Manulife Financial (MFC) to Release Quarterly Earnings on Wednesday

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Manulife Financial (TSE:MFC) (NYSE:MFC) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, November 7th. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

Manulife Financial (TSE:MFC) (NYSE:MFC) last issued its earnings results on Wednesday, August 8th. The financial services provider reported C$0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.65 by C$0.05. The company had revenue of C$13.67 billion during the quarter. Manulife Financial had a negative return on equity of 12.24% and a negative net margin of 7.55%.

Shares of MFC stock opened at C$21.02 on Wednesday. Manulife Financial has a 1 year low of C$19.63 and a 1 year high of C$27.77.

MFC has been the subject of a number of research analyst reports. Canaccord Genuity set a C$29.00 target price on Manulife Financial and gave the stock a “buy” rating in a research note on Tuesday, July 24th. Desjardins reduced their target price on Manulife Financial from C$29.00 to C$27.00 in a research note on Tuesday, October 16th. National Bank Financial reduced their target price on Manulife Financial from C$30.00 to C$27.00 and set an “outperform” rating for the company in a research note on Friday, October 5th. Finally, CIBC reduced their target price on Manulife Financial from C$30.00 to C$25.00 in a research note on Monday. Seven equities research analysts have rated the stock with a buy rating, Manulife Financial has a consensus rating of “Buy” and a consensus price target of C$29.00.

In other Manulife Financial news, insider Lynda Sullivan sold 5,754 shares of Manulife Financial stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of C$24.14, for a total transaction of C$138,901.56. Also, insider Rahim Hirji sold 22,000 shares of Manulife Financial stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of C$24.30, for a total value of C$534,600.00. Insiders sold a total of 45,883 shares of company stock valued at $1,111,136 in the last 90 days.

About Manulife Financial

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 for Manulife Financial (TSE:MFC)

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