What is Zacks Research’s Forecast for BHF FY2024 Earnings?

Brighthouse Financial, Inc. (NASDAQ:BHF) – Equities research analysts at Zacks Research lifted their FY2024 EPS estimates for shares of Brighthouse Financial in a research note issued on Thursday, November 28th. Zacks Research analyst T. De now anticipates that the company will earn $18.27 per share for the year, up from their previous forecast of $18.18. The consensus estimate for Brighthouse Financial’s current full-year earnings is $18.47 per share. Zacks Research also issued estimates for Brighthouse Financial’s Q4 2024 earnings at $4.46 EPS, Q3 2025 earnings at $5.10 EPS, Q4 2025 earnings at $5.32 EPS, FY2025 earnings at $20.01 EPS and FY2026 earnings at $22.62 EPS.

Brighthouse Financial (NASDAQ:BHF) last posted its quarterly earnings data on Thursday, November 7th. The company reported $3.99 earnings per share for the quarter, missing analysts’ consensus estimates of $4.50 by ($0.51). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Brighthouse Financial had a positive return on equity of 23.54% and a negative net margin of 24.40%. During the same period in the prior year, the company posted $4.18 EPS.

Several other equities analysts have also recently issued reports on the company. Piper Sandler lifted their price objective on Brighthouse Financial from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Wells Fargo & Company boosted their price target on shares of Brighthouse Financial from $40.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods reduced their price objective on shares of Brighthouse Financial from $47.00 to $43.00 and set a “market perform” rating on the stock in a report on Wednesday, August 14th. Evercore ISI decreased their price objective on shares of Brighthouse Financial from $56.00 to $52.00 and set an “in-line” rating for the company in a research report on Thursday, August 8th. Finally, Barclays started coverage on Brighthouse Financial in a report on Wednesday, September 4th. They issued an “equal weight” rating and a $48.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $50.63.

Brighthouse Financial Price Performance

BHF opened at $50.80 on Monday. The business has a fifty day moving average price of $48.46 and a 200 day moving average price of $45.81. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.92 and a quick ratio of 0.92. Brighthouse Financial has a 12 month low of $40.00 and a 12 month high of $56.24.

Hedge Funds Weigh In On Brighthouse Financial

A number of institutional investors have recently made changes to their positions in BHF. US Bancorp DE raised its holdings in Brighthouse Financial by 0.9% in the third quarter. US Bancorp DE now owns 35,755 shares of the company’s stock valued at $1,610,000 after acquiring an additional 319 shares in the last quarter. CWM LLC lifted its position in shares of Brighthouse Financial by 29.4% during the third quarter. CWM LLC now owns 1,491 shares of the company’s stock worth $67,000 after purchasing an additional 339 shares during the last quarter. Creative Planning grew its stake in Brighthouse Financial by 5.7% in the third quarter. Creative Planning now owns 7,843 shares of the company’s stock worth $353,000 after purchasing an additional 420 shares in the last quarter. KBC Group NV increased its holdings in Brighthouse Financial by 30.2% in the third quarter. KBC Group NV now owns 2,001 shares of the company’s stock valued at $90,000 after buying an additional 464 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its holdings in Brighthouse Financial by 989.5% during the 3rd quarter. Venturi Wealth Management LLC now owns 621 shares of the company’s stock worth $28,000 after buying an additional 564 shares during the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Brighthouse Financial

In related news, EVP John Rosenthal sold 4,265 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $46.04, for a total transaction of $196,360.60. Following the transaction, the executive vice president now directly owns 86,262 shares of the company’s stock, valued at approximately $3,971,502.48. The trade was a 4.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Myles Lambert sold 8,400 shares of the stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $51.70, for a total value of $434,280.00. Following the completion of the transaction, the executive vice president now directly owns 33,407 shares of the company’s stock, valued at $1,727,141.90. This represents a 20.09 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.40% 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.