Wall Street analysts forecast that Brighthouse Financial Inc (NASDAQ:BHF) will post earnings per share of $2.24 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Brighthouse Financial’s earnings, with the lowest EPS estimate coming in at $2.10 and the highest estimate coming in at $2.31. Brighthouse Financial reported earnings of $2.23 per share during the same quarter last year, which indicates a positive year over year growth rate of 0.4%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Brighthouse Financial will report full-year earnings of $8.64 per share for the current financial year, with EPS estimates ranging from $8.45 to $8.82. For the next fiscal year, analysts anticipate that the company will report earnings of $9.87 per share, with EPS estimates ranging from $9.75 to $10.15. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Brighthouse Financial.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, August 5th. The company reported $2.56 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.33. The company had revenue of $2.37 billion for the quarter, compared to the consensus estimate of $2.03 billion. Brighthouse Financial had a return on equity of 6.74% and a net margin of 9.61%. During the same quarter in the prior year, the business posted $1.68 EPS.

Several analysts recently weighed in on BHF shares. Morgan Stanley cut their price target on Brighthouse Financial from $43.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 20th. Goldman Sachs Group downgraded Brighthouse Financial from a “neutral” rating to a “sell” rating and cut their price target for the stock from $39.00 to $32.00 in a research note on Tuesday, June 25th. Bank of America cut their price target on Brighthouse Financial from $42.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 6th. Credit Suisse Group downgraded Brighthouse Financial from a “neutral” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $22.00 in a research note on Tuesday, June 25th. Finally, Citigroup set a $36.00 price target on Brighthouse Financial and gave the stock a “sell” rating in a research note on Thursday, May 23rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $37.89.

In other news, insider Eric T. Steigerwalt purchased 12,500 shares of the stock in a transaction dated Monday, August 12th. The shares were purchased at an average cost of $34.04 per share, with a total value of $425,500.00. Following the acquisition, the insider now directly owns 111,239 shares of the company’s stock, valued at $3,786,575.56. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Margaret M. Mccarthy purchased 2,941 shares of the stock in a transaction dated Wednesday, June 26th. The shares were purchased at an average cost of $34.08 per share, for a total transaction of $100,229.28. Following the completion of the acquisition, the director now directly owns 4,423 shares in the company, valued at $150,735.84. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 31,441 shares of company stock worth $1,091,409. Company insiders own 0.23% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Brighthouse Financial by 25.6% in the 2nd quarter. BlackRock Inc. now owns 11,820,754 shares of the company’s stock worth $433,707,000 after purchasing an additional 2,412,741 shares during the period. AQR Capital Management LLC raised its holdings in Brighthouse Financial by 3,835.0% in the 2nd quarter. AQR Capital Management LLC now owns 1,198,214 shares of the company’s stock worth $43,184,000 after purchasing an additional 1,167,764 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Brighthouse Financial by 8,316.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 619,172 shares of the company’s stock worth $22,471,000 after purchasing an additional 611,815 shares during the period. Nuveen Asset Management LLC bought a new position in Brighthouse Financial in the 2nd quarter worth $19,980,000. Finally, Bank of New York Mellon Corp raised its holdings in Brighthouse Financial by 37.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,593,115 shares of the company’s stock worth $58,451,000 after purchasing an additional 436,557 shares during the period. 87.25% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Brighthouse Financial stock traded up $0.19 during midday trading on Friday, hitting $39.49. The company had a trading volume of 860,200 shares, compared to its average volume of 1,448,669. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market capitalization of $4.38 billion, a P/E ratio of 5.31, a P/E/G ratio of 0.39 and a beta of 2.06. The company has a 50 day moving average of $35.97 and a 200 day moving average of $37.81. Brighthouse Financial has a 52-week low of $28.52 and a 52-week high of $47.33.

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 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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