Manulife Financial Corp. (MFC) Expected to Post Q1 2017 Earnings of $0.56 Per Share

Manulife Financial Corp. (MFC) Expected to Post Q1 2017 Earnings of $0.56 Per Share

Manulife Financial Corp. (TSE:MFC) – Analysts at National Bank Financial upped their Q1 2017 earnings per share estimates for shares of Manulife Financial Corp. in a research report issued on Thursday. National Bank Financial analyst P. Routledge now expects that the firm will earn $0.56 per share for the quarter, up from their previous forecast of $0.55. National Bank Financial has a “Outperform” rating and a $24.00 price objective on the stock. National Bank Financial also issued estimates for Manulife Financial Corp.’s Q3 2017 earnings at $0.61 EPS, FY2017 earnings at $2.35 EPS and FY2018 earnings at $2.58 EPS.

MFC has been the subject of a number of other research reports. Barclays PLC increased their target price on shares of Manulife Financial Corp. from C$19.00 to C$20.00 in a research report on Thursday, October 13th. Scotiabank raised their price objective on shares of Manulife Financial Corp. from C$19.00 to C$22.00 and gave the company an “outperform” rating in a research report on Tuesday, November 8th. Dundee Securities restated a “buy” rating and issued a C$22.00 price objective on shares of Manulife Financial Corp. in a research report on Wednesday, September 21st. RBC Capital Markets cut their price objective on shares of Manulife Financial Corp. from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Saturday, August 6th. Finally, Desjardins set a C$21.00 price objective on shares of Manulife Financial Corp. and gave the company a “buy” rating in a research report on Saturday, August 6th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of C$22.85.

Manulife Financial Corp. (TSE:MFC) opened at 22.43 on Monday. The firm has a 50-day moving average of $19.28 and a 200 day moving average of $18.33. Manulife Financial Corp. has a 12 month low of $15.32 and a 12 month high of $22.65. The firm has a market capitalization of $44.25 billion and a PE ratio of 17.80.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of $0.185 per share. This represents a $0.74 annualized dividend and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, November 18th.

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