Manulife Financial Corporation (MFC): What the Financials Tell Us

Manulife Financial Corporation (NYSE:MFC) saw a downside of -0.25% to close Monday at $19.74 after subtracting -$0.05 on the day. The 5-day average trading volume is 4,345,600 shares of the company’s common stock. It has gained $20.16 in the past week. An average of 3,565,825 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,433,450.

MFC’s 1-month performance is 2.44% or $0.47 on its low of $18.31 reached on 09/20/21. The company’s shares have touched a 52-week low of $13.13 and high of $22.25, with the stock’s rally to the 52-week high happening on 03/18/21. YTD, MFC has achieved 10.77% or $1.92. However, the current price is down -11.28%% from the 52-week high price.


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Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 30.45 and a low of 4.270. MFC stock has a beta of 1.37. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.88 while the price-to-book (PB) in the most recent quarter is 1.02, with the price to cash flow ratio at 2.58.

Manulife Financial Corporation pays an annual dividend of $0.90 per share. Its dividend yield is 4.56% and the payout ratio is 38.50%. MFC’s most recent quarterly dividend payment was made on Sep. 20, when it paid $0.2233 a share compared with prior rate of $0.2285, down -2.33% from last year’s. The company latest dividend decrease of $0.0052 reported on Friday August 6 2021. Measured over the last 3 years, the Dividend has been growing by 32.64% yearly.

It is projected that Manulife Financial Corporation’s next ex-dividend date will be on 22-Nov. MFC is expected to distribute $0.28 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 0.25, while the total debt to equity was 0.25. The firm’s gross profit as reported stood at $5.05 billion against revenue of $58.9 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 51.02% to $60.95 billion, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected MFC to announce $0.62 per share in earnings in its latest quarter, but it posted $0.66, representing a 6.50% surprise. EBITDA for the quarter stood at more than $11.93 billion. MFC stock balance sheet for the quarter ending June 29 shows that, with total debt at $21.29 billion

Technical Picture

Let’s look briefly at Manulife Financial Corporation (MFC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 11 October was 58.51% to suggest the stock is trending Neutral, with historical volatility in this time period at 14.69%.

The stock’s 5-day moving average is $19.59, reflecting a +1.60% or $0.31 change from its current price. MFC is currently trading +1.13% above its 20-day SMA, -3.94% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +2.12% and +12.93% respectively.

Stochastic %K and %D was 81.80% and 79.93% and the average true range (ATR) pointed at 0.38. The RSI (14) points at 55.34%, while the 14-day stochastic is at 72.47% with the period’s ATR at 0.38. The stock’s 9-day MACD Oscillator is pointing at 0.17 and 0.23 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Manulife Financial Corporation (NYSE: MFC), Credit Suisse downgraded it to a Neutral rating. They previously had an Outperform rating on the stock. Analysts offering their rating for MFC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MFC as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 6 have offered a “buy” rating.

What is MFC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $21.26 and a high of $28.42, with their median price target at $23.24. Looking at these predictions, the average price target given by analysts is for Manulife Financial Corporation (MFC) stock is $23.74.

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