What is Cormark's Estimate for TSE:MFC Q1 Earnings?

Manulife Financial Co. (TSE:MFC - Free Report) NYSE: MFC - Equities research analysts at Cormark issued their Q1 2025 earnings per share (EPS) estimates for Manulife Financial in a research note issued on Wednesday, April 30th. Cormark analyst L. Persaud expects that the financial services provider will earn $0.97 per share for the quarter. The consensus estimate for Manulife Financial's current full-year earnings is $3.61 per share.

A number of other analysts have also recently issued reports on the company. CIBC dropped their price objective on Manulife Financial from C$48.00 to C$46.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Barclays cut their price target on shares of Manulife Financial from C$49.00 to C$45.00 in a report on Friday, April 11th. Jefferies Financial Group lowered their price objective on Manulife Financial from C$51.00 to C$46.00 in a research report on Monday, April 21st. Royal Bank of Canada set a C$51.00 target price on Manulife Financial and gave the stock an "outperform" rating in a research note on Tuesday, April 15th. Finally, TD Securities upped their price objective on shares of Manulife Financial from C$48.00 to C$49.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$46.00.

Manulife Financial Stock Down 0.3 %

MFC traded down C$0.14 on Thursday, hitting C$43.11. The company's stock had a trading volume of 757,449 shares, compared to its average volume of 6,838,305. The firm has a market cap of C$75.62 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.01 and a beta of 1.06. The company's 50 day simple moving average is C$42.12 and its 200-day simple moving average is C$43.15. Manulife Financial has a 12 month low of C$32.87 and a 12 month high of C$46.42.

Manulife Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, March 19th were paid a $0.44 dividend. This is a boost from Manulife Financial's previous quarterly dividend of $0.40. This represents a $1.76 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Wednesday, March 5th. Manulife Financial's payout ratio is 49.79%.

Insider Buying and Selling at Manulife Financial

In other Manulife Financial news, Director Brooks Tingle sold 3,866 shares of the firm's stock in a transaction on Monday, February 24th. The stock was sold at an average price of C$43.43, for a total transaction of C$167,882.21. Also, Director Kenneth Michael Ross sold 3,219 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$44.91, for a total transaction of C$144,572.68. Over the last 90 days, insiders sold 18,683 shares of company stock worth $816,102. 0.03% of the stock is currently owned by insiders.

About Manulife Financial

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.