Brokers Offer Predictions for Brighthouse Financial Inc’s Q3 2017 Earnings (BHF)

Brighthouse Financial Inc (NYSE:BHF) – Equities research analysts at FBR & Co boosted their Q3 2017 earnings per share (EPS) estimates for shares of Brighthouse Financial in a research note issued to investors on Tuesday. FBR & Co analyst R. Binner now anticipates that the company will post earnings of $2.04 per share for the quarter, up from their previous forecast of $1.80. FBR & Co has a “Market Perform” rating and a $72.00 price objective on the stock. FBR & Co also issued estimates for Brighthouse Financial’s FY2018 earnings at $8.70 EPS.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company began coverage on shares of Brighthouse Financial in a research note on Monday, August 7th. They set a “market perform” rating and a $71.00 target price on the stock. Argus began coverage on shares of Brighthouse Financial in a research note on Thursday, September 21st. They set a “hold” rating on the stock. Evercore ISI began coverage on shares of Brighthouse Financial in a research note on Wednesday, August 9th. They set an “in-line” rating and a $68.00 target price on the stock. Citigroup Inc. began coverage on shares of Brighthouse Financial in a research note on Monday, August 7th. They set a “sell” rating on the stock. Finally, Keefe, Bruyette & Woods began coverage on shares of Brighthouse Financial in a research note on Monday, August 7th. They set a “market perform” rating and a $65.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $69.45.

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Shares of Brighthouse Financial (BHF) opened at 60.67 on Wednesday. The company’s 50-day moving average is $57.59 and its 200-day moving average is $55.77. Brighthouse Financial has a 1-year low of $52.75 and a 1-year high of $75.00.

In related news, Director C Edward Chaplin purchased 2,000 shares of Brighthouse Financial stock in a transaction dated Wednesday, September 13th. The shares were acquired at an average price of $55.03 per share, for a total transaction of $110,060.00. Following the acquisition, the director now directly owns 2,000 shares in the company, valued at $110,060. The purchase was disclosed in a filing with the SEC, which is available through this link.

About Brighthouse Financial

Brighthouse Financial, Inc is a provider of life insurance and annuity products in the United States. The Company offers a range of products and services, which include variable, fixed, index-linked and income annuities, as well as variable, universal, term and whole life products. These products and services are marketed through various third party retail distribution channels in the United States.

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