Cormark Forecasts Weaker Earnings for Manulife Financial

Key Points

• Cormark has revised its FY2026 earnings estimate for Manulife Financial down to $3.19 per share from a previous estimate of $3.28, while the current consensus estimate is $2.87 per share.
• Manulife Financial reported earnings of $0.69 per share for the latest quarter, missing the expected $0.71, with a revenue of $11.30 billion.
• The company announced a quarterly dividend of $0.3199, which represents a slight decrease from the previous dividend of $0.32, reflecting a 4.3% yield.

Manulife Financial Corp (NYSE:MFC - Free Report) TSE: MFC - Equities researchers at Cormark cut their FY2026 earnings estimates for shares of Manulife Financial in a research note issued to investors on Thursday, August 7th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $3.19 per share for the year, down from their previous estimate of $3.28. The consensus estimate for Manulife Financial's current full-year earnings is $2.87 per share.

Several other research firms have also commented on MFC. Royal Bank Of Canada decreased their price objective on shares of Manulife Financial from $51.00 to $49.00 and set an "outperform" rating on the stock in a research report on Friday. Morgan Stanley set a $46.00 price objective on shares of Manulife Financial in a research report on Monday, May 19th.

Manulife Financial Stock Up 0.1%

Manulife Financial stock opened at $30.11 on Monday. Manulife Financial has a 52 week low of $24.77 and a 52 week high of $33.07. The firm's 50-day simple moving average is $31.20 and its 200 day simple moving average is $30.55. The firm has a market capitalization of $51.14 billion, a PE ratio of 13.44, a P/E/G ratio of 1.02 and a beta of 1.01.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last issued its earnings results on Wednesday, August 6th. The financial services provider reported $0.69 EPS for the quarter, missing the consensus estimate of $0.71 by ($0.02). Manulife Financial had a return on equity of 15.77% and a net margin of 10.46%. The company had revenue of $11.30 billion for the quarter. During the same quarter in the prior year, the firm earned $0.91 EPS.

Manulife Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 19th. Shareholders of record on Wednesday, August 20th will be issued a $0.3199 dividend. This is a positive change from Manulife Financial's previous quarterly dividend of $0.32. The ex-dividend date is Wednesday, August 20th. This represents a $1.28 dividend on an annualized basis and a yield of 4.3%. Manulife Financial's payout ratio is currently 57.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rossby Financial LCC purchased a new position in Manulife Financial in the 1st quarter valued at about $243,000. Mackenzie Financial Corp lifted its holdings in Manulife Financial by 0.9% in the 4th quarter. Mackenzie Financial Corp now owns 24,614,416 shares of the financial services provider's stock valued at $755,367,000 after purchasing an additional 230,105 shares in the last quarter. Affinity Wealth Management LLC purchased a new position in Manulife Financial in the 1st quarter valued at about $3,934,000. Intact Investment Management Inc. lifted its holdings in Manulife Financial by 17.2% in the 1st quarter. Intact Investment Management Inc. now owns 2,527,925 shares of the financial services provider's stock valued at $78,780,000 after purchasing an additional 370,570 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. purchased a new position in Manulife Financial in the 1st quarter valued at about $431,000. 52.56% of the stock is currently owned by hedge funds and other institutional investors.

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.

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