Insurance provider, Metlife Inc(
) reported expected earnings for Q4, 2012, and 2013 on
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
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
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 (
) 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.
)is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.2 out of 5 stars.
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