Wall Street analysts forecast that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will post earnings per share of $0.89 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sun Life Financial’s earnings, with the lowest EPS estimate coming in at $0.85 and the highest estimate coming in at $0.92. Sun Life Financial reported earnings of $0.83 per share during the same quarter last year, which indicates a positive year over year growth rate of 7.2%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 13th.
On average, analysts expect that Sun Life Financial will report full-year earnings of $3.69 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $3.80 per share, with EPS estimates ranging from $3.72 to $3.88. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Sun Life Financial.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, November 7th. The financial services provider reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.03. Sun Life Financial had a return on equity of 13.74% and a net margin of 8.15%. The firm had revenue of $4.59 billion during the quarter.
Several research firms have recently weighed in on SLF. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a research report on Thursday, November 15th. Desjardins reaffirmed a “buy” rating on shares of Sun Life Financial in a research report on Tuesday, October 16th. Canaccord Genuity reaffirmed an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research report on Friday, November 9th. CIBC reaffirmed an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research report on Thursday, December 20th. Finally, Barclays reaffirmed a “buy” rating on shares of Sun Life Financial in a research report on Friday, November 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. Sun Life Financial presently has an average rating of “Hold” and a consensus target price of $53.80.
Several institutional investors have recently modified their holdings of the company. Moody Aldrich Partners LLC bought a new stake in shares of Sun Life Financial in the 2nd quarter worth $68,346,000. TRUE Private Wealth Advisors bought a new stake in shares of Sun Life Financial in the 3rd quarter worth $114,000. Csenge Advisory Group bought a new stake in shares of Sun Life Financial in the 3rd quarter worth $116,000. Quantbot Technologies LP bought a new stake in shares of Sun Life Financial in the 3rd quarter worth $167,000. Finally, Tuttle Tactical Management bought a new stake in shares of Sun Life Financial in the 2nd quarter worth $182,000. 40.98% of the stock is owned by hedge funds and other institutional investors.
Shares of SLF stock traded up $0.07 during mid-day trading on Tuesday, hitting $35.45. The company’s stock had a trading volume of 357,297 shares, compared to its average volume of 549,963. Sun Life Financial has a 52 week low of $31.49 and a 52 week high of $44.50. The firm has a market cap of $21.15 billion, a PE ratio of 11.08 and a beta of 0.86.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th were issued a dividend of $0.38 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date of this dividend was Tuesday, November 27th. Sun Life Financial’s payout ratio is currently 47.50%.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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