B. Riley Weighs in on Brighthouse Financial Inc’s FY2018 Earnings (BHF)

Brighthouse Financial Inc (NASDAQ:BHF) – Equities researchers at B. Riley cut their FY2018 earnings per share (EPS) estimates for Brighthouse Financial in a report issued on Tuesday, January 8th. B. Riley analyst R. Binner now forecasts that the company will post earnings of $7.76 per share for the year, down from their prior forecast of $7.78. B. Riley also issued estimates for Brighthouse Financial’s Q4 2018 earnings at $1.90 EPS, FY2019 earnings at $8.90 EPS and FY2020 earnings at $9.90 EPS.

Several other research firms also recently weighed in on BHF. Credit Suisse Group restated a “neutral” rating on shares of Brighthouse Financial in a research note on Monday, December 31st. Bank of America restated a “neutral” rating and issued a $47.00 price target on shares of Brighthouse Financial in a research note on Wednesday, October 3rd. BidaskClub raised Brighthouse Financial from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Wells Fargo & Co set a $50.00 price objective on Brighthouse Financial and gave the stock a “hold” rating in a report on Monday, November 5th. Finally, Sandler O’Neill raised Brighthouse Financial from a “hold” rating to a “buy” rating in a report on Wednesday, January 2nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Brighthouse Financial presently has a consensus rating of “Hold” and a consensus price target of $53.27.

BHF stock opened at $33.53 on Wednesday. Brighthouse Financial has a 1-year low of $28.52 and a 1-year high of $67.55. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 5.27, a price-to-earnings-growth ratio of 0.40 and a beta of 1.84.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings results on Monday, November 5th. The company reported $2.23 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.19 by $0.04. Brighthouse Financial had a return on equity of 5.49% and a net margin of 1.33%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $2.05 billion. During the same period in the prior year, the company posted $3.31 EPS.

Institutional investors and hedge funds have recently modified their holdings of the company. First Hawaiian Bank purchased a new stake in shares of Brighthouse Financial during the 3rd quarter worth approximately $142,000. Daiwa Securities Group Inc. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at $164,000. AGF Investments America Inc. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at $164,000. Whittier Trust Co. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at $176,000. Finally, Hussman Strategic Advisors Inc. purchased a new stake in Brighthouse Financial during the 3rd quarter valued at $201,000. 90.32% of the stock is currently owned by institutional investors and hedge funds.

About Brighthouse Financial

Brighthouse Financial, Inc provides a range of annuity and life insurance products in the United States. The company operates through three segments: Annuities, Life, and Run-off. It offers 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; and term, whole, universal, and variable life insurance products for policyholders' needs for financial security and protected wealth transfer.

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