Manulife Financial (MFC) Scheduled to Post Earnings on Wednesday

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Manulife Financial to post earnings of $0.70 per share for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.27. Manulife Financial had a return on equity of 16.16% and a net margin of 9.18%. The business had revenue of $9.41 billion during the quarter, compared to analysts' expectations of $8.95 billion. During the same period last year, the firm posted $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 Price Performance

NYSE MFC traded down $0.11 on Wednesday, reaching $29.96. The stock had a trading volume of 1,439,214 shares, compared to its average volume of 2,558,163. The company has a market cap of $53.62 billion, a P/E ratio of 17.54, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The firm has a fifty day moving average of $28.84 and a two-hundred day moving average of $26.70. Manulife Financial has a 1-year low of $17.31 and a 1-year high of $30.86.

Manulife Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Investors of record on Wednesday, August 21st were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.16 annualized dividend and a dividend yield of 3.87%. Manulife Financial's dividend payout ratio (DPR) is presently 66.86%.

Analyst Ratings Changes

MFC has been the subject of a number of recent research reports. Dbs Bank raised shares of Manulife Financial to a "strong-buy" rating in a report on Thursday, August 8th. Barclays started coverage on Manulife Financial in a research note on Thursday, September 5th. They issued an "equal weight" rating for the company. One analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $35.67.

Manulife Financial Company Profile

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.