Brighthouse Financial Inc to Post FY2018 Earnings of $9.60 Per Share, B. Riley Forecasts (BHF)
Brighthouse Financial Inc (NASDAQ:BHF) – Analysts at B. Riley increased their FY2018 earnings estimates for shares of Brighthouse Financial in a note issued to investors on Thursday. B. Riley analyst R. Binner now forecasts that the company will post earnings of $9.60 per share for the year, up from their previous forecast of $8.50. B. Riley has a “Neutral” rating on the stock. B. Riley also issued estimates for Brighthouse Financial’s FY2019 earnings at $10.20 EPS.
Several other research analysts have also commented on the stock. Goldman Sachs Group initiated coverage on shares of Brighthouse Financial in a research note on Wednesday, October 18th. They set a “neutral” rating and a $63.00 price objective for the company. ValuEngine lowered shares of Brighthouse Financial from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Brighthouse Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, December 5th. JPMorgan Chase & Co. lowered shares of Brighthouse Financial from a “neutral” rating to an “underweight” rating and set a $61.00 price objective for the company. in a research note on Tuesday, January 2nd. Finally, Argus initiated coverage on shares of Brighthouse Financial in a research note on Thursday, September 21st. They set a “hold” rating for the company. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $66.53.
Brighthouse Financial (NASDAQ:BHF) traded up $1.22 during mid-day trading on Monday, hitting $61.71. 883,004 shares of the company were exchanged, compared to its average volume of 703,500. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a market capitalization of $7,220.00 and a price-to-earnings ratio of -2.63. Brighthouse Financial has a 1 year low of $52.75 and a 1 year high of $75.00.
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.
Receive News & Ratings for Brighthouse Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brighthouse Financial and related companies with Analyst Ratings Network's FREE daily email newsletter.