Q1 2018 Earnings Forecast for Manulife Financial Corp. Issued By National Bank Financial (MFC)

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Investment analysts at National Bank Financial lifted their Q1 2018 earnings estimates for Manulife Financial in a report issued on Wednesday, according to Zacks Investment Research. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $0.65 per share for the quarter, up from their previous estimate of $0.63. National Bank Financial has a “Sector Perform” rating and a $30.00 price target on the stock. National Bank Financial also issued estimates for Manulife Financial’s Q2 2018 earnings at $0.66 EPS and FY2018 earnings at $2.66 EPS.

Several other research analysts have also commented on the company. Barclays lifted their price target on Manulife Financial from C$30.00 to C$31.00 in a research report on Thursday. TD Securities lifted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Desjardins lifted their price target on Manulife Financial from C$28.00 to C$30.00 in a research report on Monday, November 13th. Scotiabank lifted their price target on Manulife Financial from C$31.00 to C$32.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Finally, Royal Bank of Canada lifted their price target on Manulife Financial from C$28.00 to C$30.00 and gave the stock an “outperform” rating in a research report on Friday, November 10th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$30.00.

Shares of Manulife Financial (MFC) opened at C$27.21 on Friday. The firm has a market capitalization of $53,920.00, a P/E ratio of 14.95 and a beta of 0.99. Manulife Financial has a 52 week low of C$22.39 and a 52 week high of C$27.53.

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend was Monday, November 20th. Manulife Financial’s payout ratio is currently 43.96%.

In other news, insider Warren A. Thomson sold 11,300 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$26.71, for a total value of C$301,823.00. Also, Director Rocco Gori bought 60,694 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was bought at an average cost of C$26.70 per share, for a total transaction of C$1,620,529.80.

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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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