Published: Tue, May 30, 2017
Money | By Armando Alvarado

Manulife Financial (MFC) Earning Favorable Press Coverage, Study Finds


Cormark also issued estimates for Manulife Financial's Q3 2017 earnings at $0.41 EPS, Q4 2017 earnings at $0.42 EPS, FY2017 earnings at $1.62 EPS, Q1 2018 earnings at $0.43 EPS, Q2 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.47 EPS and FY2018 earnings at $1.80 EPS. (NYSE:MFC) opened at 17.61 on Friday. Manulife Financial had a return on equity of 10.21% and a net margin of 4.63%. ESV's sales growth for past 5 years was -0.20% and its EPS growth for past 5 years was 0.10%.

Manulife Financial Corporation on 05/03/2017 reported its EPS as $0.4 with the analysts projecting the EPS of the stock as $0.39.

TRADEMARK VIOLATION NOTICE: "Manulife Financial (MFC) Earning Favorable Press Coverage, Study Finds" was published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another domain, it was illegally copied and reposted in violation of USA & global trademark and copyright law. The correct version of this piece can be read at https://www.thecerbatgem.com/2017/05/26/manulife-financial-corp-mfc-expected-to-post-q4-2017-earnings-of-0-54-per-share-updated-updated.html. Finally, Scotiabank restated an "outperform" rating and set a C$28.00 price target on shares of Manulife Financial Corp.in a report on Thursday, May 4th. Wall Street is only getting more bullish on the stock, with 12 of analysts who cover MFC having a buy-equivalent rating. The company now has a consensus rating of "Buy" and a consensus target price of $21.80.

Manulife Financial Corporation (MFC) belonging to the Finance sector has surged 0.57% and closed its last trading session at $17.55. Company stock is -12.69% away from its one year high and is moving 59.98% ahead of its one year low. Shares are trading -3.57% below their 50-day moving average, and -8.59% below their 200-day moving average. The stock has a market cap of $34.73 billion, a price-to-earnings ratio of 15.33 and a beta of 1.53.

China, Philippines confirm consultation mechanism on S China Sea
China said the exercises should not hurt the interests of other countries. "We wanted first to pick the low hanging fruit". The Philippines' ambassador to China , Jose Santiago Romana, said the delegates "touched on it [but] didn't dwell on it".

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 19th. Shareholders of record on Tuesday, May 16th will be paid a dividend of $0.1501 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, May 12th.

For the Current Quarter, the growth estimate for Manulife Financial Corporation is 36.7%, while for the Next Quarter the stock growth estimate is 13.5%. The institutional investor held 14.98M shares of the life insurance company at the end of 2016Q4, valued at $266.81M, up from 14.21M at the end of the previous reported quarter. Capital Guardian Trust Co. now owns 74,417 shares of the financial services provider's stock worth $1,325,000 after buying an additional 269 shares during the last quarter.

Shares of Manulife Financial (NYSE:MFC) traded up 0.23% on Monday, reaching $17.61. KCG Holdings Inc. now owns 58,338 shares of the financial services provider's stock valued at $823,000 after buying an additional 16,682 shares during the period. Tyers Asset Management LLC acquired a new position in Manulife Financial during the fourth quarter worth $118,000. Letko Brosseau & Associates Inc. now owns 19,807,762 shares of the financial services provider's stock valued at $352,725,000 after buying an additional 58,335 shares during the period. Moors & Cabot Inc. now owns 43,768 shares of the financial services provider's stock valued at $617,000 after buying an additional 9,754 shares during the period.

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