Brighthouse Financial (NASDAQ:BHF) Posts Quarterly Earnings Results

Brighthouse Financial (NASDAQ:BHF) announced its quarterly earnings results on Thursday. The company reported $9.12 EPS for the quarter, beating the consensus estimate of $4.96 by $4.16, FiscalAI reports. Brighthouse Financial had a return on equity of 17.24% and a net margin of 12.49%. The firm had revenue of $2.10 billion for the quarter, compared to analyst estimates of $2.18 billion. During the same quarter last year, the firm posted $4.54 earnings per share.

Brighthouse Financial Stock Up 3.6%

BHF stock traded up $1.50 during trading on Friday, hitting $42.60. 1,813,874 shares of the company’s stock were exchanged, compared to its average volume of 790,602. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 4.32, a PEG ratio of 0.58 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.48. Brighthouse Financial has a 52-week low of $41.01 and a 52-week high of $66.80. The business has a 50-day moving average price of $48.80 and a two-hundred day moving average price of $58.53.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Brighthouse Financial to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings downgraded Brighthouse Financial from a “hold (c+)” rating to a “hold (c)” rating in a research report on Thursday, September 10th. JPMorgan Chase & Co. raised shares of Brighthouse Financial from an “underweight” rating to a “neutral” rating and reduced their price target for the company from $63.00 to $55.00 in a research report on Thursday, October 15th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Brighthouse Financial from $57.00 to $55.00 and set a “market perform” rating for the company in a research note on Thursday, October 15th. Seven research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $58.33.

About Brighthouse Financial

Brighthouse Financial, Inc (NASDAQ:BHF) is a U.S.-focused provider of annuities and life insurance products. The company serves individuals and institutions seeking solutions for retirement income, wealth preservation, protection and legacy planning.

Its annuity offerings include fixed, variable, income and registered index-linked annuities, including the Brighthouse Shield line of products. Brighthouse also provides life insurance products designed to offer death-benefit protection and, depending on the policy, cash-value accumulation and other financial-planning features.

Brighthouse Financial was established as an independent public company in 2017 after being separated from MetLife.