Manulife Financial (MFC) Set to Announce Quarterly Earnings on Wednesday

Manulife Financial (NYSE:MFC) (TSE:MFC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Manulife Financial to post earnings of $0.70 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Manulife Financial (NYSE:MFC) (TSE:MFC) last released its earnings results on Wednesday, August 7th. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.64 by $0.27. Manulife Financial had a net margin of 9.18% and a return on equity of 16.16%. The company had revenue of $9.41 billion during the quarter, compared to analysts’ expectations of $8.95 billion. During the same quarter last year, the business earned $0.62 EPS. On average, analysts expect Manulife Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Manulife Financial Stock Performance

MFC stock opened at $30.07 on Wednesday. Manulife Financial has a one year low of $17.30 and a one year high of $30.86. The stock has a market capitalization of $53.82 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The company has a fifty day moving average of $28.84 and a 200-day moving average of $26.70.

Manulife Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, August 21st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Wednesday, August 21st. Manulife Financial’s dividend payout ratio (DPR) is 66.86%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Dbs Bank upgraded shares of Manulife Financial to a “strong-buy” rating in a research note on Thursday, August 8th. Barclays assumed coverage on shares of Manulife Financial in a research note on Thursday, September 5th. They issued an “equal weight” rating for the company. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $35.67.

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.