Shares of Brighthouse Financial, Inc. (NASDAQ:BHF – Get Free Report) have been assigned an average recommendation of “Reduce” from the eleven research firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and eight have issued a hold rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $60.8571.
A number of equities analysts have recently issued reports on the stock. Argus upgraded shares of Brighthouse Financial to a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings lowered shares of Brighthouse Financial from a “hold (c)” rating to a “sell (d+)” rating in a research report on Monday, May 11th. Zacks Research upgraded shares of Brighthouse Financial from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $67.00 target price on shares of Brighthouse Financial in a research report on Thursday, March 26th.
Institutional Investors Weigh In On Brighthouse Financial
Brighthouse Financial Stock Performance
NASDAQ BHF opened at $63.09 on Friday. The stock has a market cap of $3.62 billion, a P/E ratio of -21.17 and a beta of 0.86. The company’s 50-day simple moving average is $61.83 and its 200 day simple moving average is $62.84. Brighthouse Financial has a twelve month low of $42.07 and a twelve month high of $66.33. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.56.
Brighthouse Financial (NASDAQ:BHF – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The company reported $4.35 EPS for the quarter, missing analysts’ consensus estimates of $4.57 by ($0.22). The firm had revenue of $2.10 billion during the quarter, compared to analyst estimates of $2.20 billion. Brighthouse Financial had a negative net margin of 1.10% and a positive return on equity of 16.88%. Brighthouse Financial’s quarterly revenue was down 29.4% on a year-over-year basis. During the same quarter last year, the firm earned $4.17 earnings per share. As a group, research analysts forecast that Brighthouse Financial will post 19.79 earnings per share for the current fiscal year.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a U.S.-based life insurance company that specializes in retirement income solutions and annuity products. The firm was established in August 2017 as a spin-off from MetLife, Inc, and is headquartered in Charlotte, North Carolina. Since its separation, Brighthouse Financial has focused on providing products designed to help individuals and families manage retirement income needs, drawing on decades of experience in life insurance and annuity administration inherited from its parent company.
The company’s core product offerings include fixed indexed annuities, which allow policyholders to participate in market-linked gains while protecting against downside market risk, and single premium immediate annuities, which provide guaranteed lifetime income.
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