Brokerages Expect Manulife Financial Co. (MFC) to Post $0.49 EPS

Brokerages expect Manulife Financial Co. (NYSE:MFC) (TSE:MFC) to post earnings per share of $0.49 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Manulife Financial’s earnings. The highest EPS estimate is $0.52 and the lowest is $0.47. Manulife Financial posted earnings per share of $0.41 during the same quarter last year, which suggests a positive year-over-year growth rate of 19.5%. The company is expected to announce its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Manulife Financial will report full-year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $1.96 to $2.13. For the next year, analysts anticipate that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Manulife Financial.

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Manulife Financial (NYSE:MFC) (TSE:MFC) last announced its earnings results on Wednesday, February 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). Manulife Financial had a net margin of 3.50% and a return on equity of 11.49%. The company had revenue of $12.79 billion during the quarter.

Several analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Manulife Financial from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Morgan Stanley dropped their target price on shares of Manulife Financial from $28.00 to $27.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 5th. National Bank Financial upgraded shares of Manulife Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 24th. TD Securities upgraded shares of Manulife Financial from a “hold” rating to a “buy” rating in a research report on Thursday, April 12th. Finally, ValuEngine upgraded shares of Manulife Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $26.67.

Shares of NYSE MFC opened at $18.82 on Friday. Manulife Financial has a 52-week low of $16.62 and a 52-week high of $22.16. The stock has a market capitalization of $37,320.49, a PE ratio of 11.01, a P/E/G ratio of 0.97 and a beta of 1.34.

Several large investors have recently bought and sold shares of MFC. Ameriprise Financial Inc. lifted its stake in shares of Manulife Financial by 14.1% in the third quarter. Ameriprise Financial Inc. now owns 67,095 shares of the financial services provider’s stock worth $1,362,000 after buying an additional 8,291 shares in the last quarter. Stifel Financial Corp lifted its stake in shares of Manulife Financial by 63.4% in the third quarter. Stifel Financial Corp now owns 88,971 shares of the financial services provider’s stock worth $1,814,000 after buying an additional 34,521 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Manulife Financial in the third quarter worth about $222,000. Parametric Portfolio Associates LLC lifted its stake in shares of Manulife Financial by 22.0% in the third quarter. Parametric Portfolio Associates LLC now owns 1,078,902 shares of the financial services provider’s stock worth $21,891,000 after buying an additional 194,739 shares in the last quarter. Finally, Daiwa SB Investments Ltd. purchased a new position in shares of Manulife Financial in the fourth quarter worth about $5,127,000. 46.60% of the stock is currently owned by hedge funds and other institutional investors.

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Manulife Financial 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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Earnings History and Estimates for Manulife Financial (NYSE:MFC)

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