Analysts Set Expectations for Brighthouse Financial’s Q1 2018 Earnings (BHF)

Brighthouse Financial (NASDAQ:BHF) – B. Riley issued their Q1 2018 EPS estimates for Brighthouse Financial in a research note issued on Monday, April 16th. B. Riley analyst R. Binner forecasts that the company will post earnings per share of $1.96 for the quarter.

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A number of other research analysts have also weighed in on the stock. BidaskClub lowered shares of Brighthouse Financial from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 11th. Sandler O’Neill set a $53.00 price objective on shares of Brighthouse Financial and gave the stock a “hold” rating in a research note on Monday, April 2nd. Zacks Investment Research raised shares of Brighthouse Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, March 27th. Wells Fargo set a $59.00 price objective on shares of Brighthouse Financial and gave the stock a “hold” rating in a research note on Friday, March 23rd. Finally, UBS initiated coverage on shares of Brighthouse Financial in a research note on Friday, March 2nd. They set a “neutral” rating and a $58.00 price objective for the company. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $65.13.

BHF stock opened at $50.56 on Tuesday. Brighthouse Financial has a fifty-two week low of $49.05 and a fifty-two week high of $75.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.45 and a quick ratio of 0.45.

Brighthouse Financial (NASDAQ:BHF) last posted its earnings results on Monday, February 12th. The company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $2.10 by ($1.73). The company had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $2.01 billion. The firm’s revenue for the quarter was up 240.0% compared to the same quarter last year.

An institutional investor recently bought a new position in Brighthouse Financial stock. Elkfork Partners LLC bought a new position in shares of Brighthouse Financial (NASDAQ:BHF) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,296 shares of the company’s stock, valued at approximately $310,000. Institutional investors own 84.59% of the company’s stock.

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Brighthouse Financial Company Profile

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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