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BHF

Brighthouse Financial

$40.06

0.97 (2.48%)

16:28
11/04/19
11/04
16:28
11/04/19
16:28

Brighthouse Financial reports Q3 adjusted EPS $2.33, consensus $2.18

Reports Q3 revenue $3.19B, may not compare to consensus $2.06B. "We delivered solid results during the third quarter of 2019 as we continued to execute our strategy," said Eric Steigerwalt, president and CEO, Brighthouse Financial. "Our sales remained strong, our hedging program continued to perform well, and we repurchased more of our common stock. Going forward, we remain confident in our strategy, which we believe will enable us to generate long-term value for our shareholders, our distribution partners, and the clients they serve."

  • 05

    Nov

BHF Brighthouse Financial
$40.06

0.97 (2.48%)

06/25/19
06/25/19
DOWNGRADE
Target $22

Underperform
Brighthouse Financial downgraded to Underperform on risk at Credit Suisse
As previously reported, Credit Suisse analyst Andrew Kligerman downgraded Brighthouse Financial to Underperform from Neutral on risk, and lowered his price target on the shares to $22 from $35. The analyst believes the stock appears expensive given its volatile distributable earnings and new accounting pressure.
06/25/19
06/25/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Tiffany (TIF) downgraded to Hold from Buy at Loop Capital with analyst Laura Champine saying she believes weak tourist traffic continues to impact global demand levels, adding that she is "concerned" that same-store sales growth may prove more difficult to achieve as the company laps its paper flowers launch. 2. GasLog Partners (GLOP) downgraded to Hold from Buy at Stifel with analyst Benjamin Nolan citing valuation and the announcement of an agreement to eliminate the GP's incentive distribution rights in exchange for newly issued limited partner units at a price that Nolan estimates "to be higher than necessary." 3. Kellogg (K) downgraded to Underweight from Equal Weight at Consumer Edge. 4. Delek US (DK) downgraded to Sell from Neutral at Goldman Sachs with analyst Neil Mehta saying the stock has risen 28% since June amid a favorable crude spread between Brent and Midland. 5. Brighthouse Financial (BHF) downgraded to Underperform from Neutral at Credit Suisse and to Sell from Neutral at Goldman Sachs. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
10/01/19
JPMS
10/01/19
NO CHANGE
JPMS
JPMorgan shifts Life Insurance view to negative from neutral
JPMorgan analyst Jimmy Bhullar shifted is view on the Life Insurance sector to negative from neutral ahead of the Q3 reporting season. His outlook for business fundamentals is "incrementally cautious" and he feels that consensus 2020 earnings estimates for most insurers are too high. In addition, stock prices do not seem to have reacted to the decline in interest rates, Bhullar tells investors in a research note. The analyst lowered his estimates for most companies, and his numbers for 2020 are now "considerably below" consensus on AIG (AIG), Hartford Financial (HIG), and Voya Financial (VOYA), but slightly above for Aflac (AFL) and Unum Group (UNM). For Q3, Bhullar thinks consensus estimates for Athene Holding (ATH) and Reinsurance Group (RGA) are" especially high," while numbers for Principal Financial (PFG) "seem conservative." Globe Life (GL) and Lincoln National (LNC) are the analyst's top picks and he remains negative on Brighthouse Financial (BHF).
10/14/19
SBSH
10/14/19
NO CHANGE
SBSH
Sell
Citi opens 'Negative Catalyst Watches' on Brighthouse, Prudential
Citi analyst Suneet Kamath opened "Negative Catalyst Watches" on both Sell-rated Brighthouse Financial (BHF) and Neutral-rated Prudential Financial (PRU) into Q3 earnings season. For Brighthouse, the analyst has concerns over low interest rates and distributable earnings. For Prudential, he sees the potential for an earnings disappointment. For the life insurance sector, 2020 consensus estimates could be too high due to pressure from low rates and the potential for an ongoing negative impact from Q3 assumption reviews. Further, forward estimates for U.S. life do not reflect the potential for higher credit losses, which are excluded from operating earnings, Kamath tells investors in a research note.

TODAY'S FREE FLY STORIES

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FLWS

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FFIV

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SPPI

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SRPT

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33.22 (33.09%)

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GPS

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AMRN

Amarin

$23.91

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10:25
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  • 28

    Dec

MSFT

Microsoft

$154.18

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Conference/Events
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QSR

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$66.41

-0.105 (-0.16%)

, PZZA

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$60.62

0.15 (0.25%)

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COP

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SAFM

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LOVE

Lovesac

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-0.75 (-6.35%)

, HBI

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OCFT

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, CIEN

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  • 17

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$NSD

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$NYE

NYSE Market Internals

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10:15
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Conference/Events
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General news
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OCFT

OneConnect

$0.00

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10:12
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Syndicate
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  • 13

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LMAT

LeMaitre

$35.48

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10:12
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Conference/Events
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  • 18

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