On Tuesday, Manulife Financial Corp. (NYSE: MFC) was 0.37% up from the session before settling in for the closing price of $27.36. A 52-week range for MFC has been $17.07 – $27.82.
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During the last 5-year period, the sales growth of Financial Sector giant was 18.70%. When this article was written, the company’s average yearly earnings per share was at 5.87%. With a float of $1.78 billion, this company’s outstanding shares have now reached $1.81 billion.
Let’s determine the extent of company efficiency that accounts for 38000 employees. In terms of profitability, gross margin is 100.0%, operating margin of 9.27%, and the pretax margin is 13.64%.
Manulife Financial Corp. (MFC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Manulife Financial Corp. stocks. The insider ownership of Manulife Financial Corp. is 0.10%, while institutional ownership is 59.27%.
Manulife Financial Corp. (MFC) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.68 earnings per share (EPS) during the time that was better than consensus figure (set at 0.61) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.68 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.87% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 2.84% during the next five years compared to 1.48% growth over the previous five years of trading.
Manulife Financial Corp. (NYSE: MFC) Trading Performance Indicators
You can see what Manulife Financial Corp. (MFC) is doing with its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.31. Likewise, its price to free cash flow for the trailing twelve months is 2.85.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit 0.69 in the next quarter and is forecasted to reach 2.94 in one year’s time.
Technical Analysis of Manulife Financial Corp. (MFC)
Looking closely at Manulife Financial Corp. (NYSE: MFC), its last 5-days average volume was 1.49 million, which is a drop from its year-to-date volume of 2.76 million. As of the previous 9 days, the stock’s Stochastic %D was 41.37%. Additionally, its Average True Range was 0.51.
During the past 100 days, Manulife Financial Corp.’s (MFC) raw stochastic average was set at 92.90%, which indicates a significant increase from 83.04% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 18.18% in the past 14 days, which was lower than the 21.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $26.35, while its 200-day Moving Average is $24.15. However, in the short run, Manulife Financial Corp.’s stock first resistance to watch stands at $27.64. Second resistance stands at $27.83. The third major resistance level sits at $28.19. If the price goes on to break the first support level at $27.10, it is likely to go to the next support level at $26.74. Should the price break the second support level, the third support level stands at $26.55.
Manulife Financial Corp. (NYSE: MFC) Key Stats
There are 1,789,707K outstanding shares of the company, which has a market capitalization of 48.83 billion. As of now, sales total 36,613 M while income totals 4,047 M. Its latest quarter income was 9,258 M while its last quarter net income were 798,660 K.
