MetLife (MET) to Release Quarterly Earnings on Wednesday

MetLife (NYSE:MET - Get Free Report) is expected to be posting its quarterly earnings results after the market closes on Wednesday, February 5th. Analysts expect MetLife to post earnings of $2.13 per share and revenue of $19.49 billion for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

MetLife Stock Down 0.5 %

Shares of NYSE MET traded down $0.44 during midday trading on Friday, reaching $86.56. The company's stock had a trading volume of 2,992,769 shares, compared to its average volume of 3,244,892. MetLife has a fifty-two week low of $64.61 and a fifty-two week high of $89.05. The stock has a 50 day simple moving average of $84.06 and a 200-day simple moving average of $80.48. The stock has a market capitalization of $59.93 billion, a price-to-earnings ratio of 17.45, a PEG ratio of 0.66 and a beta of 1.07. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.51.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. The ex-dividend date is Tuesday, February 4th. This represents a $2.18 annualized dividend and a yield of 2.52%. MetLife's payout ratio is currently 43.95%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MET shares. JPMorgan Chase & Co. raised their target price on shares of MetLife from $86.00 to $88.00 and gave the company an "overweight" rating in a research note on Tuesday, January 7th. TD Cowen boosted their price objective on shares of MetLife from $97.00 to $99.00 and gave the stock a "buy" rating in a research note on Wednesday, November 27th. Wells Fargo & Company cut their target price on shares of MetLife from $93.00 to $92.00 and set an "overweight" rating for the company in a research note on Tuesday, January 14th. Barclays boosted their price target on MetLife from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. Finally, StockNews.com cut MetLife from a "buy" rating to a "hold" rating in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $90.46.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.