FY2018 Earnings Estimate for Sun Life Financial Inc (TSE:SLF) Issued By Desjardins

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.

A number of other research analysts also recently issued reports on the company. Barclays lowered their price target on Sun Life Financial from C$58.00 to C$54.00 in a report on Friday. Canaccord Genuity lowered their price target on Sun Life Financial from C$54.00 to C$53.00 in a report on Friday. BMO Capital Markets lowered their price target on Sun Life Financial from C$60.00 to C$56.00 in a report on Friday. Evercore ISI lowered their price target on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday. Finally, Evercore lowered their price target on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Sun Life Financial presently has a consensus rating of “Buy” and a consensus price target of C$57.71.

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.

Featured Article: Return on Equity (ROE)

Get a free copy of the Zacks research report on Sun Life Financial (SLF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Sun Life Financial (TSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply