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

Manulife Financial (TSE:MFC - Get Free Report) NYSE: MFC is set to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of C$0.95 per share for the quarter.

Manulife Financial (TSE:MFC - Get Free Report) NYSE: MFC last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported C$0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$0.88 by C$0.03. Manulife Financial had a return on equity of 10.41% and a net margin of 17.34%. The business had revenue of C$12.88 billion during the quarter, compared to the consensus estimate of C$12.27 billion.

Manulife Financial Stock Performance

Shares of TSE:MFC traded down C$0.23 during trading on Wednesday, hitting C$41.66. The company's stock had a trading volume of 4,848,040 shares, compared to its average volume of 6,379,101. The company has a debt-to-equity ratio of 49.60, a current ratio of 36.68 and a quick ratio of 2.58. The firm has a market cap of C$73.74 billion, a price-to-earnings ratio of 17.87, a P/E/G ratio of 1.01 and a beta of 1.06. The company has a 50-day moving average of C$39.18 and a 200-day moving average of C$36.45. Manulife Financial has a 12 month low of C$24.04 and a 12 month high of C$42.52.

Manulife Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 19th. Shareholders of record on Wednesday, August 21st were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $1.60 annualized dividend and a yield of 3.84%. Manulife Financial's payout ratio is presently 68.09%.

Insider Activity

In related news, Director Tin Ku sold 2,166 shares of Manulife Financial stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of C$37.45, for a total transaction of C$81,116.70. Following the completion of the transaction, the director now directly owns 253 shares of the company's stock, valued at approximately C$9,474.85. The trade was a 0.00 % decrease in their position. In related news, Director Matthew Lyman Macinnis sold 6,708 shares of Manulife Financial stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of C$34.67, for a total transaction of C$232,566.36. Also, Director Tin Ku sold 2,166 shares of the company's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$37.45, for a total transaction of C$81,116.70. Following the completion of the transaction, the director now owns 253 shares in the company, valued at C$9,474.85. This represents a 0.00 % decrease in their ownership of the stock. In the last 90 days, insiders have sold 68,821 shares of company stock valued at $2,455,596. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on MFC shares. Barclays set a C$39.00 price objective on Manulife Financial and gave the stock an "equal weight" rating in a research note on Thursday, September 5th. Dbs Bank upgraded Manulife Financial to a "strong-buy" rating in a research report on Thursday, August 8th. Jefferies Financial Group lifted their price objective on Manulife Financial from C$42.00 to C$47.00 and gave the company a "buy" rating in a research report on Wednesday, October 16th. TD Securities increased their target price on shares of Manulife Financial from C$40.00 to C$41.00 in a report on Friday, July 12th. Finally, Scotiabank raised their target price on shares of Manulife Financial from C$41.00 to C$48.00 and gave the stock an "outperform" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$40.82.

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.