Brokers Issue Forecasts for Metlife Inc’s Q3 2019 Earnings (NYSE:MET)

Metlife Inc (NYSE:MET) – Analysts at B. Riley issued their Q3 2019 earnings per share (EPS) estimates for Metlife in a research note issued on Monday, October 21st. B. Riley analyst R. Binner forecasts that the financial services provider will post earnings of $1.42 per share for the quarter. B. Riley currently has a “Neutral” rating on the stock.

Several other brokerages also recently weighed in on MET. Zacks Investment Research raised shares of Metlife from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a research note on Friday, August 2nd. ValuEngine downgraded shares of Metlife from a “sell” rating to a “strong sell” rating in a research note on Monday. Wells Fargo & Co boosted their target price on shares of Metlife from $55.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Citigroup cut their target price on shares of Metlife from $42.00 to $41.00 and set a “sell” rating for the company in a research note on Friday, September 13th. Finally, Morgan Stanley cut their target price on shares of Metlife from $54.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 20th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. Metlife has a consensus rating of “Hold” and a consensus target price of $49.51.

NYSE:MET opened at $46.55 on Wednesday. The company has a market capitalization of $43.58 billion, a PE ratio of 8.64, a price-to-earnings-growth ratio of 0.98 and a beta of 1.12. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.22. Metlife has a 52-week low of $37.76 and a 52-week high of $51.16. The stock has a fifty day simple moving average of $46.40 and a 200-day simple moving average of $47.24.

Metlife (NYSE:MET) last released its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.07. The business had revenue of $16.45 billion during the quarter, compared to the consensus estimate of $16.43 billion. Metlife had a return on equity of 9.75% and a net margin of 9.28%. The business’s revenue was down 22.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.30 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 5th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.78%. Metlife’s payout ratio is 32.65%.

A number of hedge funds have recently made changes to their positions in MET. Kavar Capital Partners LLC purchased a new stake in Metlife in the 2nd quarter valued at about $25,000. Motco grew its holdings in Metlife by 160.6% in the 2nd quarter. Motco now owns 516 shares of the financial services provider’s stock valued at $26,000 after buying an additional 318 shares during the period. Coastal Capital Group Inc. purchased a new stake in Metlife in the 2nd quarter valued at about $30,000. Meeder Asset Management Inc. grew its holdings in Metlife by 2,474.2% in the 2nd quarter. Meeder Asset Management Inc. now owns 798 shares of the financial services provider’s stock valued at $40,000 after buying an additional 767 shares during the period. Finally, Clean Yield Group grew its holdings in Metlife by 3,681.8% in the 2nd quarter. Clean Yield Group now owns 832 shares of the financial services provider’s stock valued at $41,000 after buying an additional 810 shares during the period. 75.60% of the stock is owned by hedge funds and other institutional investors.

About Metlife

MetLife, Inc engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short- and long-term disability, individual disability, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and stable value products, including general and separate account guaranteed interest contracts, and private floating rate funding agreements.

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Earnings History and Estimates for Metlife (NYSE:MET)

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