Brighthouse Financial, Inc. (NASDAQ:BHF) to Post Fiscal 2022 Earnings of $10.20 Per Share, Jefferies Financial Group Forecasts


Brighthouse Financial, Inc. (NASDAQ: BHFGet a rating) – Equity research analysts at Jefferies Financial Group dropped their fiscal 2022 earnings estimates for Brighthouse Financial in a report released on Monday, November 21. Jefferies Financial Group analyst S. Kamath now expects the company to earn $10.20 per share for the year, down from its previous estimate of $11.43. Brighthouse Financial’s current annual earnings consensus estimate is $11.43 per share. Jefferies Financial Group also released estimates for Brighthouse Financial Q4 2022 earnings at $2.73 EPS, Q2 2023 earnings at $3.41 EPS, Q3 2023 earnings at $3.52 EPS, Q4 2023 earnings at $3.66 EPS, FY2023 earnings at $13.75 EPS, FY2024 earnings at $15.30 EPS, FY2025 earnings at $16.95 EPS and FY2026 earnings at $18.85 EPS.

Brighthouse Financial (NASDAQ: BHFGet a rating) last released its quarterly earnings data on Monday, November 7. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.78 per ($0.82). The company posted revenue of $1.91 billion in the quarter, versus $1.97 billion expected by analysts. Brighthouse Financial had a return on equity of 9.50% and a net margin of 10.06%.

BHF has been the subject of a number of other reports. Evercore ISI raised its price target on Brighthouse Financial to $55.00 in a Tuesday, November 15 research note. Morgan Stanley raised its price target on shares of Brighthouse Financial from $58.00 to $59.00 and gave the company an “equal weight” rating in a research report on Thursday, Nov. 17. Wells Fargo & Company lowered its price target on shares of Brighthouse Financial from $51.00 to $49.00 and set an “equal weight” rating for the company in a Wednesday, Oct. 12 report. Barclays raised its price target on Brighthouse Financial from $45.00 to $47.00 and gave the company an “equal weight” rating in a Friday, October 14 report. Finally, TheStreet downgraded Brighthouse Financial from a ‘b’ to a ‘c+’ rating in a Monday, November 7 research note. Seven analysts gave the stock a hold rating and one gave the stock a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.22.

Brighthouse Financial Stock Performance

Shares of BHF opened at $54.68 on Thursday. The company has a 50-day simple moving average of $50.70 and a two-hundred-day simple moving average of $47.19. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt ratio of 0.54. Brighthouse Financial has a 52-week low of $38.38 and a 52-week high of $62.33. The stock has a market capitalization of $3.78 billion, a price-earnings ratio of 4.78 and a beta of 1.37.

Institutional entries and exits

Institutional investors and hedge funds have recently changed their stakes in the company. The Kentucky State Teachers’ Retirement System purchased a new stake in shares of Brighthouse Financial during Q3, valued at approximately $502,000. Public Employees Retirement System of Ohio increased its position in Brighthouse Financial by 18.4% during the third quarter. The Ohio Public Employees Retirement System now owns 51,906 shares of the company valued at $2,254,000 after purchasing an additional 8,083 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of Brighthouse Financial by 47.6% in Q3. Jacobs Levy Equity Management Inc. now owns 992,297 shares of the company valued at $43,086,000 after purchasing an additional 320,191 shares in the last quarter. Algert Global LLC increased its holdings of Brighthouse Financial shares by 128.6% in Q3. Algert Global LLC now owns 68,690 shares of the company worth $2,983,000 after purchasing an additional 38,640 shares during the period. Finally, Two Sigma Investments LP increased its position in shares of Brighthouse Financial by 188.8% during the 3rd quarter. Two Sigma Investments LP now owns 139,793 shares of the company valued at $6,070,000 after purchasing an additional 91,393 shares in the last quarter. 81.38% of the shares are held by hedge funds and other institutional investors.

About Brighthouse Financial

(Get a rating)

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, indexed and income annuities for policyholders’ needs for tax-deferred protected wealth accumulation, wealth transfer and income security.

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Earnings history and estimates for Brighthouse Financial (NASDAQ:BHF)

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