Brighthouse Financial, Inc. (NASDAQ:BHF – Get Rating) – Analysts at Jefferies Financial Group increased their Q3 2022 earnings per share (EPS) estimates for shares of Brighthouse Financial in a research report issued on Wednesday, September 7th. Jefferies Financial Group analyst S. Kamath now anticipates that the company will post earnings per share of $0.76 for the quarter, up from their prior estimate of ($0.35). The consensus estimate for Brighthouse Financial's current full-year earnings is $11.58 per share. Jefferies Financial Group also issued estimates for Brighthouse Financial's Q4 2022 earnings at $3.37 EPS, FY2022 earnings at $11.58 EPS, Q1 2023 earnings at $3.35 EPS, Q2 2023 earnings at $3.53 EPS, Q3 2023 earnings at $3.62 EPS, Q4 2023 earnings at $3.77 EPS, FY2023 earnings at $14.25 EPS, FY2024 earnings at $15.60 EPS, FY2025 earnings at $17.10 EPS and FY2026 earnings at $18.80 EPS.
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Other equities research analysts also recently issued reports about the company. Evercore ISI decreased their target price on Brighthouse Financial from $57.00 to $52.00 and set an "in-line" rating on the stock in a research report on Wednesday, July 6th. Morgan Stanley boosted their target price on Brighthouse Financial from $54.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 17th. Piper Sandler decreased their price objective on Brighthouse Financial from $50.00 to $43.00 and set a "neutral" rating on the stock in a research report on Friday, July 8th. Barclays upped their price objective on Brighthouse Financial from $44.00 to $45.00 and gave the company an "equal weight" rating in a research report on Monday, August 8th. Finally, JPMorgan Chase & Co. decreased their price objective on Brighthouse Financial from $59.00 to $50.00 in a research report on Monday, July 11th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Brighthouse Financial has an average rating of "Hold" and a consensus target price of $55.10.
Brighthouse Financial Stock Performance
NASDAQ:BHF opened at $49.24 on Monday. The stock has a 50-day simple moving average of $45.49 and a two-hundred day simple moving average of $47.41. Brighthouse Financial has a 52-week low of $38.38 and a 52-week high of $62.33. The firm has a market capitalization of $3.54 billion, a PE ratio of 1.93 and a beta of 1.30. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.57 and a current ratio of 0.57.
Brighthouse Financial (NASDAQ:BHF – Get Rating) last posted its quarterly earnings results on Thursday, August 4th. The company reported $3.29 earnings per share for the quarter, topping the consensus estimate of $2.83 by $0.46. Brighthouse Financial had a return on equity of 11.46% and a net margin of 18.70%. The firm had revenue of $2.13 billion during the quarter, compared to analysts' expectations of $2 billion. During the same quarter in the previous year, the business earned $5.32 earnings per share. The company's revenue was down 11.0% on a year-over-year basis.
Institutional Trading of Brighthouse Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Brighthouse Financial by 0.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 47,370 shares of the company's stock valued at $1,943,000 after buying an additional 238 shares during the last quarter. FinTrust Capital Advisors LLC grew its holdings in Brighthouse Financial by 0.5% during the 2nd quarter. FinTrust Capital Advisors LLC now owns 52,419 shares of the company's stock valued at $2,175,000 after purchasing an additional 244 shares in the last quarter. Commerce Bank grew its holdings in Brighthouse Financial by 1.4% during the 4th quarter. Commerce Bank now owns 18,936 shares of the company's stock worth $980,000 after acquiring an additional 265 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Brighthouse Financial by 9.6% in the 1st quarter. Captrust Financial Advisors now owns 3,071 shares of the company's stock valued at $159,000 after buying an additional 268 shares during the period. Finally, Teacher Retirement System of Texas lifted its position in Brighthouse Financial by 1.9% in the 1st quarter. Teacher Retirement System of Texas now owns 16,410 shares of the company's stock valued at $848,000 after purchasing an additional 310 shares during the last quarter. Hedge funds and other institutional investors own 81.38% of the company's stock.
Brighthouse Financial Company Profile
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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 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.
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