Brokerages Anticipate Sun Life Financial Inc (SLF) Will Announce Earnings of $0.90 Per Share

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Wall Street brokerages expect Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) to announce $0.90 earnings per share (EPS) for the current quarter, according to Zacks. Zero analysts have made estimates for Sun Life Financial’s earnings, with estimates ranging from $0.88 to $0.92. Sun Life Financial posted earnings per share of $0.83 during the same quarter last year, which indicates a positive year-over-year growth rate of 8.4%. The company is expected to report its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, 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 calculations are a mean average based on a survey of analysts that follow 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.89 by $0.03. Sun Life Financial had a return on equity of 13.74% and a net margin of 8.15%. The company had revenue of $4.59 billion for the quarter.

A number of equities analysts recently commented on SLF shares. Zacks Investment Research cut Sun Life Financial from a “hold” rating to a “sell” rating in a report on Monday, August 27th. Desjardins reaffirmed a “buy” rating on shares of Sun Life Financial in a report on Tuesday, October 16th. Canaccord Genuity reaffirmed an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a report on Friday, November 9th. Finally, Barclays reaffirmed a “buy” rating on shares of Sun Life Financial in a report on Friday, November 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $54.00.

Shares of Sun Life Financial stock opened at $32.97 on Friday. Sun Life Financial has a one year low of $32.59 and a one year high of $44.50. The firm has a market capitalization of $20.20 billion, a P/E ratio of 10.30 and a beta of 0.82. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.20.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be issued a dividend of $0.38 per share. The ex-dividend date is Tuesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.37. This represents a $1.52 dividend on an annualized basis and a yield of 4.61%. Sun Life Financial’s dividend payout ratio (DPR) is currently 47.50%.

A number of large investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. raised its holdings in Sun Life Financial by 15.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,804 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 1,330 shares during the period. Vident Investment Advisory LLC raised its holdings in Sun Life Financial by 1.7% during the second quarter. Vident Investment Advisory LLC now owns 83,137 shares of the financial services provider’s stock valued at $3,344,000 after acquiring an additional 1,365 shares during the period. Moody Aldrich Partners LLC bought a new stake in Sun Life Financial during the second quarter valued at about $68,346,000. Comerica Bank raised its holdings in Sun Life Financial by 4.2% during the third quarter. Comerica Bank now owns 43,980 shares of the financial services provider’s stock valued at $1,648,000 after acquiring an additional 1,771 shares during the period. Finally, Todd Asset Management LLC raised its holdings in Sun Life Financial by 0.5% during the second quarter. Todd Asset Management LLC now owns 372,156 shares of the financial services provider’s stock valued at $14,939,000 after acquiring an additional 1,788 shares during the period. 40.99% of the stock is currently owned by institutional investors and hedge funds.

About Sun Life Financial

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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