Manulife Financial (NYSE:MFC) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Manulife Financial (NYSE:MFC) (TSE:MFC) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07, Zacks reports. The business had revenue of $9.31 billion for the quarter. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%.

Manulife Financial Stock Performance

Shares of Manulife Financial stock traded up $2.47 on Thursday, hitting $32.25. 1,995,678 shares of the company’s stock were exchanged, compared to its average volume of 1,975,531. The company has a 50-day simple moving average of $30.31 and a 200-day simple moving average of $29.70. The stock has a market capitalization of $55.57 billion, a PE ratio of 15.56, a PEG ratio of 1.04 and a beta of 1.09. Manulife Financial has a 1 year low of $22.61 and a 1 year high of $33.07.

Manulife Financial Company Profile

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.