Manulife Financial Corp. (MFC) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Manulife Financial Corp. (TSE:MFC) issued its quarterly earnings data on Friday. The company reported $0.36 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.40 by $0.04, StockRatingsNetwork.com reports.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs initiated coverage on shares of Manulife Financial Corp. in a research note on Thursday, June 26th. They set a “neutral” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Manulife Financial Corp. in a research note on Monday, May 26th. They set a “buy” rating and a C$22.00 price target on the stock. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Manulife Financial Corp. has a consensus rating of “Buy” and a consensus price target of C$22.63.
Manulife Financial Corp. (TSE:MFC) opened at 21.70 on Friday. Manulife Financial Corp. has a 1-year low of $16.86 and a 1-year high of $22.53. The stock has a 50-day moving average of $21.68 and a 200-day moving average of $21.00. The company has a market cap of $40.232 billion and a P/E ratio of 12.41.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 19th. Investors of record on Tuesday, August 19th will be paid a dividend of $0.155 per share. This represents a $0.62 annualized dividend and a dividend yield of 2.86%.
Manulife Financial Corporation (TSE:MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States.
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