FY2026 Earnings Estimate for TSE:MFC Issued By Desjardins

Manulife Financial Co. (TSE:MFC) (NYSE:MFC) – Equities researchers at Desjardins raised their FY2026 earnings estimates for shares of Manulife Financial in a research report issued to clients and investors on Thursday, November 13th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $4.40 per share for the year, up from their previous forecast of $4.35. Desjardins has a “Buy” rating and a $52.00 price target on the stock. The consensus estimate for Manulife Financial’s current full-year earnings is $3.61 per share. Desjardins also issued estimates for Manulife Financial’s FY2027 earnings at $4.80 EPS.

Several other research firms have also recently commented on MFC. Barclays upped their price target on Manulife Financial from C$47.00 to C$48.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. UBS Group upgraded Manulife Financial to a “strong-buy” rating in a research report on Thursday, October 16th. National Bankshares raised their target price on Manulife Financial from C$47.00 to C$52.00 and gave the stock an “outperform” rating in a research report on Monday, October 20th. TD Securities lifted their price target on shares of Manulife Financial from C$54.00 to C$57.00 in a research note on Thursday, November 13th. Finally, CIBC boosted their price target on shares of Manulife Financial from C$49.00 to C$50.00 in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$50.56.

Manulife Financial Stock Performance

TSE MFC opened at C$47.48 on Monday. The firm has a 50-day simple moving average of C$44.91 and a 200 day simple moving average of C$43.53. Manulife Financial has a twelve month low of C$36.93 and a twelve month high of C$49.82. The stock has a market cap of C$80.00 billion, a PE ratio of 15.22, a PEG ratio of 1.01 and a beta of 0.94.

Manulife Financial (TSE:MFC) (NYSE:MFC) last posted its quarterly earnings results on Wednesday, November 12th. The financial services provider reported C$1.02 earnings per share (EPS) for the quarter. Manulife Financial had a net margin of 12.52% and a return on equity of 11.75%. The company had revenue of C$43.35 billion for the quarter.

Manulife Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 19th. Shareholders of record on Friday, September 19th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, August 20th. Manulife Financial’s dividend payout ratio is currently 55.13%.

About Manulife Financial

Manulife provides life insurance and wealth management products and services to individuals and group customers in Canada, the United States, and Asia. Manulife is one of Canada’s Big Three Life Insurance companies (the other two are Sun Life and Great West Life). As of Dec. 31, 2021, Manulife reported assets under management or administration of about CAD $1.4 trillion.