Analysts Expect Manulife Financial Corp (MFC) to Announce $0.45 EPS
Brokerages expect that Manulife Financial Corp (NYSE:MFC) (TSE:MFC) will announce earnings per share (EPS) of $0.45 for the current quarter, according to Zacks. Zero analysts have made estimates for Manulife Financial’s earnings, with estimates ranging from $0.43 to $0.50. Manulife Financial reported earnings of $0.47 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.3%. The firm is scheduled to report its next quarterly earnings report on Thursday, February 8th.
According to Zacks, analysts expect that Manulife Financial will report full year earnings of $1.75 per share for the current year, with EPS estimates ranging from $1.72 to $1.79. For the next fiscal year, analysts expect that the company will post earnings of $1.95 per share, with EPS estimates ranging from $1.85 to $2.05. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Manulife Financial.
MFC has been the topic of several analyst reports. Morgan Stanley increased their target price on Manulife Financial from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. ValuEngine lowered Manulife Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. Finally, Zacks Investment Research lowered Manulife Financial from a “buy” rating to a “hold” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Manulife Financial presently has an average rating of “Buy” and an average price target of $25.00.
Shares of Manulife Financial (MFC) traded down $0.16 during trading hours on Thursday, hitting $20.86. The stock had a trading volume of 1,974,000 shares, compared to its average volume of 2,375,954. The stock has a market cap of $41,595.32, a PE ratio of 12.15, a P/E/G ratio of 1.27 and a beta of 1.33. Manulife Financial has a 1-year low of $16.62 and a 1-year high of $21.69.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st will be paid a $0.1606 dividend. The ex-dividend date is Monday, November 20th. This represents a $0.64 annualized dividend and a dividend yield of 3.08%. Manulife Financial’s payout ratio is 45.71%.
Manulife Financial Company Profile
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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