Equities Analysts Issue Forecasts for Sun Life Financial Inc’s FY2017 Earnings (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Investment analysts at National Bank Financial upped their FY2017 earnings per share (EPS) estimates for shares of Sun Life Financial in a report issued on Thursday. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings of $4.14 per share for the year, up from their prior estimate of $4.04. National Bank Financial currently has a “Outperform” rating and a $54.00 target price on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2017 earnings at $1.06 EPS, Q1 2018 earnings at $1.08 EPS, Q2 2018 earnings at $1.10 EPS and FY2018 earnings at $4.41 EPS.

A number of other equities analysts have also recently issued reports on SLF. Scotiabank boosted their price objective on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, August 11th. Royal Bank Of Canada boosted their price objective on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. CSFB boosted their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Finally, TD Securities boosted their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$54.17.

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Sun Life Financial (TSE:SLF) opened at C$49.54 on Monday. Sun Life Financial has a 52-week low of C$43.51 and a 52-week high of C$53.75.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 29th will be given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. The ex-dividend date is Tuesday, November 28th. Sun Life Financial’s dividend payout ratio is currently 39.49%.

In related news, insider Kevin Strain sold 34,298 shares of the business’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$49.15, for a total transaction of C$1,685,746.70.

About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Earnings History and Estimates for Sun Life Financial (TSE:SLF)

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