What is Cormark’s Estimate for TSE:SLF Q4 Earnings?

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Investment analysts at Cormark issued their Q4 2024 EPS estimates for Sun Life Financial in a research note issued on Tuesday, February 4th. Cormark analyst L. Persaud expects that the financial services provider will post earnings of $1.80 per share for the quarter. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Other analysts have also issued reports about the stock. National Bankshares upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$82.00 to C$95.00 in a research report on Wednesday, January 15th. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Scotiabank lifted their target price on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday, November 14th. TD Securities upped their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research report on Thursday, November 14th. Finally, CIBC lifted their price objective on Sun Life Financial from C$96.00 to C$97.00 in a research report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and an average target price of C$86.73.

Sun Life Financial Trading Up 1.7 %

Sun Life Financial stock opened at C$84.18 on Thursday. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The company has a market cap of C$48.53 billion, a P/E ratio of 15.94, a P/E/G ratio of 1.33 and a beta of 0.94. 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. The business has a 50-day simple moving average of C$84.94 and a two-hundred day simple moving average of C$78.90.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Monday, November 4th. The financial services provider reported C$1.76 EPS for the quarter, topping the consensus estimate of C$1.71 by C$0.05. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. During the same period last year, the company earned $1.59 earnings per share.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.99%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty bought 5,800 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is currently owned by insiders.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.