Sun Life Financial (TSE:SLF) Forecasted to Post Q1 2018 Earnings of $1.10 Per Share

Sun Life Financial (TSE:SLF) (NYSE:SLF) – Desjardins issued their Q1 2018 EPS estimates for shares of Sun Life Financial in a report released on Wednesday, April 11th, according to Zacks Investment Research. Desjardins analyst D. Young anticipates that the financial services provider will post earnings per share of $1.10 for the quarter. Desjardins also issued estimates for Sun Life Financial’s Q2 2018 earnings at $1.12 EPS, Q3 2018 earnings at $1.13 EPS, Q4 2018 earnings at $1.15 EPS and FY2019 earnings at $4.90 EPS.

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SLF has been the subject of several other reports. Royal Bank of Canada boosted their price target on Sun Life Financial from C$56.00 to C$61.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Barclays boosted their price target on Sun Life Financial from C$55.00 to C$57.00 in a research report on Friday, February 16th. CIBC boosted their price target on Sun Life Financial from C$55.00 to C$58.00 in a research report on Monday, January 15th. Eight Capital boosted their price target on Sun Life Financial from C$52.00 to C$55.00 in a research report on Friday, February 16th. Finally, Scotiabank reduced their price target on Sun Life Financial from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Sun Life Financial presently has a consensus rating of “Buy” and an average target price of C$58.67.

SLF opened at C$51.82 on Friday. Sun Life Financial has a 12 month low of C$43.51 and a 12 month high of C$55.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Wednesday, February 14th. The financial services provider reported C$1.05 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.03 by C$0.02. The firm had revenue of C$8.65 billion during the quarter. Sun Life Financial had a return on equity of 4.00% and a net margin of 2.76%.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 1st were given a dividend of $0.455 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.02. This represents a $1.82 annualized dividend and a yield of 3.51%. The ex-dividend date was Wednesday, February 28th.

In other Sun Life Financial news, insider Carolyn Diane Blair sold 3,890 shares of the business’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total transaction of C$210,410.10. Also, insider Kevin Strain sold 12,511 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$53.84, for a total value of C$673,592.24.

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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 (TSE:SLF)

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