Manulife Financial (MFC) Posts Earnings Results, Beats Expectations By $0.15 EPS

Manulife Financial (NYSE:MFC) (TSE:MFC) released its earnings results on Wednesday. The financial services provider reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15, Briefing.com reports. Manulife Financial had a net margin of 5.49% and a return on equity of 13.70%. The business had revenue of $6.44 billion for the quarter. During the same quarter in the previous year, the firm earned $0.59 earnings per share.

Shares of NYSE MFC traded up $0.24 during mid-day trading on Thursday, hitting $16.04. The company’s stock had a trading volume of 3,673,835 shares, compared to its average volume of 1,953,353. The firm has a market capitalization of $32.08 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 0.72 and a beta of 1.35. Manulife Financial has a one year low of $13.33 and a one year high of $20.14.

Several research analysts have weighed in on MFC shares. Barclays reiterated a “buy” rating on shares of Manulife Financial in a research note on Thursday, January 10th. ValuEngine raised shares of Manulife Financial from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 2nd. TD Securities reissued a “buy” rating on shares of Manulife Financial in a research report on Thursday, November 8th. Scotiabank reaffirmed an “average” rating and set a $28.00 price objective on shares of Manulife Financial in a report on Tuesday, November 13th. Finally, Canaccord Genuity reaffirmed a “buy” rating on shares of Manulife Financial in a report on Friday, November 9th. One 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 stock. Manulife Financial presently has a consensus rating of “Hold” and an average target price of $24.33.

TRADEMARK VIOLATION NOTICE: “Manulife Financial (MFC) Posts Earnings Results, Beats Expectations By $0.15 EPS” was first posted by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was illegally copied and reposted in violation of US & international copyright laws. The original version of this article can be viewed at https://www.com-unik.info/2019/02/14/manulife-financial-mfc-posts-earnings-results-beats-expectations-by-0-15-eps.html.

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.

Recommended Story: How to Invest in Growth Stocks

Earnings History for Manulife Financial (NYSE:MFC)

Receive News & Ratings for Manulife Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial and related companies with MarketBeat.com's FREE daily email newsletter.



Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit