Equities research analysts expect Manulife Financial Corp (NYSE:MFC) (TSE:MFC) to post $0.44 earnings per share for the current quarter, according to Zacks. Zero analysts have made estimates for Manulife Financial Corp’s earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.42. Manulife Financial Corp posted earnings of $0.37 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.9%. The business is scheduled to report its next earnings report on Thursday, November 9th.

On average, analysts expect that Manulife Financial Corp will report full-year earnings of $1.74 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.80. For the next year, analysts expect that the company will post earnings of $1.88 per share, with EPS estimates ranging from $1.75 to $1.98. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Manulife Financial Corp.

Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, August 9th. The financial services provider reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.01. The firm had revenue of $12.34 billion during the quarter, compared to analyst estimates of $16.09 billion. During the same quarter in the prior year, the business earned $0.40 earnings per share.

A number of equities analysts recently issued reports on MFC shares. ValuEngine downgraded shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub raised shares of Manulife Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research raised shares of Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research note on Monday, July 10th. Finally, National Bank Financial reissued a “sector perform overweight” rating on shares of Manulife Financial Corp in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $23.33.

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A number of large investors have recently made changes to their positions in MFC. Creative Planning boosted its stake in shares of Manulife Financial Corp by 6.6% in the first quarter. Creative Planning now owns 28,090 shares of the financial services provider’s stock worth $498,000 after buying an additional 1,744 shares during the period. Regentatlantic Capital LLC boosted its stake in shares of Manulife Financial Corp by 0.8% in the first quarter. Regentatlantic Capital LLC now owns 22,841 shares of the financial services provider’s stock worth $405,000 after buying an additional 182 shares during the period. Coastline Trust Co boosted its stake in shares of Manulife Financial Corp by 8.3% in the first quarter. Coastline Trust Co now owns 63,120 shares of the financial services provider’s stock worth $1,120,000 after buying an additional 4,850 shares during the period. Huntington National Bank boosted its stake in shares of Manulife Financial Corp by 220.4% in the first quarter. Huntington National Bank now owns 10,354 shares of the financial services provider’s stock worth $184,000 after buying an additional 7,122 shares during the period. Finally, Korea Investment CORP boosted its stake in shares of Manulife Financial Corp by 269.0% in the first quarter. Korea Investment CORP now owns 1,160,497 shares of the financial services provider’s stock worth $20,527,000 after buying an additional 845,997 shares during the period. Institutional investors and hedge funds own 48.30% of the company’s stock.

Shares of Manulife Financial Corp (NYSE MFC) opened at 19.73 on Wednesday. Manulife Financial Corp has a 52 week low of $13.10 and a 52 week high of $20.84. The stock has a 50 day moving average price of $19.78 and a 200 day moving average price of $18.37. The firm has a market capitalization of $38.70 billion, a P/E ratio of 13.51 and a beta of 1.30.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, August 22nd will be issued a $0.1621 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date is Friday, August 18th. This is a boost from Manulife Financial Corp’s previous quarterly dividend of $0.15. Manulife Financial Corp’s dividend payout ratio is 43.48%.

About Manulife Financial Corp

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

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Earnings History and Estimates for Manulife Financial Corp (NYSE:MFC)

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