Sun Life Financial (SLF) Expected to Announce Earnings of $0.89 Per Share

Equities research analysts predict that Sun Life Financial (NYSE:SLF) (TSE:SLF) will announce $0.89 earnings per share for the current fiscal quarter, Zacks 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 $0.91. Sun Life Financial reported earnings per share of $0.70 in the same quarter last year, which would indicate a positive year over year growth rate of 27.1%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, May 8th.

On average, analysts expect that Sun Life Financial will report full year earnings of $3.66 per share for the current year, with EPS estimates ranging from $3.58 to $3.75. For the next financial year, analysts forecast that the firm will report earnings of $3.95 per share, with EPS estimates ranging from $3.82 to $4.02. Zacks’ EPS averages are a mean average based on a survey of research firms that follow Sun Life Financial.

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Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.83. The firm had revenue of $6.81 billion for the quarter. Sun Life Financial had a net margin of 7.59% and a return on equity of 12.61%.

SLF has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, January 10th. TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Scotiabank upgraded shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 price target on the stock in a research note on Wednesday, January 31st. BMO Capital Markets upgraded shares of Sun Life Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Finally, Morgan Stanley cut their price target on shares of Sun Life Financial from $57.00 to $56.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 5th. Four investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of $53.17.

Large investors have recently modified their holdings of the business. Independence Bank of Kentucky acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $117,000. Salem Investment Counselors Inc. acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $124,000. Elkfork Partners LLC acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $183,000. Wedbush Securities Inc. acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $200,000. Finally, Suntrust Banks Inc. acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $225,000. Institutional investors own 41.62% of the company’s stock.

SLF traded down $0.04 on Tuesday, hitting $40.71. The company had a trading volume of 73,794 shares, compared to its average volume of 588,347. The firm has a market cap of $24,567.54, a P/E ratio of 12.71, a price-to-earnings-growth ratio of 1.59 and a beta of 0.91. Sun Life Financial has a 1 year low of $32.22 and a 1 year high of $44.50. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.23.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st were paid a dividend of $0.3617 per share. The ex-dividend date of this dividend was Wednesday, February 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.36. This represents a $1.45 dividend on an annualized basis and a yield of 3.55%. Sun Life Financial’s dividend payout ratio is 45.63%.

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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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