What is Cormark’s Estimate for TSE:MFC Q1 Earnings?

Manulife Financial Co. (TSE:MFCFree Report) (NYSE:MFC) – Equities researchers at Cormark issued their Q1 2025 EPS estimates for Manulife Financial in a report issued on Wednesday, April 30th. Cormark analyst L. Persaud anticipates that the financial services provider will post earnings per share of $0.97 for the quarter. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

Other analysts have also recently issued reports about the stock. Scotiabank decreased their price target on shares of Manulife Financial from C$53.00 to C$50.00 and set an “outperform” rating for the company in a research report on Thursday. Jefferies Financial Group decreased their price objective on shares of Manulife Financial from C$51.00 to C$46.00 in a research report on Monday, April 21st. Royal Bank of Canada set a C$51.00 target price on Manulife Financial and gave the stock an “outperform” rating in a research report on Tuesday, April 15th. TD Securities increased their price target on Manulife Financial from C$48.00 to C$49.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Finally, CIBC reduced their price target on Manulife Financial from C$48.00 to C$46.00 and set a “neutral” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$46.00.

Get Our Latest Analysis on Manulife Financial

Manulife Financial Stock Up 1.1 %

Shares of TSE MFC opened at C$42.70 on Thursday. Manulife Financial has a 52-week low of C$32.24 and a 52-week high of C$46.42. The firm has a fifty day moving average of C$42.15 and a 200-day moving average of C$43.12. The stock has a market capitalization of C$74.90 billion, a PE ratio of 13.29, a P/E/G ratio of 1.01 and a beta of 1.06.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Manulife Financial’s previous quarterly dividend of $0.40. Manulife Financial’s dividend payout ratio (DPR) is currently 49.79%.

Insiders Place Their Bets

In related news, Director Brooks Tingle sold 3,866 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of C$43.43, for a total value of C$167,882.21. Also, Director Kenneth Michael Ross sold 3,219 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of C$44.91, for a total value of C$144,572.68. Insiders have sold a total of 18,683 shares of company stock valued at $816,102 in the last quarter. Insiders own 0.03% of the company’s stock.

Manulife Financial Company Profile

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Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.

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Earnings History and Estimates for Manulife Financial (TSE:MFC)

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