Zacks Research Issues Pessimistic Forecast for BHF Earnings

Key Points

• Zacks Research has lowered its Q2 2027 earnings estimate for Brighthouse Financial, projecting earnings per share of $5.83, down from $5.98.
• Brighthouse Financial's most recent earnings report showed a significant miss on estimates, with EPS at $3.43 compared to a consensus of $4.70.
• Several analysts have reduced their price targets for the stock, with the consensus rating now at "Hold" and a target price of $59.30.

Brighthouse Financial, Inc. (NASDAQ:BHF - Free Report) - Zacks Research cut their Q2 2027 earnings estimates for shares of Brighthouse Financial in a research report issued on Friday, October 17th. Zacks Research analyst Team now expects that the company will post earnings per share of $5.83 for the quarter, down from their previous forecast of $5.98. The consensus estimate for Brighthouse Financial's current full-year earnings is $20.32 per share. Zacks Research also issued estimates for Brighthouse Financial's FY2027 earnings at $23.62 EPS.

Brighthouse Financial (NASDAQ:BHF - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $3.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.70 by ($1.27). The business had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.21 billion. Brighthouse Financial had a return on equity of 21.06% and a net margin of 10.24%.The firm's revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.57 earnings per share.

Several other research analysts have also issued reports on the stock. Barclays decreased their price target on shares of Brighthouse Financial from $70.00 to $65.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Piper Sandler reissued a "neutral" rating and set a $53.00 price objective on shares of Brighthouse Financial in a research report on Tuesday, October 7th. Weiss Ratings reissued a "hold (c-)" rating on shares of Brighthouse Financial in a research report on Tuesday, October 14th. Evercore ISI cut their price objective on shares of Brighthouse Financial from $65.00 to $55.00 and set an "in-line" rating on the stock in a research report on Thursday, October 9th. Finally, Wells Fargo & Company increased their price objective on shares of Brighthouse Financial from $52.00 to $53.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Brighthouse Financial presently has a consensus rating of "Hold" and a consensus target price of $59.30.

Brighthouse Financial Stock Up 3.1%

Shares of Brighthouse Financial stock opened at $46.54 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.93 and a quick ratio of 0.93. The company has a 50-day moving average of $48.51 and a 200 day moving average of $52.06. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 5.04 and a beta of 0.86. Brighthouse Financial has a 1 year low of $42.07 and a 1 year high of $64.12.

Institutional Trading of Brighthouse Financial

Institutional investors have recently made changes to their positions in the stock. Counterpoint Mutual Funds LLC purchased a new stake in shares of Brighthouse Financial during the 2nd quarter valued at about $406,000. Kawa Capital Management Inc purchased a new stake in shares of Brighthouse Financial during the 2nd quarter valued at about $8,066,000. GAMMA Investing LLC boosted its holdings in shares of Brighthouse Financial by 11.0% during the 1st quarter. GAMMA Investing LLC now owns 2,035 shares of the company's stock valued at $118,000 after acquiring an additional 202 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Brighthouse Financial during the 1st quarter valued at about $780,000. Finally, Royal Bank of Canada boosted its holdings in shares of Brighthouse Financial by 41.0% during the 1st quarter. Royal Bank of Canada now owns 985,215 shares of the company's stock valued at $57,134,000 after acquiring an additional 286,607 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Brighthouse Financial Company Profile

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 consists of 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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