FY2025 EPS Estimates for Sun Life Financial Cut by Cormark

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Stock analysts at Cormark lowered their FY2025 earnings per share estimates for shares of Sun Life Financial in a report released on Thursday, February 13th. Cormark analyst L. Persaud now anticipates that the financial services provider will earn $7.31 per share for the year, down from their previous forecast of $7.57. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

SLF has been the subject of several other research reports. 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 note on Thursday, November 14th. Jefferies Financial Group upped their price target on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. National Bankshares decreased their price target on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank decreased their price target on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday. Finally, Barclays increased their target price on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$87.10.

Sun Life Financial Stock Performance

SLF opened at C$78.20 on Monday. The company has a market cap of C$44.67 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The stock has a 50-day moving average of C$84.34 and a 200-day moving average of C$79.66. 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 debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19.

Sun Life Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be given a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.30%. Sun Life Financial’s dividend payout ratio is currently 48.87%.

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.