FY2017 EPS Estimates for Metlife Inc (MET) Lifted by B. Riley

Metlife Inc (NYSE:MET) – B. Riley boosted their FY2017 earnings per share estimates for Metlife in a research note issued on Thursday. B. Riley analyst R. Binner now expects that the financial services provider will post earnings of $4.42 per share for the year, up from their prior forecast of $4.40. B. Riley currently has a “Neutral” rating on the stock. B. Riley also issued estimates for Metlife’s Q4 2017 earnings at $1.11 EPS, FY2018 earnings at $4.90 EPS and FY2019 earnings at $5.25 EPS.

Several other brokerages have also commented on MET. ValuEngine raised Metlife from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, September 26th. Wells Fargo & Co reaffirmed an “outperform” rating and issued a $60.00 price target (up previously from $55.00) on shares of Metlife in a research note on Tuesday, October 3rd. They noted that the move was a valuation call. Morgan Stanley upped their price target on Metlife from $54.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. TheStreet raised Metlife from a “c+” rating to a “b” rating in a research note on Wednesday, October 4th. Finally, Zacks Investment Research raised Metlife from a “strong sell” rating to a “hold” rating in a research note on Monday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $57.90.

Metlife (NYSE:MET) opened at $51.84 on Friday. The firm has a market capitalization of $54,550.00, a price-to-earnings ratio of 112.70, a price-to-earnings-growth ratio of 1.17 and a beta of 1.49. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.16 and a current ratio of 0.16. Metlife has a 12 month low of $44.43 and a 12 month high of $55.91.

Metlife (NYSE:MET) last released its quarterly earnings data on Wednesday, November 1st. The financial services provider reported $1.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.19. The company had revenue of $16.10 billion for the quarter, compared to analyst estimates of $15.47 billion. Metlife had a positive return on equity of 8.81% and a negative net margin of 0.75%. The firm’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Monday, February 5th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.09%. Metlife’s payout ratio is 347.83%.

In related news, insider Christopher G. Townsend sold 82,731 shares of the stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $54.60, for a total transaction of $4,517,112.60. Following the transaction, the insider now owns 49,660 shares of the company’s stock, valued at approximately $2,711,436. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Christopher G. Townsend sold 55,712 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $54.29, for a total value of $3,024,604.48. Following the transaction, the insider now directly owns 25,181 shares in the company, valued at approximately $1,367,076.49. The disclosure for this sale can be found here. 0.32% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Farmers National Bank purchased a new stake in Metlife during the 2nd quarter worth about $118,000. Ffcm LLC increased its holdings in Metlife by 2,020.8% during the 3rd quarter. Ffcm LLC now owns 2,248 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 2,142 shares during the period. Cable Hill Partners LLC increased its holdings in Metlife by 246.6% during the 3rd quarter. Cable Hill Partners LLC now owns 2,412 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 1,716 shares during the period. Valeo Financial Advisors LLC purchased a new stake in Metlife during the 3rd quarter worth about $151,000. Finally, Parallel Advisors LLC increased its holdings in Metlife by 8.1% during the 2nd quarter. Parallel Advisors LLC now owns 2,970 shares of the financial services provider’s stock worth $163,000 after purchasing an additional 222 shares during the period. Institutional investors own 76.24% of the company’s stock.

TRADEMARK VIOLATION WARNING: “FY2017 EPS Estimates for Metlife Inc (MET) Lifted by B. Riley” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this report on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark legislation. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2018/01/06/fy2017-eps-estimates-for-metlife-inc-met-lifted-by-b-riley.html.

About Metlife

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Receive News & Ratings for Metlife Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metlife and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply