Company Update (NYSE:MET): MetLife Announces Fourth Quarter and Full Year 2015 Results

[Business Wire] – MetLife, Inc. today announced the following results for the fourth quarter and full year 2015: Read more on this. MetLife, Inc. (MET) , with a current market cap of $46.63B, opened this morning at $42.82. During the trading session, MET traded between $41.20 to $42.85 with a trailing 52-week range being $40.77 to $58.23. MET shares are currently priced at 8.91x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry ’s 13.13x earnings multiple. And for passive income investors, the company pays shareholders $1.50 per share annually in dividends, yielding 3.36%. According to a consensus of 18 analysts, the earnings estimate of $1.36 per share would be $0.02 worse than the year-ago quarter and a $0.09 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $5.01, which would be a $0.73 setback when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.61 Billion. If reported, that would be a 3.45% decrease over the year-ago quarter. More recently, Raymond James upgraded MET from Mkt Perform to Strong Buy (Jan 22, 2016). Previously, Macquarie upgraded MET from Neutral to Outperform. When considering if the stock is under or overvalued, the average price target is $56.60, which is 32.18% above where the stock opened this morning. See more in (NYSE:MET) Similar Articles: Stock Update (NYSE:MET): MetLife to Hold Conference Call for Fourth Quarter and Full Year 2015 Results Market Update: MetLife Inc (NYSE:MET) – MetLife Recognized as Military Friendly Employer for Fourth Year in a Row Company Update: MetLife Inc (NYSE:MET) – MetLife Declares Third Quarter 2015 Preferred Stock Dividend