Analysts are weighing in on how Metlife Inc (NYSE:MET), might perform in the near term. Wall Street analysts have a much less favorable assessment of the stock, with a mean rating of 2.1. The stock is rated as buy by 6 analysts, with 5 outperform and 6 hold rating. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for strong sell.
For the current quarter, the 16.00 analysts offering adjusted EPS forecast have a consensus estimate of $1.39 a share, which would compare with $1.56 in the same quarter last year. They have a high estimate of $1.46 and a low estimate of $1.32. Revenue for the period is expected to total nearly $17.33B from $17.36B the year-ago period.
For the full year, 18.00 Wall Street analysts forecast this company would deliver earnings of 5.45 per share, with a high estimate of $5.79 and a low estimate of $5.17. It had reported earnings per share of $4.86 in the corresponding quarter of the previous year. Revenue for the period is expected to total nearly $68.65B versus 69.47B in the preceding year.
The analysts project the company to maintain annual growth of around 12.40% percent over the next five years as compared to an average growth rate of 9.32% percent expected for its competitors in the same industry.
Among the 14 analysts Data provided by Thomson/First Call tracks, the 12-month average price target for MET is $51.00 but some analysts are projecting the price to go as high as $62.00. If the optimistic analysts are correct, that represents a 47 percent upside potential from the recent closing price of $42.22. Some sell-side analysts, particularly the bearish ones, have called for $44.00 price targets on shares of Metlife Inc (NYSE:MET).
In the last reported results, the company reported earnings of $1.56 per share, while analysts were calling for share earnings of $1.49. It was an earnings surprise of 4.70%percent. In the matter of earnings surprises, the term Cockroach Effect is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
MetLife, Inc. provides life insurance, annuities, employee benefits, and asset management products in the United States, Japan, Latin America, Asia, Europe, and the Middle East. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits; Corporate Benefit Funding; Latin America; Asia; and Europe, the Middle East and Africa. The company provides variable, universal, term, and whole life products; individual disability income products; personal lines property and casualty insurance, including private passenger automobile, homeowners, and personal excess liability insurance; and variable and fixed annuities for asset accumulation and distribution needs, as well as mutual funds and other securities products. It also offers group insurance products, such as variable, universal, and term life products; dental, group short- and long-term disability, and accidental death and dismemberment coverages; and voluntary and worksite products consisting of personal lines property and casualty insurance, as well as LTC, prepaid legal plans, and critical illness products. In addition, the company provides annuity and investment products comprising guaranteed interest products and other stable value products, income annuities, and separate account contracts for the investment management of defined benefit and defined contribution plan assets; and structured settlements and products to fund postretirement benefits and company-, bank- or trust-owned life insurance, as well as health insurance, group medical, credit insurance, endowment, retirement, and savings products. It serves individuals and corporations, as well as other institutions and their employees. The company sells its products through sales forces, third-party organizations, independent agents, and property and casualty specialists, as well as through career agency, bancassurance, direct marketing, brokerage, and e-commerce channels. MetLife, Inc. was founded in 1863 and is based in New York, New York.