Sun Life Financial (SLF) Set to Announce Earnings on Monday

Sun Life Financial (TSE:SLF) (NYSE:SLF) will release its earnings data after the market closes on Monday, November 4th. Analysts expect Sun Life Financial to post earnings of C$1.71 per share for the quarter.

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

Sun Life Financial Trading Up 0.6 %

Shares of SLF stock opened at C$77.63 on Friday. The stock has a 50 day simple moving average of C$76.68 and a 200 day simple moving average of C$71.45. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. Sun Life Financial has a 1 year low of C$64.36 and a 1 year high of C$79.45. The stock has a market cap of C$44.75 billion, a P/E ratio of 14.70, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Dividend Announcement

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

Insider Transactions at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction on 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 stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLF. Scotiabank upped their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday. National Bankshares upped their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. TD Securities lowered their price target on shares of 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. CIBC upped their price target on shares of Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Evercore decreased their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$78.82.

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.