Brighthouse Financial (BHF) to Release Earnings on Tuesday

Brighthouse Financial (NASDAQ:BHF - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $4.56 per share and revenue of $2.24 billion for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $3.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.50 by ($0.51). The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $2.21 billion. Brighthouse Financial had a negative net margin of 24.40% and a positive return on equity of 23.54%. During the same quarter last year, the company posted $4.18 earnings per share. On average, analysts expect Brighthouse Financial to post $18 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Trading Up 1.0 %

Shares of BHF traded up $0.57 on Friday, hitting $59.96. 566,319 shares of the stock traded hands, compared to its average volume of 684,217. Brighthouse Financial has a 1 year low of $40.00 and a 1 year high of $64.00. The stock's 50 day moving average is $51.03 and its two-hundred day moving average is $48.11. The firm has a market capitalization of $3.56 billion, a P/E ratio of -2.95 and a beta of 1.10. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.56.

Analysts Set New Price Targets

A number of brokerages have weighed in on BHF. Barclays raised Brighthouse Financial from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $52.00 to $85.00 in a research note on Wednesday, January 29th. Wells Fargo & Company decreased their price target on Brighthouse Financial from $42.00 to $41.00 and set an "underweight" rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on shares of Brighthouse Financial from $48.00 to $60.00 and gave the company a "market perform" rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Brighthouse Financial from $59.00 to $56.00 and set an "underweight" rating on the stock in a research report on Tuesday, January 7th. Finally, Piper Sandler dropped their price target on shares of Brighthouse Financial from $55.00 to $52.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $57.75.

Insider Buying and Selling at Brighthouse Financial

In related news, EVP John Rosenthal sold 10,000 shares of the firm's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $61.00, for a total transaction of $610,000.00. Following the sale, the executive vice president now directly owns 66,262 shares in the company, valued at approximately $4,041,982. This trade represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Myles Lambert sold 8,400 shares of the company's stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now owns 33,407 shares of the company's stock, valued at approximately $1,727,141.90. This represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate 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.