Manulife Financial (MFC) Projected to Post Earnings on Wednesday

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC is anticipated to issue its Q4 2024 quarterly earnings data after the market closes on Wednesday, February 19th. Analysts expect the company to announce earnings of $0.67 per share for the quarter. Persons that are interested in participating in the company's earnings conference call can do so using this link.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last announced its earnings results on Wednesday, February 19th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%. 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

Shares of MFC stock traded up $2.05 on Thursday, reaching $31.83. The stock had a trading volume of 3,364,723 shares, compared to its average volume of 2,014,587. The stock has a market cap of $54.84 billion, a P/E ratio of 15.37, a price-to-earnings-growth 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. The company has a 50 day simple moving average of $30.31 and a 200 day simple moving average of $29.70.

Manulife Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 5th will be paid a dividend of $0.3094 per share. This is an increase from Manulife Financial's previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Wednesday, March 5th. Manulife Financial's payout ratio is currently 59.42%.

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.