Earnings Results Analysis: Brighthouse Financial (NASDAQ: BHF)

On Wednesday, Shares of Brighthouse Financial (NASDAQ: BHF) gained 0.29% to $41.13. The stock grabbed the investor’s attention and traded 1,179,342 shares as compared to its average daily volume of 1.97M shares. The stock’s institutional ownership stands at 96.70%.

Brighthouse Financial Inc. (BHF) stated fourth-quarter net income of $1.44B. On a per-share basis, the Charlotte, North Carolina-based company said it had net income of $12.14. Earnings, adjusted for non-recurring gains, were $1.56 per share. The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.74 per share.

The annuity and Life Insurance Company posted revenue of $4.03B in the period.

For the year, the company stated profit of $865.0M, or $7.21 per share. Revenue was stated as $8.97B.

BHF has a market value of $4.80B while its EPS was booked as $7.19 in the last 12 months. The stock has 116.65M shares outstanding. Analyst recommendation for this stock stands at 3.20.

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Jerry Simmons

I am Jerry Simmons and I focus on breaking news stories and ensuring we (“Digital Wall”) offer timely reporting on some of the most recent stories released through market wires about “Financial” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Digital Wall specializing in quicker moving active shares with a short term view on investment opportunities and trends. <strong>Address:</strong> 4042 Braxton Street, Sterling, IL 61081, USA <strong>Phone:</strong> (+1) 815-535-4324 <strong>Email: </strong>[email protected]

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