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

Manulife Financial (TSE:MFC) (NYSE:MFC) will be releasing its earnings data after the market closes on Wednesday, November 7th. Analysts expect Manulife Financial to post earnings of C$0.66 per share for the quarter.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings data on Wednesday, August 8th. The financial services provider reported C$0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.65 by C$0.05. The company had revenue of C$13.67 billion during the quarter.

MFC stock opened at C$21.61 on Tuesday. Manulife Financial has a 1-year low of C$19.63 and a 1-year high of C$27.77.

Several analysts have issued reports on MFC shares. CIBC upped their target price on Manulife Financial from C$25.00 to C$26.50 in a research note on Sunday. National Bank Financial cut their target price on Manulife Financial from C$31.00 to C$30.00 and set an “outperform” rating for the company in a research note on Thursday, August 9th. Desjardins cut their target price on Manulife Financial from C$29.00 to C$27.00 in a research note on Tuesday, October 16th. Finally, Canaccord Genuity set a C$29.00 target price on Manulife Financial and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Seven research analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and a consensus target price of C$28.94.

In other news, insider Lynda Sullivan sold 5,754 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of C$24.14, for a total transaction of C$138,901.56. Also, Director Michael James Doughty sold 18,129 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of C$24.14, for a total value of C$437,634.06. In the last ninety days, insiders sold 45,883 shares of company stock valued at $1,111,136.

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Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.

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Earnings History for Manulife Financial (TSE:MFC)

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