Research Analysts Set Expectations for Manulife Financial Corp.’s Q4 2017 Earnings (MFC)

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Equities researchers at National Bank Financial upped their Q4 2017 earnings per share (EPS) estimates for shares of Manulife Financial Corp. in a research report issued on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $0.63 per share for the quarter, up from their prior forecast of $0.59. National Bank Financial currently has a “Sector Perform” rating and a $29.00 price target on the stock. National Bank Financial also issued estimates for Manulife Financial Corp.’s Q1 2018 earnings at $0.63 EPS, Q2 2018 earnings at $0.63 EPS and FY2018 earnings at $2.55 EPS.

Several other equities research analysts also recently commented on MFC. Barclays PLC upped their price objective on shares of Manulife Financial Corp. from C$29.00 to C$30.00 in a report on Monday. Desjardins upped their price objective on shares of Manulife Financial Corp. from C$28.00 to C$30.00 in a report on Monday. Scotiabank upped their price objective on shares of Manulife Financial Corp. from C$31.00 to C$32.00 and gave the company an “outperform” rating in a report on Friday. Royal Bank Of Canada upped their price objective on shares of Manulife Financial Corp. from C$28.00 to C$30.00 and gave the company an “outperform” rating in a report on Friday. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a C$31.00 price objective on shares of Manulife Financial Corp. in a report on Friday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of C$28.83.

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Manulife Financial Corp. (TSE MFC) opened at C$26.83 on Monday. Manulife Financial Corp. has a 1 year low of C$22.39 and a 1 year high of C$27.50.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 19th. Stockholders of record on Tuesday, November 21st will be issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date is Monday, November 20th. Manulife Financial Corp.’s payout ratio is 43.96%.

In other news, insider Marianne Harrison sold 3,703 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$24.26, for a total value of C$89,834.78.

About Manulife Financial Corp.

Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.

Earnings History and Estimates for Manulife Financial Corp. (TSE:MFC)

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