Brighthouse Financial (BHF) Scheduled to Post Quarterly Earnings on Thursday

Brighthouse Financial (NASDAQ:BHF - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Brighthouse Financial to post earnings of $4.48 per share 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 posted its quarterly earnings data on Wednesday, August 7th. The company reported $5.57 earnings per share 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 analysts' expectations 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 revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.13 earnings per share. 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 Down 2.9 %

Shares of BHF stock traded down $1.39 on Thursday, hitting $47.30. 292,550 shares of the stock were exchanged, compared to its average volume of 426,493. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $2.94 billion, a P/E ratio of -2.48 and a beta of 1.06. The business has a 50-day moving average of $45.29 and a 200 day moving average of $45.36. Brighthouse Financial has a fifty-two week low of $40.00 and a fifty-two week high of $56.24.

Analysts Set New Price Targets

BHF has been the subject of a number of recent analyst reports. Evercore ISI cut their price objective on Brighthouse Financial from $56.00 to $52.00 and set an "in-line" rating for the company in a research report on Thursday, August 8th. Piper Sandler lifted their price target on Brighthouse Financial from $44.00 to $47.00 and gave the stock a "neutral" rating in a report on Wednesday, October 2nd. Wells Fargo & Company lifted their price objective on Brighthouse Financial from $40.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, October 10th. Barclays initiated coverage on Brighthouse Financial in a research note on Wednesday, September 4th. They issued an "equal weight" rating and a $48.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on Brighthouse Financial from $47.00 to $43.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 14th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Brighthouse Financial has a consensus rating of "Hold" and a consensus price target of $50.63.

Insider Activity

In related news, CEO Eric T. Steigerwalt sold 25,000 shares of the company's stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $45.67, for a total transaction of $1,141,750.00. Following the transaction, the chief executive officer now directly owns 321,072 shares of the company's stock, valued at approximately $14,663,358.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Brighthouse Financial news, EVP John Rosenthal sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $45.22, for a total transaction of $226,100.00. Following the completion of the sale, the executive vice president now directly owns 91,262 shares of the company's stock, valued at approximately $4,126,867.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Eric T. Steigerwalt sold 25,000 shares of the business's stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 321,072 shares of the company's stock, valued at $14,663,358.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,390 shares of company stock valued at $1,861,608 in the last ninety days. 1.40% of the stock is 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.