.97 and a beta of 1.05. The stock’s 50 day simple moving average is $45.44 and its 200-day simple moving average is $45.36.

Analyst Ratings Changes

BHF has been the subject of a number of recent research reports. Barclays assumed coverage on shares of Brighthouse Financial in a research report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price for the company. Evercore ISI decreased their target price on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating on the stock in a research note on Thursday, August 8th. Wells Fargo & Company upped their price target on Brighthouse Financial from $40.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on Brighthouse Financial from $59.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, July 29th. Finally, Piper Sandler upped their target price on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Brighthouse Financial currently has a consensus rating of “Hold” and a consensus price target of $50.63.

Insider Buying and Selling at Brighthouse Financial

In other Brighthouse Financial news, EVP John Rosenthal sold 4,265 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $46.04, for a total transaction of $196,360.60. Following the completion of the transaction, the executive vice president now owns 86,262 shares of the company’s stock, valued at $3,971,502.48. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Brighthouse Financial news, CEO Eric T. Steigerwalt sold 25,000 shares of Brighthouse Financial stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $45.67, for a total value of $1,141,750.00. Following the completion of the transaction, the chief executive officer now directly owns 321,072 shares of the company’s stock, valued at $14,663,358.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Rosenthal sold 4,265 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the sale, the executive vice president now directly owns 86,262 shares in the company, valued at $3,971,502.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,390 shares of company stock worth $1,861,608 over the last quarter. 1.40% of the stock is currently owned by company insiders.

About Brighthouse Financial

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.