MetLife, Inc. (NYSE:MET) Given Price Target Of $50.5


As per MetLife, Inc. (NYSE:MET)’s news release on 2016-07-08, its shareholders will get cash dividend of $0.4 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-08 and 2016-09-13, respectively.

The stock will commence trading ex-dividend from 2016-08-04, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year MetLife, Inc. (NYSE:MET) disbursed $0.4 in dividend compared to distribution of $0.4, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 11.3208%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated MetLife, Inc. (NYSE:MET) to attain a price target of $50.5. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $62. The low price range is set at $44 for next year while the arithmetic mean is seen at 1.8.

Eyeing Earnings MetLife, Inc. (NYSE:MET) is likely to post quarterly numbers around 2016-11-02 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $1.24 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, MetLife, Inc. (NYSE:MET) earnings came at $0.83 suggesting a deviation of $-0.53. The brokerages targeted EPS of $1.36 for the quarter.

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