Brokerages Anticipate Sun Life Financial Inc (SLF) to Announce $0.90 EPS

Equities research analysts forecast that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will report earnings of $0.90 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Sun Life Financial’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.88. Sun Life Financial posted earnings of $0.83 per share during the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that Sun Life Financial will report full-year earnings of $3.69 per share for the current year. For the next financial year, analysts anticipate that the company will post earnings of $3.81 per share, with EPS estimates ranging from $3.76 to $3.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Sun Life Financial.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Sun Life Financial had a net margin of 8.15% and a return on equity of 13.74%. The firm had revenue of $4.59 billion during the quarter.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a research report on Thursday, November 15th. Barclays reissued a “buy” rating on shares of Sun Life Financial in a research report on Friday, November 9th. Canaccord Genuity reissued an “average” rating and issued a $53.00 price objective on shares of Sun Life Financial in a research report on Friday, November 9th. Desjardins reissued a “buy” rating on shares of Sun Life Financial in a research report on Tuesday, October 16th. Finally, ValuEngine lowered shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company’s stock. Sun Life Financial presently has a consensus rating of “Hold” and a consensus target price of $54.00.

Sun Life Financial stock opened at $36.42 on Thursday. Sun Life Financial has a 52-week low of $35.72 and a 52-week high of $44.50. The firm has a market capitalization of $22.03 billion, a PE ratio of 11.38 and a beta of 0.83. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.20.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $1.52 annualized dividend and a dividend yield of 4.17%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.37. Sun Life Financial’s dividend payout ratio is presently 45.63%.

Institutional investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank grew its holdings in Sun Life Financial by 36.9% during the 2nd quarter. Toronto Dominion Bank now owns 9,075,777 shares of the financial services provider’s stock valued at $367,220,000 after purchasing an additional 2,447,503 shares in the last quarter. Bank of Montreal Can grew its holdings in Sun Life Financial by 19.0% during the 3rd quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock valued at $507,793,000 after purchasing an additional 2,039,994 shares in the last quarter. Beutel Goodman & Co Ltd. grew its holdings in Sun Life Financial by 13.9% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 11,596,276 shares of the financial services provider’s stock valued at $460,654,000 after purchasing an additional 1,419,001 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Sun Life Financial by 285.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,119,946 shares of the financial services provider’s stock valued at $44,529,000 after purchasing an additional 829,711 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Sun Life Financial by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 15,802,197 shares of the financial services provider’s stock valued at $628,295,000 after purchasing an additional 403,363 shares in the last quarter. 41.24% of the stock is owned by institutional investors.

About Sun Life Financial

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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