FY2025 Earnings Estimate for Manulife Financial Co. (TSE:MFC) Issued By Cormark

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Equities research analysts at Cormark dropped their FY2025 earnings estimates for Manulife Financial in a research report issued on Thursday, August 8th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $4.00 for the year, down from their previous estimate of $4.01. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share.

A number of other research firms have also issued reports on MFC. Evercore increased their target price on shares of Manulife Financial from C$36.00 to C$37.00 in a report on Friday, May 10th. National Bankshares raised their price objective on shares of Manulife Financial from C$38.00 to C$43.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. BMO Capital Markets raised their price objective on shares of Manulife Financial from C$40.00 to C$41.00 in a research report on Friday, May 10th. National Bank Financial upgraded shares of Manulife Financial from a “sector perform market weight” rating to an “outperform market weight” rating in a research report on Wednesday, May 8th. Finally, CIBC raised their price target on Manulife Financial from C$34.00 to C$36.00 in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$38.45.

Manulife Financial Trading Up 0.4 %

Shares of TSE:MFC traded up C$0.13 during mid-day trading on Friday, reaching C$34.14. 122,465 shares of the company were exchanged, compared to its average volume of 6,329,046. The company has a debt-to-equity ratio of 48.44, a current ratio of 29.14 and a quick ratio of 2.58. The firm has a market cap of C$61.45 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 12.56 and a beta of 1.10. The firm’s 50-day simple moving average is C$35.71 and its 200 day simple moving average is C$33.70. Manulife Financial has a 1 year low of C$23.69 and a 1 year high of C$37.46.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings results on Wednesday, May 8th. The financial services provider reported C$0.94 earnings per share for the quarter, beating the consensus estimate of C$0.90 by C$0.04. The business had revenue of C$12.80 billion during the quarter, compared to analysts’ expectations of C$12.13 billion. Manulife Financial had a net margin of 18.29% and a return on equity of 10.48%.

Manulife Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 19th. Shareholders of record on Wednesday, August 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Wednesday, August 21st. Manulife Financial’s dividend payout ratio (DPR) is 70.18%.

Insider Activity

In other news, Senior Officer Steve Finch sold 11,598 shares of Manulife Financial stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$35.29, for a total value of C$409,293.42. In related news, Senior Officer Steve Finch sold 11,598 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$35.29, for a total transaction of C$409,293.42. Also, Director Rocco Gori sold 48,640 shares of Manulife Financial stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$35.25, for a total value of C$1,714,560.00. Insiders have sold 157,878 shares of company stock valued at $5,557,706 in the last three months. Corporate insiders own 0.02% of the company’s stock.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.