Sun Life Financial (SLF) to Release Quarterly Earnings on Monday

Sun Life Financial (TSE:SLF) (NYSE:SLF) is scheduled to issue its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$1.71 per share for the quarter.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The firm had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion.

Sun Life Financial Trading Up 0.6 %

TSE:SLF opened at C$77.63 on Friday. The company’s 50 day moving average is C$76.68 and its 200-day moving average is C$71.45. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. Sun Life Financial has a 12 month low of C$64.36 and a 12 month high of C$79.45. The firm has a market cap of C$44.75 billion, a price-to-earnings ratio of 14.70, a P/E/G ratio of 1.33 and a beta of 0.94.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, August 28th were issued a $0.81 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $3.24 annualized dividend and a yield of 4.17%. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada upped their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Scotiabank increased their target price on Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday. Evercore lowered their target price on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. TD Securities cut their price target on Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, CIBC increased their price objective on Sun Life Financial from C$80.00 to C$90.00 and gave the company an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$78.82.

Insider Activity

In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Director Stephanie Coyles purchased 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000. 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.