Q3 2017 EPS Estimates for Manulife Financial Corp. (MFC) Decreased by Analyst
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Desjardins reduced their Q3 2017 EPS estimates for shares of Manulife Financial Corp. in a research note issued on Tuesday. Desjardins analyst D. Young now expects that the financial services provider will earn $0.52 per share for the quarter, down from their prior estimate of $0.53. Desjardins also issued estimates for Manulife Financial Corp.’s Q4 2017 earnings at $0.54 EPS.
Other equities research analysts also recently issued reports about the stock. National Bank Financial lifted their price target on shares of Manulife Financial Corp. from C$26.00 to C$27.00 and gave the stock a “sector perform” rating in a report on Thursday, August 10th. BMO Capital Markets reiterated an “outperform” rating and set a C$30.00 price target on shares of Manulife Financial Corp. in a report on Wednesday. Royal Bank Of Canada lifted their price target on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Barclays PLC lifted their price target on shares of Manulife Financial Corp. from C$28.00 to C$29.00 in a report on Wednesday, July 12th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Manulife Financial Corp. presently has a consensus rating of “Buy” and a consensus target price of C$26.92.
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Manulife Financial Corp. (MFC) opened at 25.72 on Thursday. The firm has a 50-day moving average of $24.74 and a 200 day moving average of $24.34. The firm has a market capitalization of $50.88 billion and a price-to-earnings ratio of 14.05. Manulife Financial Corp. has a 12-month low of $18.96 and a 12-month high of $26.11.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Tuesday, August 22nd were issued a $0.205 dividend. The ex-dividend date of this dividend was Friday, August 18th. This represents a $0.82 dividend on an annualized basis and a yield of 3.19%.
In related news, insider Marianne Harrison sold 3,703 shares of the business’s stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of C$24.26, for a total value of C$89,834.78.
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.
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