Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Equities research analysts at Cormark decreased their Q1 2019 EPS estimates for Manulife Financial in a research note issued on Wednesday, April 24th. Cormark analyst M. Grauman now expects that the financial services provider will post earnings per share of $0.71 for the quarter, down from their prior estimate of $0.72.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, February 13th. The financial services provider reported C$0.65 EPS for the quarter, missing the consensus estimate of C$0.66 by C($0.01). The company had revenue of C$8.51 billion for the quarter.

Other equities research analysts have also recently issued reports about the stock. Desjardins boosted their price objective on shares of Manulife Financial from C$27.00 to C$28.00 in a research report on Monday, April 15th. TD Securities cut their price objective on shares of Manulife Financial from C$30.00 to C$29.00 and set a “buy” rating on the stock in a research report on Thursday, February 14th. Finally, National Bank Financial cut their price objective on shares of Manulife Financial from C$27.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Thursday, January 24th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Manulife Financial currently has a consensus rating of “Buy” and a consensus price target of C$27.83.

MFC opened at C$24.38 on Thursday. The firm has a market capitalization of $48.46 billion and a P/E ratio of 10.46. Manulife Financial has a 12 month low of C$18.33 and a 12 month high of C$25.20. The company has a current ratio of 4.96, a quick ratio of 1.88 and a debt-to-equity ratio of 40.97.

In other Manulife Financial news, Senior Officer Steve Finch sold 1,407 shares of Manulife Financial stock in a transaction on Friday, February 15th. The shares were sold at an average price of C$21.53, for a total value of C$30,295.95. Following the sale, the insider now directly owns 6,214 shares in the company, valued at approximately C$133,801.71. Also, Director Brian Collins sold 2,937 shares of Manulife Financial stock in a transaction on Friday, February 15th. The shares were sold at an average price of C$21.53, for a total transaction of C$63,240.37.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.

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Earnings History and Estimates for Manulife Financial (TSE:MFC)

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