Q4 2018 EPS Estimates for Manulife Financial Co. Raised by Cormark (MFC)

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Manulife Financial Co. (NYSE:MFC) (TSE:MFC) – Analysts at Cormark lifted their Q4 2018 earnings estimates for shares of Manulife Financial in a research report issued to clients and investors on Tuesday, January 29th. Cormark analyst M. Grauman now anticipates that the financial services provider will post earnings of $0.52 per share for the quarter, up from their previous estimate of $0.49.

A number of other research analysts also recently weighed in on the company. TheStreet downgraded Manulife Financial from a “b-” rating to a “c+” rating in a report on Monday, October 15th. Desjardins reiterated a “buy” rating on shares of Manulife Financial in a report on Tuesday, October 16th. Zacks Investment Research upgraded Manulife Financial from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a report on Friday, October 5th. ValuEngine upgraded Manulife Financial from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 2nd. Finally, TD Securities reiterated a “buy” rating on shares of Manulife Financial in a report on Thursday, November 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.33.

Shares of MFC stock opened at $16.08 on Thursday. Manulife Financial has a 1-year low of $13.33 and a 1-year high of $21.65. The firm has a market cap of $31.44 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 0.73 and a beta of 1.32.

Manulife Financial (NYSE:MFC) (TSE:MFC) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.25. Manulife Financial had a return on equity of 13.70% and a net margin of 5.49%. The business had revenue of $6.15 billion for the quarter. During the same quarter in the prior year, the firm posted $0.53 EPS.

Several hedge funds have recently modified their holdings of the company. Mackey Komara & Dankovich LLC purchased a new position in Manulife Financial in the fourth quarter valued at about $25,000. CWM LLC grew its stake in Manulife Financial by 69.4% in the fourth quarter. CWM LLC now owns 2,300 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 942 shares in the last quarter. Cardinal Capital Management Inc. grew its stake in Manulife Financial by 32.0% in the fourth quarter. Cardinal Capital Management Inc. now owns 3,300 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 800 shares in the last quarter. Honkamp Krueger Financial Services Inc. purchased a new position in Manulife Financial in the third quarter valued at about $121,000. Finally, Truvestments Capital LLC purchased a new position in Manulife Financial in the third quarter valued at about $149,000. Institutional investors and hedge funds own 46.73% of the company’s stock.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing.

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Earnings History and Estimates for Manulife Financial (NYSE:MFC)

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