Wall Street analysts expect Manulife Financial Co. (NYSE:MFC) (TSE:MFC) to report earnings per share of $0.51 for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Manulife Financial’s earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.50. Manulife Financial reported earnings of $0.41 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 24.4%. The business is expected to announce its next earnings results on Wednesday, May 2nd.

On average, analysts expect that Manulife Financial will report full-year earnings of $2.07 per share for the current year, with EPS estimates ranging from $2.04 to $2.13. For the next financial year, analysts expect that the business will report earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.30. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Manulife Financial.

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Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its earnings results on Wednesday, February 7th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.01). The company had revenue of $12.79 billion for the quarter. Manulife Financial had a return on equity of 11.49% and a net margin of 3.50%.

Several equities research analysts have commented on the stock. National Bank Financial upgraded shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Scotiabank restated a “buy” rating and set a $31.00 target price on shares of Manulife Financial in a research report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Tuesday, January 2nd. Morgan Stanley decreased their target price on shares of Manulife Financial from $29.00 to $28.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Finally, ValuEngine upgraded shares of Manulife Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $27.00.

Several large investors have recently added to or reduced their stakes in the company. TD Asset Management Inc. raised its stake in shares of Manulife Financial by 1.6% during the 3rd quarter. TD Asset Management Inc. now owns 59,703,080 shares of the financial services provider’s stock worth $1,208,240,000 after buying an additional 927,841 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Manulife Financial by 0.3% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 52,874,797 shares of the financial services provider’s stock worth $1,074,555,000 after buying an additional 152,541 shares during the last quarter. Mackenzie Financial Corp raised its stake in Manulife Financial by 270.1% in the 4th quarter. Mackenzie Financial Corp now owns 49,553,149 shares of the financial services provider’s stock valued at $1,033,679,000 after purchasing an additional 36,162,505 shares during the last quarter. CIBC Asset Management Inc raised its stake in Manulife Financial by 0.4% in the 4th quarter. CIBC Asset Management Inc now owns 22,573,094 shares of the financial services provider’s stock valued at $472,829,000 after purchasing an additional 80,120 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in Manulife Financial by 7.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 21,013,888 shares of the financial services provider’s stock valued at $425,407,000 after purchasing an additional 1,463,511 shares during the last quarter. 46.60% of the stock is owned by institutional investors and hedge funds.

Shares of Manulife Financial stock opened at $19.11 on Monday. The company has a market cap of $37,518.79, a price-to-earnings ratio of 11.00, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. Manulife Financial has a 1 year low of $16.62 and a 1 year high of $22.16.

The business also recently announced a quarterly dividend, which was paid on Monday, March 19th. Shareholders of record on Wednesday, February 21st were given a dividend of $0.175 per share. This is a positive change from Manulife Financial’s previous quarterly dividend of $0.16. This represents a $0.70 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Tuesday, February 20th. Manulife Financial’s payout ratio is presently 94.59%.

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About Manulife Financial

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

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