Sun Life Financial Inc. Forecasted to Earn Q2 2022 Earnings of $1.45 Per Share (TSE:SLF)

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) – Equities research analysts at Desjardins issued their Q2 2022 EPS estimates for shares of Sun Life Financial in a research note issued on Thursday, May 12th. Desjardins analyst D. Young forecasts that the financial services provider will post earnings per share of $1.45 for the quarter. Desjardins also issued estimates for Sun Life Financial’s Q3 2022 earnings at $1.55 EPS, Q4 2022 earnings at $1.56 EPS, FY2022 earnings at $6.15 EPS and FY2023 earnings at $6.70 EPS.

A number of other analysts have also recently commented on SLF. CIBC cut their price objective on Sun Life Financial from C$71.00 to C$68.00 and set an “outperform” rating for the company in a research report on Friday. TD Securities reduced their price objective on Sun Life Financial from C$76.00 to C$72.00 and set a “hold” rating for the company in a research note on Thursday. Scotiabank lowered their target price on shares of Sun Life Financial from C$76.00 to C$71.00 in a research note on Monday, May 2nd. National Bank Financial reduced their target price on shares of Sun Life Financial to C$77.00 and set a “sector perform” rating for the company in a research report on Thursday, February 10th. Finally, National Bankshares lowered their price target on shares of Sun Life Financial from C$76.00 to C$72.00 and set a “sector perform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and a consensus target price of C$69.46.

Sun Life Financial stock opened at C$61.54 on Monday. The stock has a market capitalization of C$36.07 billion and a PE ratio of 9.21. Sun Life Financial has a 12 month low of C$60.43 and a 12 month high of C$74.22. The business has a 50 day simple moving average of C$67.49 and a 200-day simple moving average of C$69.07. 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st will be paid a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.48%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 31st. Sun Life Financial’s dividend payout ratio (DPR) is 34.55%.

About Sun Life Financial (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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