2024-01-26 17:07:14 ET
Summary
- MetLife's upcoming earnings report for fiscal year 2023 is expected to have a positive outlook with a full-year EPS estimate of 7.35.
- The potential for increased profitability from higher interest rates may lead to short-term positive reactions.
- The current dividend yield of 3% is well covered and there's plenty of room to grow since the payout ratio is only 30%.
Overview
I previously rated MetLife, Inc. (MET) a hold in my last article published at the end of October. Since then, the price has moved up more than 20% to my surprise. With earnings on the horizon, I stay weary of starting a position here after the price runs up. To have a more confident stance on entry, I would like to see if the upcoming earnings report on Feb. 5 meets my expectations. So let's dig in and determine whether or not MET deserves a spot in your portfolio!...
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For further details see:
MetLife: Expected Net Investment Growth For Upcoming Earnings