Brighthouse Financial (BHF) Scheduled to Post Earnings on Thursday

Brighthouse Financial (NASDAQ:BHFGet Free Report) 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:BHFGet Free Report) 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.

View Our Latest Research Report on Brighthouse Financial

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

(Get Free Report)

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.

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Earnings History for Brighthouse Financial (NASDAQ:BHF)

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