Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Equities research analysts at Desjardins reduced their FY2018 earnings per share (EPS) estimates for Sun Life Financial in a research note issued to investors on Monday, October 15th, Zacks Investment Research reports. Desjardins analyst D. Young now anticipates that the financial services provider will earn $4.53 per share for the year, down from their previous forecast of $4.58.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 EPS for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.05. The company had revenue of C$6.83 billion during the quarter.
Shares of TSE:SLF traded down C$0.18 during midday trading on Thursday, reaching C$48.45. 1,192,800 shares of the company’s stock traded hands, compared to its average volume of 1,099,038. The company has a quick ratio of 448.92, a current ratio of 481.58 and a debt-to-equity ratio of 18.98. Sun Life Financial has a one year low of C$46.96 and a one year high of C$56.09.
In other Sun Life Financial news, insider Stephen Peacher sold 89,485 shares of the stock in a transaction dated 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.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be issued a $0.50 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a yield of 4.13%. Sun Life Financial’s dividend payout ratio is currently 46.50%.
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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