Zacks: Brokerages Anticipate Manulife Financial Corp (MFC) Will Announce Earnings of $0.44 Per Share

Analysts forecast that Manulife Financial Corp (NYSE:MFC) (TSE:MFC) will report earnings of $0.44 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Manulife Financial Corp’s earnings, with estimates ranging from $0.42 to $0.46. Manulife Financial Corp reported 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 company is expected to announce its next earnings results on Thursday, November 9th.

According to Zacks, analysts expect that Manulife Financial Corp will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.80. For the next fiscal year, analysts expect that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $1.98. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Manulife Financial Corp.

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

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Monday, July 10th. ValuEngine cut Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Manulife Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.33.

Manulife Financial Corp (NYSE MFC) traded up 0.26% during trading on Friday, hitting $19.46. 2,463,002 shares of the company traded hands. The stock has a 50 day moving average price of $19.97 and a 200 day moving average price of $18.46. Manulife Financial Corp has a 12-month low of $13.38 and a 12-month high of $20.84. The company has a market capitalization of $38.49 billion, a P/E ratio of 13.48 and a beta of 1.30.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd will be paid a $0.1621 dividend. This is a boost from Manulife Financial Corp’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, August 18th. Manulife Financial Corp’s payout ratio is currently 47.83%.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Manulife Financial Corp (MFC) Will Announce Earnings of $0.44 Per Share” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/09/23/zacks-brokerages-anticipate-manulife-financial-corp-mfc-will-announce-earnings-of-0-44-per-share.html.

Institutional investors have recently made changes to their positions in the stock. Andra AP fonden raised its stake in Manulife Financial Corp by 10.1% in the 2nd quarter. Andra AP fonden now owns 178,400 shares of the financial services provider’s stock valued at $3,347,000 after acquiring an additional 16,400 shares during the period. Flippin Bruce & Porter Inc. raised its stake in Manulife Financial Corp by 5.8% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 175,510 shares of the financial services provider’s stock valued at $3,293,000 after acquiring an additional 9,555 shares during the period. Renaissance Group LLC raised its stake in Manulife Financial Corp by 3.6% in the 2nd quarter. Renaissance Group LLC now owns 858,327 shares of the financial services provider’s stock valued at $16,102,000 after acquiring an additional 29,911 shares during the period. OppenheimerFunds Inc. raised its stake in Manulife Financial Corp by 16.1% in the 1st quarter. OppenheimerFunds Inc. now owns 12,793 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,775 shares during the period. Finally, Barry Investment Advisors LLC raised its stake in Manulife Financial Corp by 1.2% in the 2nd quarter. Barry Investment Advisors LLC now owns 200,592 shares of the financial services provider’s stock valued at $3,763,000 after acquiring an additional 2,322 shares during the period. Institutional investors and hedge funds own 45.97% of the company’s stock.

Manulife Financial Corp 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.

Get a free copy of the Zacks research report on Manulife Financial Corp (MFC)

According to Zacks, analysts expect that Manulife Financial Corp will report full year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.80. For the next fiscal year, analysts expect that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.82 to $1.98. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Manulife Financial Corp.

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

A number of equities research analysts recently issued reports on the company. Zacks Investment Research upgraded Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 price objective on the stock in a research note on Monday, July 10th. ValuEngine cut Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Manulife Financial Corp from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $23.33.

Manulife Financial Corp (NYSE MFC) traded up 0.26% during trading on Friday, hitting $19.46. 2,463,002 shares of the company traded hands. The stock has a 50 day moving average price of $19.97 and a 200 day moving average price of $18.46. Manulife Financial Corp has a 12-month low of $13.38 and a 12-month high of $20.84. The company has a market capitalization of $38.49 billion, a P/E ratio of 13.48 and a beta of 1.30.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd will be paid a $0.1621 dividend. This is a boost from Manulife Financial Corp’s previous quarterly dividend of $0.15. This represents a $0.65 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Friday, August 18th. Manulife Financial Corp’s payout ratio is currently 47.83%.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Anticipate Manulife Financial Corp (MFC) Will Announce Earnings of $0.44 Per Share” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and reposted in violation of US & international trademark & copyright law. The original version of this news story can be accessed at https://ledgergazette.com/2017/09/23/zacks-brokerages-anticipate-manulife-financial-corp-mfc-will-announce-earnings-of-0-44-per-share.html.

Institutional investors have recently made changes to their positions in the stock. Andra AP fonden raised its stake in Manulife Financial Corp by 10.1% in the 2nd quarter. Andra AP fonden now owns 178,400 shares of the financial services provider’s stock valued at $3,347,000 after acquiring an additional 16,400 shares during the period. Flippin Bruce & Porter Inc. raised its stake in Manulife Financial Corp by 5.8% in the 2nd quarter. Flippin Bruce & Porter Inc. now owns 175,510 shares of the financial services provider’s stock valued at $3,293,000 after acquiring an additional 9,555 shares during the period. Renaissance Group LLC raised its stake in Manulife Financial Corp by 3.6% in the 2nd quarter. Renaissance Group LLC now owns 858,327 shares of the financial services provider’s stock valued at $16,102,000 after acquiring an additional 29,911 shares during the period. OppenheimerFunds Inc. raised its stake in Manulife Financial Corp by 16.1% in the 1st quarter. OppenheimerFunds Inc. now owns 12,793 shares of the financial services provider’s stock valued at $227,000 after acquiring an additional 1,775 shares during the period. Finally, Barry Investment Advisors LLC raised its stake in Manulife Financial Corp by 1.2% in the 2nd quarter. Barry Investment Advisors LLC now owns 200,592 shares of the financial services provider’s stock valued at $3,763,000 after acquiring an additional 2,322 shares during the period. Institutional investors and hedge funds own 45.97% of the company’s stock.

Manulife Financial Corp 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.

Get a free copy of the Zacks research report on Manulife Financial Corp (MFC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Manulife Financial Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp and related companies with MarketBeat.com's FREE daily email newsletter.