Story updated at 10 a.m. to reflect market activity.
Shares of MetLife were gaining 0.3% to $52.95 in morning trading.
The analyst firm lowered its 2014 EPS estimates for the insurance provider to $5.78 a share from $5.80 a share. Credit Suisse lowered its 2015 EPS estimates for MetLife to $5.95 a share from its previous estimates of $6.05 a share.
"All in all, MET expects the continuation of good organic growth in its international businesses excluding the impact of currency," Credit Suisse analysts wrote. "For the US, there is a more mixed picture with slow top line growth and weaker investment spreads due to low interest rates, offset by improved underwriting results. Following erosion of sales in both variable annuities and individual life insurance, MET also expects a sales recovery in both lines of business, albeit off a low base."
Separately, TheStreet Ratings team rates METLIFE INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate METLIFE INC (MET) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income, revenue growth, attractive valuation levels and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- METLIFE INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past year. We feel that this trend should continue. During the past fiscal year, METLIFE INC increased its bottom line by earning $2.91 versus $1.09 in the prior year. This year, the market expects an improvement in earnings ($5.80 versus $2.91).
- The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Insurance industry. The net income increased by 115.4% when compared to the same quarter one year prior, rising from $972.00 million to $2,094.00 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 21.6%. Since the same quarter one year prior, revenues rose by 15.4%. Growth in the company's revenue appears to have helped boost the earnings per share.
- Net operating cash flow has significantly increased by 50.89% to $4,029.00 million when compared to the same quarter last year. The firm also exceeded the industry average cash flow growth rate of 33.95%.
- You can view the full analysis from the report here: MET Ratings Report