Wall Street brokerages expect that MetLife, Inc. (NYSE:MET) will announce earnings of $1.63 per share for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for MetLife’s earnings. The highest EPS estimate is $1.82 and the lowest is $1.40. MetLife posted earnings of $2.03 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 19.7%. The business is expected to announce its next earnings report on Wednesday, February 2nd.
On average, analysts expect that MetLife will report full year earnings of $8.61 per share for the current financial year, with EPS estimates ranging from $8.40 to $8.80. For the next year, analysts forecast that the business will report earnings of $7.24 per share, with EPS estimates ranging from $7.05 to $7.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover MetLife.
MetLife (NYSE:MET) last posted its earnings results on Wednesday, November 3rd. The financial services provider reported $2.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.66 by $0.73. MetLife had a return on equity of 11.62% and a net margin of 7.77%. During the same quarter in the prior year, the firm posted $1.73 earnings per share.
Several institutional investors have recently made changes to their positions in MET. BlackRock Inc. grew its stake in shares of MetLife by 8.9% during the second quarter. BlackRock Inc. now owns 71,059,433 shares of the financial services provider’s stock worth $4,252,908,000 after purchasing an additional 5,797,903 shares during the period. Amundi acquired a new position in MetLife in the second quarter valued at about $150,459,000. Prospera Financial Services Inc grew its stake in MetLife by 3,588.7% in the second quarter. Prospera Financial Services Inc now owns 2,151,701 shares of the financial services provider’s stock valued at $1,385,000 after acquiring an additional 2,093,369 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in MetLife by 161.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,456,388 shares of the financial services provider’s stock valued at $147,015,000 after acquiring an additional 1,517,031 shares during the period. Finally, Nordea Investment Management AB grew its stake in MetLife by 102.6% in the third quarter. Nordea Investment Management AB now owns 2,686,654 shares of the financial services provider’s stock valued at $168,614,000 after acquiring an additional 1,360,845 shares during the period. 89.84% of the stock is owned by institutional investors and hedge funds.
MET traded down $0.73 during trading on Thursday, hitting $62.63. The company’s stock had a trading volume of 4,469,626 shares, compared to its average volume of 4,961,920. The firm’s 50 day moving average price is $63.55 and its two-hundred day moving average price is $62.21. The company has a quick ratio of 0.14, a current ratio of 0.14 and a debt-to-equity ratio of 0.21. MetLife has a 12 month low of $44.62 and a 12 month high of $67.68. The stock has a market capitalization of $52.68 billion, a price-to-earnings ratio of 10.32, a price-to-earnings-growth ratio of 0.80 and a beta of 1.27.
MetLife announced that its Board of Directors has approved a share repurchase program on Wednesday, August 4th that authorizes the company to buyback $3.00 billion in shares. This buyback authorization authorizes the financial services provider to repurchase up to 6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 14th. Investors of record on Tuesday, November 9th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, November 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.07%. MetLife’s dividend payout ratio (DPR) is presently 31.63%.
MetLife, Inc provides insurance and financial services to individual and institutional customers. It offers life insurance, annuities, automobile and homeowner’s insurance and retail banking services to individuals as well as group insurance, reinsurance and retirement and savings products and services.
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