Analysts Expect Sun Life Financial Inc (SLF) Will Announce Earnings of $0.90 Per Share

Equities research analysts expect Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) to post $0.90 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have made estimates for Sun Life Financial’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.88. Sun Life Financial reported earnings of $0.83 per share in the same quarter last year, which would suggest a positive year over year growth rate of 8.4%. The business is expected to announce 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 financial year, analysts expect that the business will report 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 a mean average based on a survey of analysts that cover Sun Life Financial.

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

A number of research analysts recently commented on SLF shares. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. Canaccord Genuity reaffirmed an “average” rating and issued a $53.00 price target on shares of Sun Life Financial in a research note on Friday, November 9th. Desjardins reaffirmed a “buy” rating on shares of Sun Life Financial in a research note on Tuesday, October 16th. Finally, Barclays reaffirmed a “buy” rating on shares of Sun Life Financial in a research note on Friday, November 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $54.00.

Shares of Sun Life Financial stock opened at $33.48 on Friday. The stock has a market capitalization of $20.20 billion, a PE ratio of 10.46 and a beta of 0.82. Sun Life Financial has a 52-week low of $33.27 and a 52-week high of $44.50. The company has a debt-to-equity ratio of 0.20, a current ratio of 4.06 and a quick ratio of 4.06.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 28th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 4.54%. The ex-dividend date is Tuesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.37. Sun Life Financial’s payout ratio is 47.50%.

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Sun Life Financial by 2.6% during the third quarter. Vanguard Group Inc. now owns 15,802,197 shares of the financial services provider’s stock worth $628,295,000 after acquiring an additional 403,363 shares in the last quarter. Vanguard Group Inc raised its stake in Sun Life Financial by 2.6% during the third quarter. Vanguard Group Inc now owns 15,802,197 shares of the financial services provider’s stock worth $628,295,000 after acquiring an additional 403,363 shares in the last quarter. Bank of Montreal Can raised its stake in Sun Life Financial by 19.0% during the third quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock worth $507,793,000 after acquiring an additional 2,039,994 shares in the last quarter. Beutel Goodman & Co Ltd. raised its stake in Sun Life Financial by 13.9% during the third quarter. Beutel Goodman & Co Ltd. now owns 11,596,276 shares of the financial services provider’s stock worth $460,654,000 after acquiring an additional 1,419,001 shares in the last quarter. Finally, FMR LLC raised its stake in Sun Life Financial by 3.4% during the third quarter. FMR LLC now owns 3,511,095 shares of the financial services provider’s stock worth $139,585,000 after acquiring an additional 115,519 shares in the last quarter. 40.99% of the stock is owned by institutional investors and hedge funds.

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

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