Zacks: Analysts Anticipate Sun Life Financial Inc (SLF) Will Post Earnings of $0.81 Per Share

Equities analysts predict that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will report earnings of $0.81 per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sun Life Financial’s earnings, with estimates ranging from $0.79 to $0.84. Sun Life Financial reported earnings per share of $0.89 during the same quarter last year, which would suggest a negative year-over-year growth rate of 9%. The company is scheduled to issue its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Sun Life Financial will report full year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.23. For the next fiscal year, analysts forecast that the business will post earnings of $3.44 per share, with EPS estimates ranging from $3.38 to $3.51. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Sun Life Financial.

SLF has been the subject of a number of research reports. BMO Capital Markets reissued a “hold” rating and set a $52.00 target price on shares of Sun Life Financial in a report on Friday, November 24th. Zacks Investment Research downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Morgan Stanley lifted their target price on Sun Life Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Eight investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Sun Life Financial presently has an average rating of “Hold” and a consensus target price of $50.40.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Motco increased its position in shares of Sun Life Financial by 2.2% in the second quarter. Motco now owns 95,000 shares of the financial services provider’s stock worth $3,396,000 after purchasing an additional 2,082 shares during the period. Delta Lloyd Asset Management N.V. bought a new position in shares of Sun Life Financial in the second quarter worth $2,259,000. Tobam increased its position in shares of Sun Life Financial by 30.7% in the second quarter. Tobam now owns 36,600 shares of the financial services provider’s stock worth $1,307,000 after purchasing an additional 8,600 shares during the period. Arlington Capital Management Inc. bought a new position in shares of Sun Life Financial in the second quarter worth $2,625,000. Finally, Sentry Investments Corp. increased its position in shares of Sun Life Financial by 252.5% in the second quarter. Sentry Investments Corp. now owns 488,600 shares of the financial services provider’s stock worth $22,651,000 after purchasing an additional 350,000 shares during the period. 41.15% of the stock is owned by institutional investors.

Shares of Sun Life Financial (NYSE:SLF) traded down $0.12 during trading on Wednesday, reaching $40.75. The company’s stock had a trading volume of 292,197 shares, compared to its average volume of 453,139. Sun Life Financial has a fifty-two week low of $32.22 and a fifty-two week high of $41.07. The firm has a market cap of $25,011.49, a P/E ratio of 12.35, a price-to-earnings-growth ratio of 1.86 and a beta of 0.94. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.21.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.3565 per share. The ex-dividend date is Tuesday, November 28th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.50%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.34. Sun Life Financial’s dividend payout ratio (DPR) is currently 43.33%.

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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.

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

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