Metlife Offers Cautious Guidance for Q4, FY12, and FY13 (MET)


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Insurance provider, Metlife Inc( MET ) reported expected earnings for Q4, 2012, and 2013 on Thursday.

The company is estimating fourth quarter earnings in the range of $1.2 billion to $1.3 billion, or $1.12 to $1.22 per share. Last year, MET saw earnings of $1.2 billion, or $1.17 per share. Analyst expect to see EPS of $1.23.

MET reported that they are expecting full year 2012 earnings to be in the range of $5.5 billion to $5.6 billion, or $5.15 to $5.25 per share. This estimate would be a 19% increase from last years earnings of $4.7 billion, or $4.38 per share. Analysts are expecting EPS of $5.25.

MetLife's CEO Steven A. Kandarian commented, "In 2012, we expect operating earnings to increase 19% over 2011, which reflects both solid investment spreads as well as favorable insurance margins."

Kandarian also noted, "during the year, we continued to benefit from our strong risk management focus and good expense management. We also made significant progress on our strategic objectives, expanding in emerging markets, reducing product risk, growing our global employee benefits business and becoming more customer centric."

Looking ahead, the company estimates 2013 earnings to be in the range of $5.5 billion to $5.9 billion, or $4.95 to $5.35 per share. Analysts expect earnings of $5.47.

Metlife shares were up 54 cents, or 1.61% during premarket trading Thursday. The stock is up 7.7% YTD.

The Bottom Line
Shares of Metlife ( MET ) have a 2.20% dividend yield, based on last night's closing stock price of $33.61. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36-$37 price levels.

Metlife Inc( MET )is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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