Equities research analysts predict that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will announce earnings of $0.89 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Sun Life Financial’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $0.90. Sun Life Financial reported earnings per share of $0.83 during the same quarter last year, which suggests a positive year-over-year growth rate of 7.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, November 7th.
According to Zacks, analysts expect that Sun Life Financial will report full-year earnings of $3.57 per share for the current financial year, with EPS estimates ranging from $3.48 to $3.66. For the next year, analysts expect that the business will post earnings of $3.83 per share, with EPS estimates ranging from $3.78 to $3.87. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Sun Life Financial.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.32. The company had revenue of $5.29 billion for the quarter. Sun Life Financial had a net margin of 9.24% and a return on equity of 13.44%. During the same period in the previous year, the business posted $1.12 EPS.
SLF has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. ValuEngine cut shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Evercore ISI initiated coverage on shares of Sun Life Financial in a research note on Tuesday, July 10th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $53.75.
Shares of SLF traded down $0.05 on Friday, reaching $36.95. The company’s stock had a trading volume of 1,177,507 shares, compared to its average volume of 486,701. 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 company has a market cap of $24.03 billion, a price-to-earnings ratio of 11.55 and a beta of 0.81. Sun Life Financial has a 12-month low of $36.65 and a 12-month high of $44.50.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Wednesday, August 29th were paid a dividend of $0.365 per share. This represents a $1.46 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date was Tuesday, August 28th. Sun Life Financial’s payout ratio is 45.63%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Suntrust Banks Inc. raised its stake in Sun Life Financial by 22.3% during the 1st quarter. Suntrust Banks Inc. now owns 6,707 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 1,225 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of 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 buying an additional 1,330 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of 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 buying an additional 1,365 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Sun Life Financial by 14.3% during the first quarter. PNC Financial Services Group Inc. now owns 11,616 shares of the financial services provider’s stock valued at $477,000 after buying an additional 1,449 shares during the last quarter. Finally, K.J. Harrison & Partners Inc raised its position in shares of Sun Life Financial by 19.2% during the second quarter. K.J. Harrison & Partners Inc now owns 10,255 shares of the financial services provider’s stock valued at $412,000 after buying an additional 1,650 shares during the last quarter. Institutional investors own 41.08% of the company’s stock.
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.
Further Reading: Understanding Price to Earnings Ratio (PE)
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