National Bank Financial Weighs in on Sun Life Financial Inc.’s Q1 2022 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) – National Bank Financial issued their Q1 2022 earnings per share estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, April 19th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will post earnings per share of $1.40 for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q2 2022 earnings at $1.41 EPS, Q3 2022 earnings at $1.67 EPS and Q4 2022 earnings at $1.70 EPS.

Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, February 9th. The financial services provider reported C$1.53 EPS for the quarter, hitting the Zacks’ consensus estimate of C$1.53. The business had revenue of C$13 billion for the quarter.

Several other equities analysts have also weighed in on SLF. Evercore ISI restated a “hold” rating and set a C$27.00 price target on shares of Sun Life Financial in a research report on Wednesday, January 12th. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a research report on Thursday, March 17th. BMO Capital Markets decreased their price target on shares of Sun Life Financial from C$81.00 to C$80.00 in a research note on Friday, February 11th. TD Securities downgraded Sun Life Financial from a “buy” rating to a “hold” rating and dropped their price objective for the company from C$81.00 to C$78.00 in a research note on Thursday, February 10th. Finally, Scotiabank decreased their target price on Sun Life Financial from C$78.00 to C$76.00 in a research report on Friday, February 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$72.42.

Shares of Sun Life Financial stock opened at C$67.97 on Friday. The firm has a market cap of C$39.84 billion and a PE ratio of 10.17. Sun Life Financial has a 1 year low of C$62.00 and a 1 year high of C$74.22. The company has a debt-to-equity ratio of 53.27, a current ratio of 11.91 and a quick ratio of 11.27. The stock has a fifty day moving average price of C$68.51 and a 200-day moving average price of C$69.66.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Wednesday, March 2nd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.88%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 1st. Sun Life Financial’s payout ratio is presently 34.55%.

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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