Q4 2017 Earnings Estimate for Manulife Financial Corp. Issued By National Bank Financial (MFC)
Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – National Bank Financial lifted their Q4 2017 earnings estimates for Manulife Financial Corp. in a report issued on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings per share of $0.63 for the quarter, up from their prior forecast of $0.59. National Bank Financial currently has a “Sector Perform” rating and a $29.00 price target on the stock. National Bank Financial also issued estimates for Manulife Financial Corp.’s Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.63 EPS and FY2018 earnings at $2.55 EPS.
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Several other research firms have also recently weighed in on MFC. Barclays PLC increased their price objective on shares of Manulife Financial Corp. from C$29.00 to C$30.00 in a research report on Monday. Scotiabank increased their price objective on shares of Manulife Financial Corp. from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. CSFB increased their price objective on shares of Manulife Financial Corp. from C$28.00 to C$31.00 in a research report on Wednesday, November 1st. Desjardins increased their price objective on shares of Manulife Financial Corp. from C$28.00 to C$30.00 in a research report on Monday. Finally, Royal Bank Of Canada increased their target price on shares of Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of C$28.83.
Shares of Manulife Financial Corp. (TSE MFC) opened at C$26.70 on Monday. Manulife Financial Corp. has a 12-month low of C$22.39 and a 12-month high of C$27.50.
In other Manulife Financial Corp. news, insider Marianne Harrison sold 3,703 shares of the firm’s stock in a transaction 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.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 19th. Investors of record on Tuesday, November 21st will be paid a dividend of $0.205 per share. This represents a $0.82 annualized dividend and a yield of 3.07%. The ex-dividend date of this dividend is Monday, November 20th. Manulife Financial Corp.’s dividend payout ratio is presently 43.96%.
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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