National Bank Financial Analysts Lower Earnings Estimates for Manulife Financial Co. (TSE:MFC)

Manulife Financial Co. (TSE:MFCGet Rating) (NYSE:MFC) – Research analysts at National Bank Financial decreased their Q1 2022 earnings per share (EPS) estimates for Manulife Financial in a report issued on Tuesday, April 19th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.83. National Bank Financial also issued estimates for Manulife Financial’s Q2 2022 earnings at $0.80 EPS, Q3 2022 earnings at $0.86 EPS, Q4 2022 earnings at $0.86 EPS, FY2022 earnings at $3.34 EPS and FY2023 earnings at $3.21 EPS.

Manulife Financial (TSE:MFCGet Rating) (NYSE:MFC) last issued its quarterly earnings results on Wednesday, February 9th. The financial services provider reported C$0.84 EPS for the quarter, beating analysts’ consensus estimates of C$0.82 by C$0.02. The business had revenue of C$21.61 billion for the quarter.

A number of other research analysts have also commented on MFC. BMO Capital Markets raised their price target on Manulife Financial from C$35.00 to C$37.00 in a report on Friday, February 11th. Scotiabank lifted their target price on Manulife Financial from C$29.00 to C$30.00 in a report on Friday, February 11th. Evercore ISI reaffirmed a “sell” rating on shares of Manulife Financial in a report on Wednesday, January 12th. Barclays lowered their target price on Manulife Financial from C$36.00 to C$34.00 and set an “overweight” rating on the stock in a report on Tuesday, April 12th. Finally, Canaccord Genuity Group lifted their target price on Manulife Financial from C$30.50 to C$31.50 in a report on Friday, February 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from, the stock currently has a consensus rating of “Hold” and an average price target of C$30.18.

Shares of MFC opened at C$26.02 on Thursday. The firm has a market capitalization of C$50.39 billion and a price-to-earnings ratio of 7.35. The company has a debt-to-equity ratio of 34.00, a quick ratio of 2.16 and a current ratio of 5.29. Manulife Financial has a one year low of C$22.76 and a one year high of C$28.09. The stock’s fifty day moving average is C$26.19 and its 200-day moving average is C$25.34.

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 21st. Investors of record on Wednesday, February 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.07%. This is an increase from Manulife Financial’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Tuesday, February 22nd. Manulife Financial’s dividend payout ratio (DPR) is presently 33.05%.

In other Manulife Financial news, Senior Officer Steve Finch sold 12,895 shares of Manulife Financial stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of C$26.97, for a total value of C$347,838.76. Following the transaction, the insider now directly owns 9,183 shares of the company’s stock, valued at approximately C$247,708.67. Also, Director Michael James Doughty sold 21,246 shares of Manulife Financial stock in a transaction that occurred on Friday, February 18th. The stock was sold at an average price of C$26.97, for a total value of C$573,104.48. Following the completion of the transaction, the director now directly owns 5,545 shares in the company, valued at C$149,574.71.

Manulife Financial Company Profile (Get Rating)

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States, 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 provides mutual funds and exchange-traded funds, group retirement and savings products, and institutional asset management services through agents and brokers affiliated with the company, securities brokerage firms, and financial advisors pension plan consultants and banks.

See Also

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

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