Sun Life Financial (SLF) to Release Earnings on Thursday

Sun Life Financial (TSE:SLF) (NYSE:SLF) will announce its earnings results after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of C$1.62 per share for the quarter.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, topping analysts’ consensus estimates of C$1.59 by C$0.09. The firm had revenue of C$18.68 billion for the quarter. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%.

Sun Life Financial Stock Performance

Shares of TSE SLF opened at C$72.52 on Wednesday. Sun Life Financial has a 52 week low of C$61.84 and a 52 week high of C$74.94. The firm has a market cap of C$42.24 billion, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 6.81. The business’s 50-day simple moving average is C$72.32 and its 200-day simple moving average is C$69.91.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were issued a $0.78 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a yield of 4.30%. Sun Life Financial’s dividend payout ratio is 59.32%.

Analyst Ratings Changes

A number of research analysts have commented on SLF shares. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. BMO Capital Markets increased their target price on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Desjardins lifted their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Friday, February 9th. TD Securities lifted their price objective on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the company a “hold” rating in a report on Friday, April 12th. Finally, Evercore increased their target price on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$77.18.

Insider Activity

In related news, Senior Officer Daniel Fishbein sold 16,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$74.45, for a total value of C$1,191,120.00. 0.03% of the stock is currently owned by company insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.