Brokers Offer Predictions for TSE:MFC FY2027 Earnings

Key Points

• Desjardins has projected that Manulife Financial will achieve an earnings per share (EPS) of $4.75 for FY2027, significantly above the current consensus estimate of $3.61.
• Various analysts have adjusted their price targets, with TD Securities raising it from C$50.00 to C$54.00, while Royal Bank Of Canada reduced theirs from C$51.00 to C$49.00.
• Manulife recently declared a quarterly dividend of $0.44, resulting in an annualized dividend yield of 3.9% with a payout ratio of 54.19%.

Manulife Financial Co. (TSE:MFC - Free Report) NYSE: MFC - Analysts at Desjardins issued their FY2027 EPS estimates for shares of Manulife Financial in a research report issued on Tuesday, October 14th. Desjardins analyst D. Young expects that the financial services provider will post earnings of $4.75 per share for the year. Desjardins currently has a "Buy" rating and a $52.00 target price on the stock. The consensus estimate for Manulife Financial's current full-year earnings is $3.61 per share.

A number of other equities analysts have also weighed in on MFC. Barclays lifted their price objective on shares of Manulife Financial from C$47.00 to C$48.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 8th. Royal Bank Of Canada lowered their price objective on shares of Manulife Financial from C$51.00 to C$49.00 and set an "outperform" rating on the stock in a research report on Friday, August 8th. National Bankshares lowered their price objective on shares of Manulife Financial from C$48.00 to C$47.00 and set an "outperform" rating on the stock in a research report on Thursday, August 7th. Finally, TD Securities boosted their target price on shares of Manulife Financial from C$50.00 to C$54.00 in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$48.89.

Manulife Financial Price Performance

TSE:MFC opened at C$45.17 on Thursday. The firm's fifty day moving average price is C$43.01 and its 200 day moving average price is C$42.68. Manulife Financial has a 1-year low of C$36.93 and a 1-year high of C$46.42. The firm has a market cap of C$76.32 billion, a price-to-earnings ratio of 14.57, a price-to-earnings-growth ratio of 1.01 and a beta of 0.93.

Manulife Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Investors of record on Friday, September 19th were given a $0.44 dividend. The ex-dividend date was Wednesday, August 20th. This represents a $1.76 annualized dividend and a dividend yield of 3.9%. Manulife Financial's payout ratio is currently 54.19%.

Insider Activity at Manulife Financial

In related news, insider Paul Lorentz sold 178,425 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were sold at an average price of C$41.90, for a total value of C$7,476,007.50. Following the sale, the insider directly owned 79,930 shares in the company, valued at C$3,349,067. The trade was a 69.06% decrease in their position. In the last 90 days, insiders have sold 179,582 shares of company stock valued at $7,516,321. 0.03% of the stock is owned by insiders.

Manulife Financial Company Profile

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada's Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.

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