MetLife (NYSE:MET) – Research analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for MetLife in a note issued to investors on Monday, April 16th. B. Riley analyst R. Binner expects that the financial services provider will earn $1.10 per share for the quarter.
MetLife (NYSE:MET) last announced its quarterly earnings data on Tuesday, February 13th. The financial services provider reported $0.64 EPS for the quarter, missing the Zacks’ consensus estimate of $1.05 by ($0.41). MetLife had a net margin of 5.69% and a return on equity of 8.59%. The firm had revenue of $15.79 billion during the quarter, compared to analysts’ expectations of $15.89 billion. During the same period in the prior year, the company posted $1.28 earnings per share.
MET has been the subject of several other research reports. Morgan Stanley lowered their target price on shares of MetLife from $59.00 to $58.00 and set an “equal weight” rating for the company in a report on Wednesday, February 14th. Zacks Investment Research upgraded shares of MetLife from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Thursday, January 18th. Goldman Sachs restated a “buy” rating on shares of MetLife in a report on Wednesday, January 31st. Bank of America began coverage on shares of MetLife in a report on Monday, March 26th. They issued a “neutral” rating and a $50.00 target price for the company. Finally, ValuEngine upgraded shares of MetLife from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.75.
Shares of MetLife stock opened at $47.00 on Tuesday. MetLife has a 12-month low of $43.38 and a 12-month high of $55.91. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $49,126.52, a PE ratio of 10.44, a P/E/G ratio of 0.84 and a beta of 1.24.
Large investors have recently modified their holdings of the stock. First Dallas Securities Inc. acquired a new stake in MetLife during the 4th quarter worth $111,000. Wagner Wealth Management LLC acquired a new stake in MetLife during the 4th quarter worth $126,000. Sandy Spring Bank boosted its stake in MetLife by 495.2% during the 4th quarter. Sandy Spring Bank now owns 2,375 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 1,976 shares during the period. Avestar Capital LLC acquired a new stake in MetLife during the 4th quarter worth $135,000. Finally, Premia Global Advisors LLC acquired a new stake in MetLife during the 4th quarter worth $170,000. Hedge funds and other institutional investors own 77.68% of the company’s stock.
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MetLife Company Profile
MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; 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, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.
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