Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Manulife Financial to post earnings of $0.66 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Manulife Financial (NYSE:MFC – Get Free Report) (TSE:MFC) last released its earnings results on Wednesday, February 14th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.05. The firm had revenue of $10.96 billion during the quarter, compared to analyst estimates of $7.57 billion. Manulife Financial had a return on equity of 15.98% and a net margin of 10.42%. On average, analysts expect Manulife Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Manulife Financial Price Performance
MFC stock opened at $24.44 on Tuesday. The business’s 50-day moving average is $23.93 and its two-hundred day moving average is $21.89. The firm has a market capitalization of $43.89 billion, a P/E ratio of 12.66, a P/E/G ratio of 0.89 and a beta of 1.08. Manulife Financial has a 1 year low of $17.07 and a 1 year high of $25.14.
Manulife Financial Increases Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on MFC shares. BMO Capital Markets raised shares of Manulife Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $31.00 to $35.00 in a research report on Thursday, February 15th. Desjardins raised Manulife Financial from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Jefferies Financial Group initiated coverage on Manulife Financial in a research note on Thursday, February 22nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.
View Our Latest Report on Manulife Financial
Manulife Financial Company Profile
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.
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