Brighthouse Financial (NASDAQ:BHF) Issues Earnings Results

Brighthouse Financial (NASDAQ:BHF) posted its quarterly earnings data on Thursday. The company reported $3.68 earnings per share for the quarter, missing analysts’ consensus estimates of $4.96 by ($1.28), Briefing.com reports. Brighthouse Financial had a net margin of 12.49% and a return on equity of 17.24%. The firm had revenue of $853.00 million during the quarter, compared to analysts’ expectations of $2.18 billion. During the same period in the previous year, the company earned $4.54 earnings per share.

Brighthouse Financial Stock Performance

NASDAQ:BHF traded up $1.50 during trading hours on Friday, reaching $42.60. 1,813,874 shares of the stock were exchanged, compared to its average volume of 790,602. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.48. The firm has a 50 day simple moving average of $48.80 and a 200-day simple moving average of $58.53. Brighthouse Financial has a 52 week low of $41.01 and a 52 week high of $66.80. The stock has a market capitalization of $2.45 billion, a P/E ratio of 4.32, a P/E/G ratio of 0.58 and a beta of 0.81.

Analysts Set New Price Targets

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