Mizuho Financial Group Inc. (NYSE: MFG) stock fell -0.84% on Friday to $2.37 against a previous-day closing price of $2.39. With 1.08 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 million shares. During the session, the Banks – Regional company that operates in wider Financial sector, reached to the highest price of $2.3750 whereas the lowest price it dropped to was $2.3400. The 52-week range on MFG shows that it touched its highest point at $3.04 and its lowest point at $2.15 during that stretch. It currently has a 1-year price target of $2.48. With its current market cap of 28.50 billion, MFG has annualized dividend of $0.20 while the current yield stands at 8.44%. Beta for the stock currently stands at 0.58.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of MFG was down-trending over the past week, with a drop of -0.84%, but this was up by 4.41% over a month. Three-month performance dropped to -3.27% while six-month performance fell -14.13%. The stock lost -16.25% in the past year, while it has lost -7.06% so far this year. A look at the trailing 12-month EPS for MFG yields 0.34 with Next year EPS estimates of 1.01. For the next quarter, that number is 0.06. This implies an EPS growth rate of 287.30% for this year and -12.90% for next year. EPS is expected to grow by 1.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -7.30%.
Float and Shares Shorts:
At present, 12.68 billion MFG shares are outstanding with a float of 11.44 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 1.99 million, which was 0.02% higher than short shares on Jun 14, 2022. In addition to Mr. Seiji Imai as the firm’s Dy Pres, Sr Rep Exec Off, Head of Corp, Institutional Co & Global Corp Co and Director, Mr. Naofumi Fuke serves as its Sr. Exec. Officer & Co-Head of Retail & Bus. Banking Company.
Through their ownership of 0.49% of MFG’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 0.46% of MFG, in contrast to 0.03% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in MFG with 0.16% of the stake, Parametric Portfolio Associates L holds 20,688,502 shares worth 20,688,502. A second-largest stockholder of MFG, Goldman Sachs Asset Management LP, holds 8,331,198 shares, controlling over 0.07% of the firm’s shares. Aperio Group LLC is the third largest shareholder in MFG, holding 5,697,964 shares or 0.05% stake. With a 0.01% stake in MFG, the Steward Global Equity Income Fund is the largest stakeholder. A total of 1,774,200 shares are owned by the mutual fund manager. The Avantis International Equity ETF, which owns about 0.01% of MFG stock, is the second-largest Mutual Fund holder. It holds 671,455 shares valued at 1.5 million. Trust for Professional Managers – holds 0.00% of the stake in MFG, owning 532,231 shares worth 1.19 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for MFG since 13 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 9 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With MFG analysts setting a high price target of $4.21 and a low target of $2.43, the average target price over the next 12 months is $2.90. Based on these targets, MFG could surge 77.64% to reach the target high and rise by 2.53% to reach the target low. Reaching the average price target will result in a growth of 22.36% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. MFG will report FY 2023 earnings on 05/15/2023. Analysts have provided yearly estimates in a range of $0.35 being high and $0.31 being low. For MFG, this leads to a yearly average estimate of $0.32. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Mizuho Financial Group Inc. surprised analysts by $0.03 when it reported $0.10 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.08. The average estimate for the next quarter is thus $0.08.