FY2022 Earnings Forecast for Sun Life Financial Inc. Issued By National Bank Financial (TSE:SLF)

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) – National Bank Financial decreased their FY2022 earnings per share (EPS) estimates for shares of Sun Life Financial in a report released on Tuesday, April 19th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings of $6.18 per share for the year, down from their prior forecast of $6.39. National Bank Financial has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Sun Life Financial’s FY2023 earnings at $7.02 EPS.

Other equities research analysts have also issued research reports about the company. TD Securities lowered Sun Life Financial from a “buy” rating to a “hold” rating and dropped their target price for the company from C$81.00 to C$78.00 in a research report on Thursday, February 10th. Veritas Investment Research reaffirmed a “reduce” rating on shares of Sun Life Financial in a report on Wednesday. BMO Capital Markets reduced their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Zacks Investment Research reaffirmed a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. Finally, National Bankshares cut their price target on Sun Life Financial from C$77.00 to C$76.00 in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$72.42.

Shares of SLF stock opened at C$68.23 on Thursday. Sun Life Financial has a fifty-two week low of C$62.00 and a fifty-two week high of C$74.22. The firm has a market capitalization of C$39.99 billion and a PE ratio of 10.21. The company has a debt-to-equity ratio of 53.27, a quick ratio of 11.27 and a current ratio of 11.91. The stock’s 50-day simple moving average is C$68.54 and its 200-day simple moving average is C$69.64.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported C$1.53 earnings per share for the quarter, meeting analysts’ consensus estimates of C$1.53. The company had revenue of C$13 billion for the quarter.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were issued a dividend of $0.66 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.55. This represents a $2.64 annualized dividend and a dividend yield of 3.87%. The ex-dividend date was Tuesday, March 1st. Sun Life Financial’s payout ratio is currently 39.49%.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Earnings History and Estimates for Sun Life Financial (TSE:SLF)

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