MetLife (MET) to Release Quarterly Earnings on Wednesday

MetLife (NYSE:MET - Get Free Report) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect MetLife to post earnings of $2.23 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

MetLife (NYSE:MET - Get Free Report) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.13 by $0.15. MetLife had a return on equity of 21.41% and a net margin of 4.23%. The firm had revenue of $17.82 billion during the quarter, compared to analyst estimates of $18.57 billion. During the same quarter in the prior year, the company earned $1.94 EPS. The business's revenue was up 7.2% compared to the same quarter last year. On average, analysts expect MetLife to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.

MetLife Stock Down 0.1 %

Shares of NYSE:MET opened at $84.77 on Wednesday. MetLife has a 52-week low of $57.91 and a 52-week high of $86.94. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.16 and a current ratio of 0.16. The firm has a market capitalization of $60.28 billion, a P/E ratio of 29.13, a P/E/G ratio of 0.69 and a beta of 1.04. The stock has a 50 day moving average price of $79.11 and a 200-day moving average price of $74.29.

MetLife Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Tuesday, November 5th will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Tuesday, November 5th. MetLife's dividend payout ratio (DPR) is presently 74.91%.

Wall Street Analysts Forecast Growth

MET has been the subject of a number of analyst reports. Bank of America reduced their price objective on MetLife from $99.00 to $96.00 and set a "buy" rating for the company in a research report on Thursday, August 1st. Keefe, Bruyette & Woods reduced their target price on MetLife from $86.00 to $85.00 and set an "outperform" rating for the company in a report on Monday, July 8th. TD Cowen started coverage on MetLife in a report on Wednesday, October 9th. They issued a "buy" rating and a $97.00 target price for the company. JPMorgan Chase & Co. lifted their target price on MetLife from $81.00 to $86.00 and gave the stock an "overweight" rating in a report on Tuesday, July 2nd. Finally, Barclays started coverage on MetLife in a report on Wednesday, September 4th. They issued an "overweight" rating and a $91.00 target price for the company. One equities research analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, MetLife currently has an average rating of "Moderate Buy" and a consensus price target of $88.46.

About MetLife

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.