On Tuesday, Manulife Financial Corp. (NYSE: MFC) opened lower -0.53% from the last session, before settling in for the closing price of $30.23. Price fluctuations for MFC have ranged from $17.30 to $30.86 over the past 52 weeks.
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A company in the Financial sector has jumped its sales by 18.70% annually for the last half of the decade. Company’s average yearly earnings per share was noted 5.29% at the time writing. With a float of $1.78 billion, this company’s outstanding shares have now reached $1.81 billion.
In an organization with 38000 employees, it is important to assess its efficiency. 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 Updates
A key investor’s attitude towards the stock of the Insurance – Life industry is another important factor to consider. The insider ownership of Manulife Financial Corp. is 0.10%, while institutional ownership is 52.64%.
Manulife Financial Corp. (MFC) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.68 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.61) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.67 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.29% 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
Check out the current performance indicators for Manulife Financial Corp. (MFC). In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.43. Likewise, its price to free cash flow for the trailing twelve months is 3.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.74, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 2.93 in one year’s time.
Technical Analysis of Manulife Financial Corp. (MFC)
Let’s dig in a bit further. During the last 5-days, its volume was 0.99 million. That was inferior than the volume of 2.56 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 31.12%. Additionally, its Average True Range was 0.41.
During the past 100 days, Manulife Financial Corp.’s (MFC) raw stochastic average was set at 89.55%, which indicates a significant increase from 36.03% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 12.75% in the past 14 days, which was lower than the 19.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $28.81, while its 200-day Moving Average is $25.67. However, in the short run, Manulife Financial Corp.’s stock first resistance to watch stands at $30.20. Second resistance stands at $30.34. The third major resistance level sits at $30.45. If the price goes on to break the first support level at $29.95, it is likely to go to the next support level at $29.84. Assuming the price breaks the second support level, the third support level stands at $29.70.
Manulife Financial Corp. (NYSE: MFC) Key Stats
There are currently 1,758,919K shares outstanding in the company with a market cap of 53.47 billion. Presently, the company’s annual sales total 36,613 M according to its annual income of 4,047 M. Last quarter, the company’s sales amounted to 9,258 M and its income totaled 798,660 K.
