Manulife Financial Corp (NYSE: MFC) on Monday, plunged -1.01% from the previous trading day, before settling in for the closing price of $32.66. Within the past 52 weeks, MFC’s price has moved between $18.80 and $33.07.
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During the last 5-year period, the sales growth of Financial Sector giant was 18.70%. The company achieved an average annual earnings per share of 5.56%. With a float of $1.75 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 109.19%, operating margin of 7.28%, and the pretax margin is 15.76%.
Manulife Financial Corp (MFC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Insurance – Life industry stocks is more important than anything else. The insider ownership of Manulife Financial Corp is 0.10%, while institutional ownership is 52.05%.
Manulife Financial Corp (MFC) Recent Fiscal highlights
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.92 earnings per share (EPS) for the period topping the consensus outlook (set at 0.85) by 0.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 5.56% 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
Manulife Financial Corp (MFC) is currently performing well based on its current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.94. Likewise, its price to free cash flow for the trailing twelve months is 4.27.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.08, a number that is poised to hit 0.67 in the next quarter and is forecasted to reach 2.92 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 3.01 million, which is a jump from its year-to-date volume of 2.54 million. As of the previous 9 days, the stock’s Stochastic %D was 85.49%. Additionally, its Average True Range was 0.57.
During the past 100 days, Manulife Financial Corp’s (MFC) raw stochastic average was set at 92.43%, which indicates a significant increase from 81.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 27.48% in the past 14 days, which was higher than the 20.66% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.00, while its 200-day Moving Average is $26.35. However, in the short run, Manulife Financial Corp’s stock first resistance to watch stands at $32.58. Second resistance stands at $32.84. The third major resistance level sits at $32.98. If the price goes on to break the first support level at $32.18, it is likely to go to the next support level at $32.04. Now, if the price goes above the second support level, the third support stands at $31.78.
Manulife Financial Corp (NYSE: MFC) Key Stats
Market capitalization of the company is 79.35 billion based on 1,751,879K outstanding shares. Right now, sales total 36,613 M and income totals 4,047 M. The company made 10,905 M in profit during its latest quarter, and 1,419 M in sales during its previous quarter.
