Q3 2017 EPS Estimates for Manulife Financial Corp. Raised by Cormark (MFC)

Manulife Financial Corp. (TSE:MFC) (NYSE:MFC) – Investment analysts at Cormark boosted their Q3 2017 EPS estimates for shares of Manulife Financial Corp. in a research note issued on Friday. Cormark analyst M. Grauman now forecasts that the brokerage will earn $0.55 per share for the quarter, up from their prior forecast of $0.54. Cormark also issued estimates for Manulife Financial Corp.’s Q1 2018 earnings at $0.59 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.62 EPS and Q4 2018 earnings at $0.63 EPS.

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

A number of other research firms have also recently commented on MFC. Barclays PLC upped their price target on Manulife Financial Corp. from C$24.00 to C$28.00 and gave the stock an “overweight” rating in a research note on Thursday, January 12th. Desjardins increased their price objective on Manulife Financial Corp. from C$25.00 to C$27.00 in a research note on Wednesday, December 21st. Dundee Securities increased their price objective on Manulife Financial Corp. from C$24.00 to C$27.00 in a research note on Thursday, December 22nd. Royal Bank Of Canada reiterated an “outperform” rating and issued a C$26.00 price objective on shares of Manulife Financial Corp. in a research note on Friday. Finally, CIBC increased their price objective on Manulife Financial Corp. from C$23.00 to C$27.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$25.57.

Manulife Financial Corp. (TSE:MFC) opened at 24.41 on Monday. The company’s 50-day moving average price is $24.58 and its 200 day moving average price is $21.02. The stock has a market capitalization of $47.84 billion and a P/E ratio of 17.31. Manulife Financial Corp. has a 52 week low of $15.92 and a 52 week high of $25.57.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 20th. Shareholders of record on Wednesday, February 22nd will be issued a dividend of $0.205 per share. This is a positive change from Manulife Financial Corp.’s previous quarterly dividend of $0.19. The ex-dividend date is Friday, February 17th. This represents a $0.82 annualized dividend and a dividend yield of 3.36%.

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About Manulife Financial Corp.

Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.

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