Sun Life Financial (SLF) to Release Earnings on Thursday

Sun Life Financial (NYSE:SLF) (TSE:SLF) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect Sun Life Financial to post earnings of $1.20 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. The company had revenue of $13.73 billion during the quarter. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. On average, analysts expect Sun Life Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sun Life Financial Stock Performance

NYSE SLF opened at $51.49 on Thursday. Sun Life Financial has a 52-week low of $44.57 and a 52-week high of $55.46. The firm has a 50-day moving average of $53.28 and a 200-day moving average of $51.41. The stock has a market cap of $29.99 billion, a PE ratio of 13.27, a P/E/G ratio of 1.28 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were paid a $0.581 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.32 annualized dividend and a yield of 4.51%. Sun Life Financial’s payout ratio is 59.79%.

Analyst Ratings Changes

Separately, Jefferies Financial Group initiated coverage on shares of Sun Life Financial in a report on Thursday, February 22nd. They issued a “buy” rating on the stock.

Sun Life Financial Company Profile

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.