Manulife Financial (MFC) Scheduled to Post Earnings on Wednesday

Manulife Financial (TSE:MFC) (NYSE:MFC) will be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect Manulife Financial to post earnings of C$0.90 per share for the quarter.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, February 14th. The financial services provider reported C$0.92 EPS for the quarter, topping the consensus estimate of C$0.84 by C$0.08. The firm had revenue of C$14.92 billion during the quarter, compared to analyst estimates of C$10.24 billion. Manulife Financial had a net margin of 20.05% and a return on equity of 11.57%.

Manulife Financial Price Performance

Shares of MFC opened at C$33.42 on Tuesday. The company has a 50 day moving average of C$32.57 and a two-hundred day moving average of C$29.67. The company has a market cap of C$60.16 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 12.56 and a beta of 1.09. The company has a quick ratio of 2.58, a current ratio of 3.79 and a debt-to-equity ratio of 45.69. Manulife Financial has a twelve month low of C$23.69 and a twelve month high of C$34.05.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 19th. Investors of record on Wednesday, February 28th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.79%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, February 27th. Manulife Financial’s payout ratio is 61.30%.

Insider Activity

In related news, Senior Officer Steve Finch sold 10,294 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$32.76, for a total transaction of C$337,231.44. In related news, Senior Officer Steve Finch sold 10,294 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total transaction of C$337,231.44. Also, Director Brooks Tingle sold 3,317 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$32.76, for a total value of C$108,664.92. Company insiders own 0.02% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on MFC shares. National Bankshares increased their price objective on shares of Manulife Financial from C$33.00 to C$34.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Scotiabank boosted their price objective on shares of Manulife Financial from C$35.00 to C$40.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Desjardins raised Manulife Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$29.00 to C$36.00 in a research report on Friday, February 16th. BMO Capital Markets increased their price objective on Manulife Financial from C$35.00 to C$40.00 in a report on Monday, April 8th. Finally, Evercore upped their target price on Manulife Financial from C$30.00 to C$36.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$36.40.

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.