Research Analysts Offer Predictions for Sun Life Financial Inc’s Q3 2018 Earnings (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Analysts at Cormark raised their Q3 2018 earnings per share estimates for Sun Life Financial in a research report issued on Thursday, November 1st. Cormark analyst M. Grauman now expects that the financial services provider will earn $1.20 per share for the quarter, up from their prior forecast of $1.17. Cormark also issued estimates for Sun Life Financial’s Q4 2018 earnings at $1.20 EPS, FY2018 earnings at $4.86 EPS and FY2019 earnings at $5.10 EPS.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.15 by C$0.05. The company had revenue of C$6.83 billion during the quarter.

Several other equities analysts have also commented on the company. Canaccord Genuity increased their target price on Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, August 10th. Evercore dropped their target price on Sun Life Financial from C$60.50 to C$60.00 in a report on Monday, October 15th. TD Securities dropped their target price on Sun Life Financial from C$63.00 to C$62.00 in a report on Thursday, August 9th. Desjardins dropped their target price on Sun Life Financial from C$60.00 to C$58.00 in a report on Tuesday, October 16th. Finally, CIBC dropped their target price on Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$59.08.

TSE:SLF opened at C$49.04 on Friday. Sun Life Financial has a 12 month low of C$47.05 and a 12 month high of C$56.09.

In related news, insider Stephen Peacher sold 89,485 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total value of C$4,598,634.15.

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 (TSE:SLF)

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