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As of close of business last night, Brighthouse Financial Inc’s stock clocked out at $45.77, down -10.38% from its previous closing price of $51.07. In other words, the price has decreased by -$10.38 from its previous closing price. On the day, 1.31 million shares were traded. BHF stock price reached its highest trading level at $49.45 during the session, while it also had its lowest trading level at $45.44.
Ratios:
To gain a deeper understanding of BHF’s stock, we examine its different ratios. In the meantime, Its Debt-to-Equity ratio is 0.75 whereas as Long-Term Debt/Eq ratio is at 0.75.
On December 15, 2023, Keefe Bruyette Downgraded its rating to Underperform which previously was Mkt Perform and also lowered its target price recommendation from $54 to $50.
Goldman Downgraded its Neutral to Sell on September 21, 2023, whereas the target price for the stock was revised from $47 to $43.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Feb 26 ’24 when Steigerwalt Eric T sold 25,000 shares for $46.96 per share. The transaction valued at 1,174,012 led to the insider holds 390,765 shares of the business.
Lambert Myles sold 10,000 shares of BHF for $471,100 on Feb 26 ’24. The EVP,Chief Mktg.& Dist. Officer now owns 61,984 shares after completing the transaction at $47.11 per share. On Feb 26 ’24, another insider, Rosenthal John, who serves as the EVP & Chief Investment Officer of the company, sold 10,000 shares for $46.86 each. As a result, the insider received 468,600 and left with 111,452 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BHF now has a Market Capitalization of 2860570112 and an Enterprise Value of 4914391040. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.66 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 1.506.
Stock Price History:
The Beta on a monthly basis for BHF is 1.12, which has changed by 0.25325155 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. Over the past 52 weeks, BHF has reached a high of $56.24, while it has fallen to a 52-week low of $39.24. The 50-Day Moving Average of the stock is -5.64%, while the 200-Day Moving Average is calculated to be -7.87%.
Shares Statistics:
It appears that BHF traded 484.83K shares on average per day over the past three months and 675180 shares per day over the past ten days. A total of 63.50M shares are outstanding, with a floating share count of 62.13M. Insiders hold about 1.19% of the company’s shares, while institutions hold 82.06% stake in the company. Shares short for BHF as of 1713139200 were 1142377 with a Short Ratio of 2.36, compared to 1710460800 on 1274045. Therefore, it implies a Short% of Shares Outstanding of 1142377 and a Short% of Float of 2.8499998.
Earnings Estimates
Its stock is currently analyzed by 8.0 different market analysts. On average, analysts expect EPS of $3.87 for the current quarter, with a high estimate of $4.23 and a low estimate of $3.27, while EPS last year was $2.86. The consensus estimate for the next quarter is $4.48, with high estimates of $4.76 and low estimates of $4.06.
Analysts are recommending an EPS of between $18.05 and $16.45 for the fiscal current year, implying an average EPS of $17.35. EPS for the following year is $19.88, with 9.0 analysts recommending between $21.5 and $18.97.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $2.14B. It ranges from a high estimate of $2.18B to a low estimate of $2.11B. As of the current estimate, Brighthouse Financial Inc’s year-ago sales were $1.99BFor the next quarter, 5 analysts are estimating revenue of $2.19B. There is a high estimate of $2.25B for the next quarter, whereas the lowest estimate is $2.14B.
A total of 7 analysts have provided revenue estimates for BHF’s current fiscal year. The highest revenue estimate was $8.95B, while the lowest revenue estimate was $8.48B, resulting in an average revenue estimate of $8.72B. In the same quarter a year ago, actual revenue was $8.38BBased on 7 analysts’ estimates, the company’s revenue will be $8.9B in the next fiscal year. The high estimate is $9.24B and the low estimate is $8.49B.
