[Business Wire] – Companies in Latin America are looking to employee benefit programs to increase employee productivity and attract and retain talent in a highly competitive business environment, according to a new study released today by MetLife, Inc.
Read more on this.
MetLife, Inc. (MET), currently valued at $51.95B, opened this morning at $47.45.
Looking at today’s trading action, the company’s one day range from $47.31 to $47.58 and has traded between $30.55 and $51.65 over the past 12 months.
Priced at 8.40x this year’s forecasted earnings, MET shares are relatively inexpensive compared to the industry’s 16.45x forward p/e ratio.
And for dividend hunters, the company pays shareholders $1.10 per share annually in dividends, yielding 2.30%.
Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $1.37 per share, which would be $0.12 better than the year-ago quarter and a $0.01 sequential increase. What we find to be interesting is that the full-year EPS estimate of $5.63 is a $0.35 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $17.43 Billion. If realized, that would be a 0.58% increase over the year-ago quarter.
More recently, Deutsche Bank Initiated MET at Hold (Jan 9, 2013). Previously, UBS Initiated MET at to Buy.
The average price target for MET shares by the analysts covering the stock is $56.56, which is 19.20% above where the stock opened this morning.
MetLife Inc. (NYSE:MET), through its subsidiaries, provides insurance, annuities and employee benefit programs in the United States, Japan, Latin America, the Middle East, Asia and Europe. It operates in six segments: Retail; Group, Voluntary & Worksite Benefits and Corporate Benefit Funding.
Tag Helper ~ Stock Code: MET | Common Company name: MetLife | Full Company name: MetLife Inc. (NYSE:MET) .