FY2025 EPS Estimates for TSE:MFC Lowered by Analyst

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Equities research analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Manulife Financial in a report released on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings of $4.25 per share for the year, down from their prior forecast of $4.30. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

A number of other research firms also recently weighed in on MFC. Scotiabank increased their target price on shares of Manulife Financial from C$48.00 to C$49.00 in a research report on Friday, November 8th. Barclays increased their price objective on Manulife Financial from C$40.00 to C$47.00 in a report on Monday, January 6th. CIBC boosted their target price on Manulife Financial from C$42.00 to C$46.00 in a research note on Friday, November 8th. TD Securities increased their price target on Manulife Financial from C$45.00 to C$48.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. Finally, National Bankshares boosted their price objective on Manulife Financial from C$45.00 to C$47.00 in a research note on Thursday, November 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Manulife Financial has an average rating of “Moderate Buy” and an average target price of C$44.09.

Manulife Financial Price Performance

MFC opened at C$44.37 on Friday. The firm has a market cap of C$78.53 billion, a P/E ratio of 18.88, a PEG ratio of 1.01 and a beta of 1.06. The company has a debt-to-equity ratio of 49.60, a quick ratio of 2.58 and a current ratio of 36.68. Manulife Financial has a fifty-two week low of C$28.06 and a fifty-two week high of C$46.42. The firm has a 50-day moving average of C$44.48 and a 200 day moving average of C$40.24.

Manulife Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Wednesday, November 20th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Wednesday, November 20th. Manulife Financial’s dividend payout ratio (DPR) is presently 68.09%.

Insiders Place Their Bets

In other Manulife Financial news, Director Kenneth Michael Ross sold 4,243 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of C$45.80, for a total value of C$194,315.82. Also, Director Brooks Tingle sold 3,866 shares of Manulife Financial stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of C$46.07, for a total value of C$178,102.75. Insiders have sold 77,771 shares of company stock worth $3,508,584 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.