Brighthouse Financial (BHF) Set to Announce Earnings on Wednesday

Brighthouse Financial (NASDAQ:BHFGet Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, February 7th. Analysts expect the company to announce earnings of $3.85 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHFGet Free Report) last announced its earnings results on Tuesday, November 7th. The company reported $4.18 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.15. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $2.17 billion. Brighthouse Financial had a negative net margin of 35.83% and a positive return on equity of 20.78%. During the same quarter last year, the firm posted ($0.04) earnings per share. On average, analysts expect Brighthouse Financial to post $15 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Brighthouse Financial Trading Up 0.1 %

Shares of BHF opened at $51.19 on Tuesday. Brighthouse Financial has a 1 year low of $39.24 and a 1 year high of $60.54. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.82 and a quick ratio of 0.82. The company’s 50-day simple moving average is $52.45 and its 200-day simple moving average is $50.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BHF. Wells Fargo & Company reduced their price target on shares of Brighthouse Financial from $48.00 to $47.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 17th. Keefe, Bruyette & Woods reissued an “underperform” rating and set a $50.00 price target (down previously from $54.00) on shares of Brighthouse Financial in a research report on Friday, December 15th. Finally, Barclays raised their target price on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Tuesday, October 10th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $50.29.

Read Our Latest Research Report on Brighthouse Financial

Institutional Trading of Brighthouse Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $50,000. Quantbot Technologies LP purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $151,000. Captrust Financial Advisors grew its position in shares of Brighthouse Financial by 9.6% during the first quarter. Captrust Financial Advisors now owns 3,071 shares of the company’s stock worth $159,000 after acquiring an additional 268 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Brighthouse Financial during the first quarter worth approximately $199,000. Finally, Deutsche Bank AG grew its position in shares of Brighthouse Financial by 339.0% during the fourth quarter. Deutsche Bank AG now owns 3,947 shares of the company’s stock worth $202,000 after acquiring an additional 3,048 shares during the last quarter. Institutional investors and hedge funds own 79.77% of the company’s stock.

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 offers 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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