MetLife (MET) to Release Quarterly Earnings on Wednesday

MetLife (NYSE:MET) is projected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $2.13 per share and revenue of $19.49 billion for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

MetLife Stock Down 1.4 %

MET opened at $85.73 on Wednesday. The business’s fifty day simple moving average is $83.88 and its 200 day simple moving average is $80.22. The company has a quick ratio of 0.16, a current ratio of 0.16 and a debt-to-equity ratio of 0.51. MetLife has a 52 week low of $64.61 and a 52 week high of $89.05. The firm has a market cap of $59.36 billion, a P/E ratio of 17.28, a PEG ratio of 0.65 and a beta of 1.07.

MetLife Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 11th. Shareholders of record on Tuesday, February 4th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date is Tuesday, February 4th. MetLife’s payout ratio is 43.95%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MET shares. BMO Capital Markets started coverage on MetLife in a research note on Thursday, January 23rd. They issued a “market perform” rating and a $97.00 price target on the stock. Piper Sandler lifted their price objective on MetLife from $85.00 to $92.00 and gave the company an “overweight” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lifted their price objective on MetLife from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, January 7th. Barclays boosted their price target on MetLife from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, TD Cowen upped their target price on MetLife from $97.00 to $99.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.46.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; 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, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.