Metlife Inc (MET) Releases Earnings Results, Misses Expectations By $-0.52 EPS

Metlife Inc (MET) reported quarterly earnings results on Wednesday, Aug-3-2016. The company reported $0.83 earnings per share for the quarter, missing the analyst consensus estimate by $-0.52. Analysts had a consensus of $1.35. The company posted revenue of $16955.00 million in the period, compared to analysts expectations of $17201.68 million. The company’s revenue was down -2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.56 EPS.

Many Wall Street Analysts have commented on Metlife Inc. Shares were Downgraded by Deutsche Bank on Jul 13, 2016 to ” Hold” and Lowered the Price Target to $ 44 from a previous price target of $47 .

Metlife Inc closed down -0.34 points or -0.80% at $42.21 with 60,99,474 shares getting traded on Tusday. Post opening the session at $42.69, the shares hit an intraday low of $41.875 and an intraday high of $43.1 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

Investors should note that on Jul 7, 2016, Metlife Inc announced a cash dividend of $0.4000. The company’s management has announced Aug 4, 2016 as the ex-dividend date and fixed the record date on Aug 8, 2016. The payable date has been fixed on Sep 13, 2016.

In a different news, on Jul 5, 2016, Maria R Morris (EVP, Global Employee Benefits) sold 2,000 shares at $39.43 per share price. According to the SEC, on Dec 4, 2015, Kenton J Sicchitano (director) sold 9,503 shares at $50.78 per share price. On Jun 30, 2015, James M Kilts (director) sold 145 shares at $25.06 per share price, according to the Form-4 filing with the securities and exchange commission.

MetLife Inc. (MetLife) is a provider of life insurance annuities employee benefits and asset management. The Company’s segments include Retail; Group Voluntary & Worksite Benefits and Corporate Benefit Funding. Its three geographic segments are Latin America (collectively the Americas); Asia and Europe the Middle East and Africa (EMEA). In addition MetLife’s Corporate & Other includes MetLife Home Loans LLC (MLHL) the surviving non-bank entity of the merger of MetLife Bank National Association (MetLife Bank) with and into MLHL and other business activities. Through its subsidiaries and affiliates it operates in the United States Japan Latin America Asia Europe and the Middle East. The Company‘s businesses in the Americas offer a range of protection products and services.

Metlife Inc

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