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MET

MetLife

$45.20

0.58 (1.30%)

16:16
02/13/18
02/13
16:16
02/13/18
16:16

MetLife reports Q4 operating EPS 64c, consensus 86c

Reports Q4 revenue $15.75B, consensus $15.51B. Book value, excluding accumulated other comprehensive income other than foreign currency translation adjustments, was $42.24 per share, down 15 percent from $49.61 per share at December 31, 2016. "Although our underlying financial performance remained solid, the reserve charge and its impact on our fourth quarter and full year earnings - as well as the material weakness that led us to delay our earnings announcement - are unacceptable and deeply disappointing," said Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. "We can and will do better. We are rigorously addressing the situation and are committed to significantly improving our operational performance to better serve our customers and strengthen shareholders' confidence in our organization. MetLife is an iconic franchise with strong businesses, and we are working very hard to continue to successfully execute on our strategy and deliver great value to our customers and shareholders."

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MET MetLife
$45.20

0.58 (1.30%)

01/02/18
DBAB
01/02/18
INITIATION
Target $55
DBAB
Hold
MetLife initiated with a Hold at Deutsche Bank
Deutsche Bank analyst Joshua Shanker started MetLife with a Hold rating and $55 price target. The analyst sees limited share upside until the company can generate a consistency of earnings growth.
01/19/18
SBSH
01/19/18
NO CHANGE
Target $63
SBSH
Buy
Citi removes Voya Financial, adds Prudential to Focus List
Citi analyst Suneet Kamath removed Voya Financial (VOYA) from his firm's Focus List saying the sale of its Annuity operation, a significant positive catalyst, is largely reflected in the valuation. The analyst keeps a Buy rating on the shares with a $63 price target. Kamath added Prudential (PRU) to the Focus List and keeps a Buy rating on the shares with a $130 price target. He believes the company could replace MetLife (MET) as the "default, large-cap life insurer in the space for investors to own." The analyst keeps a Sell rating on MetLife with a $48 price target.
01/31/18
GSCO
01/31/18
DOWNGRADE
Target $57
GSCO
Buy
MetLife downgraded to Buy from Conviction Buy at Goldman Sachs
Goldman analyst Alex Scott removed MetLife from the Conviction Buy List due to ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. The analyst said there is potential for further reserve action resulting in earnings risk driven by lower potential capital deployment due to the risk of MetLife halting share repurchases. Scott maintains a Buy rating on MetLife and a $57 price target on shares.
01/31/18
01/31/18
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Apple (AAPL) downgraded to Market Perform from Outperform at BMO Capital with analyst Tim Long saying that while the press has recently speculated about the order cuts for iPhone X, which he says reflects his first quarter model for a "weaker mix," he is "more concerned by a secular change" for the iPhone product. AK Steel (AKS) downgraded to Underperform from Buy at BofA/Merrill with analyst Timna Tanners saying AK Steel's "disappointing" first quarter and normalized earnings guidance is due to management's "commodity neutral approach," which limits benefits from higher steel prices. 3. U.S. Bancorp (USB) downgraded to Underweight from Neutral at JPMorgan with analyst Vivek Juneja saying the benefit from tax cuts and improving consumer spending are likely to be offset by increased tech spending. 4. Wayfair (W) downgraded to Accumulate from Buy at Gordon Haskett analyst Chuck Grom saying he believes it is important to remain disciplined with the stock at an all-time high, though Grom notes the rating change should not be interpreted as a concern for near-term sales trends, which he believes appear strong. 5. MetLife (MET) downgraded to Buy from Conviction Buy at Goldman Sachs with analyst Alex Scott citing ongoing uncertainty from an expanded reserve review following the announcement it will incur a $525M-$575M charge. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

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SBUX

Starbucks

$50.62

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Amgen

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LLY

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MRK

Merck

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SHPG

Shire

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RHHBY

Roche

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SNY

Sanofi

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TAC

TransAlta

$4.95

(0.00%)

04:55
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  • 22

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NUVA

NuVasive

$55.48

-1.18 (-2.08%)

04:55
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NuVasive has a conference call hosted by JPMorgan »

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HUBG

Hub Group

$53.05

-0.8 (-1.49%)

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  • 22

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PVAC

Penn Virginia

$79.38

-1.7 (-2.10%)

, ALOG

Analogic

$83.98

0.025 (0.03%)

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PVAC

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$79.38

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ALOG

Analogic

$83.98

0.025 (0.03%)

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FLR

Fluor

$48.68

-1.035 (-2.08%)

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INST

Instructure

$45.00

-1.675 (-3.59%)

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Instructure management to meet with Needham »

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RLH

Red Lion Hotels

$11.70

-0.15 (-1.27%)

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  • 22

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NUVA

NuVasive

$55.48

-1.18 (-2.08%)

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IRTC

iRhythm

$79.00

-1.67 (-2.07%)

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  • 22

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EURN

Euronav NV

$9.80

0.1 (1.03%)

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  • 22

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PRMW

Primo Water

$17.78

0.02 (0.11%)

04:55
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  • 22

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SWN

Southwestern Energy

$5.27

-0.105 (-1.95%)

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AMSWA

American Software

$14.94

-0.21 (-1.39%)

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