Manulife Financial (MFC) Expected to Announce Earnings on Wednesday

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC is expected to be releasing its Q1 2025 earnings data after the market closes on Wednesday, May 7th. Analysts expect Manulife Financial to post earnings of $0.72 per share for the quarter.

Manulife Financial (NYSE:MFC - Get Free Report) TSE: MFC last issued its earnings results on Wednesday, February 19th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Manulife Financial had a return on equity of 15.98% and a net margin of 10.08%. The business had revenue of $9.31 billion during the quarter. On average, analysts expect Manulife Financial to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Manulife Financial Trading Down 0.7 %

Shares of NYSE MFC traded down $0.22 during trading on Monday, reaching $31.36. The company had a trading volume of 1,630,222 shares, compared to its average volume of 2,208,750. Manulife Financial has a twelve month low of $23.30 and a twelve month high of $33.07. The stock has a 50-day moving average price of $29.74 and a two-hundred day moving average price of $30.43. The stock has a market capitalization of $53.88 billion, a PE ratio of 15.15, a price-to-earnings-growth ratio of 1.11 and a beta of 1.00.

Manulife Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Wednesday, March 5th were paid a dividend of $0.3094 per share. The ex-dividend date of this dividend was Wednesday, March 5th. This is an increase from Manulife Financial's previous quarterly dividend of $0.30. This represents a $1.24 annualized dividend and a dividend yield of 3.95%. Manulife Financial's dividend payout ratio (DPR) is currently 58.45%.

Institutional Investors Weigh In On Manulife Financial

A hedge fund recently raised its stake in Manulife Financial stock. Brighton Jones LLC boosted its stake in Manulife Financial Co. (NYSE:MFC - Free Report) TSE: MFC by 33.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,393 shares of the financial services provider's stock after purchasing an additional 2,376 shares during the quarter. Brighton Jones LLC's holdings in Manulife Financial were worth $288,000 as of its most recent SEC filing. Institutional investors own 52.56% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Royal Bank of Canada increased their price target on Manulife Financial from $49.00 to $51.00 and gave the company an "outperform" rating in a research note on Friday, February 21st. Scotiabank restated an "outperform" rating on shares of Manulife Financial in a report on Monday, February 3rd. One research analyst has rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Manulife Financial has a consensus rating of "Buy" and an average target price of $45.50.

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.