Manulife Financial Corp. (MFC) Forecasted to Earn Q1 2017 Earnings of $0.56 Per Share
Manulife Financial Corp. (TSE:MFC) – Stock analysts at National Bank Financial increased their Q1 2017 earnings per share (EPS) estimates for shares of Manulife Financial Corp. in a research note issued to investors on Thursday. National Bank Financial analyst P. Routledge now forecasts that the firm will post earnings per share of $0.56 for the quarter, up from their previous estimate of $0.55. National Bank Financial currently has a “Outperform” rating and a $24.00 target price on the stock. National Bank Financial also issued estimates for Manulife Financial Corp.’s Q3 2017 earnings at $0.61 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.58 EPS.
Other equities analysts have also recently issued reports about the company. BMO Capital Markets decreased their target price on Manulife Financial Corp. from C$24.00 to C$21.00 in a report on Saturday, August 6th. CSFB decreased their target price on Manulife Financial Corp. from C$22.00 to C$21.00 in a report on Saturday, August 6th. Barclays PLC lifted their target price on Manulife Financial Corp. from C$19.00 to C$20.00 in a report on Thursday, October 13th. CIBC lifted their target price on Manulife Financial Corp. from C$19.00 to C$23.00 in a report on Friday. Finally, Desjardins set a C$21.00 target price on Manulife Financial Corp. and gave the stock a “buy” rating in a report on Saturday, August 6th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$22.85.
Shares of Manulife Financial Corp. (TSE:MFC) opened at 23.16 on Monday. The firm has a market capitalization of $47.58 billion and a price-to-earnings ratio of 15.27. Manulife Financial Corp. has a 52 week low of $15.32 and a 52 week high of $23.19. The firm’s 50-day moving average price is $19.42 and its 200 day moving average price is $18.36.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.185 per share. The ex-dividend date is Friday, November 18th. This represents a $0.74 dividend on an annualized basis and a yield of 3.20%.
Manulife Financial Corp. Company Profile
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
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