Brighthouse Financial (BHF) Scheduled to Post Quarterly Earnings on Wednesday

Brighthouse Financial (NASDAQ:BHF) is scheduled to be releasing its earnings data after the market closes on Wednesday, August 7th. Analysts expect Brighthouse Financial to post earnings of $4.37 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Brighthouse Financial (NASDAQ:BHF) last released its quarterly earnings data on Tuesday, May 7th. The company reported $4.25 EPS for the quarter, topping analysts’ consensus estimates of $3.96 by $0.29. Brighthouse Financial had a positive return on equity of 23.49% and a negative net margin of 38.05%. The company had revenue of $2.04 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same period last year, the business posted $2.86 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts expect Brighthouse Financial to post $15 EPS for the current fiscal year and $20 EPS for the next fiscal year.

Brighthouse Financial Stock Down 5.4 %

Shares of NASDAQ:BHF opened at $43.45 on Tuesday. The stock has a 50-day simple moving average of $44.97 and a 200-day simple moving average of $47.33. The stock has a market capitalization of $2.70 billion, a P/E ratio of -2.28 and a beta of 1.08. Brighthouse Financial has a 1 year low of $40.24 and a 1 year high of $56.24. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.83 and a current ratio of 0.83.

Insider Transactions at Brighthouse Financial

In other news, CFO Edward A. Spehar sold 7,125 shares of Brighthouse Financial stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $41.91, for a total value of $298,608.75. Following the transaction, the chief financial officer now owns 44,765 shares of the company’s stock, valued at approximately $1,876,101.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Edward A. Spehar sold 7,125 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $41.91, for a total value of $298,608.75. Following the completion of the transaction, the chief financial officer now owns 44,765 shares in the company, valued at approximately $1,876,101.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Rosenthal sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $46.00, for a total value of $230,000.00. Following the sale, the executive vice president now owns 96,262 shares in the company, valued at approximately $4,428,052. The disclosure for this sale can be found here. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their price target on Brighthouse Financial from $51.00 to $50.00 and set an “equal weight” rating for the company in a report on Friday, May 10th. Keefe, Bruyette & Woods upgraded Brighthouse Financial from an “underperform” rating to a “market perform” rating and reduced their target price for the company from $48.00 to $47.00 in a research note on Monday, June 17th. Evercore ISI dropped their price target on shares of Brighthouse Financial from $59.00 to $56.00 and set an “in-line” rating for the company in a research note on Wednesday, June 26th. Jefferies Financial Group increased their price objective on shares of Brighthouse Financial from $59.00 to $63.00 and gave the company a “buy” rating in a research note on Monday, July 29th. Finally, Piper Sandler dropped their target price on shares of Brighthouse Financial from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Friday, June 28th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $52.00.

Brighthouse Financial Company Profile

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 consists of 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.