Manulife Financial (NYSE:MFC) Issues Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Manulife Financial (NYSE:MFC) (TSE:MFC) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07, Zacks reports. The company had revenue of $9.31 billion during the quarter. Manulife Financial had a net margin of 9.79% and a return on equity of 16.11%.

Manulife Financial Stock Performance

Shares of NYSE:MFC traded up $2.37 during midday trading on Thursday, hitting $32.15. 2,056,775 shares of the stock were exchanged, compared to its average volume of 1,975,531. The business’s 50-day moving average price is $30.31 and its 200 day moving average price is $29.70. Manulife Financial has a 12 month low of $22.61 and a 12 month high of $33.07. The stock has a market capitalization of $55.41 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.04 and a beta of 1.09.

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.