Sun Life Financial (SLF) to Release Earnings on Thursday

Sun Life Financial (TSE:SLF) (NYSE:SLF) is scheduled to be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Sun Life Financial to post earnings of C$1.62 per share for the quarter.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share for the quarter, topping the consensus estimate of C$1.59 by C$0.09. The business had revenue of C$18.68 billion during the quarter. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$72.65 on Tuesday. The firm has a 50 day moving average of C$72.32 and a 200-day moving average of C$69.85. The stock has a market capitalization of C$42.32 billion, a PE ratio of 13.81, a PEG ratio of 1.25 and a beta of 0.96. The company has a current ratio of 6.81, a quick ratio of 84,866.00 and a debt-to-equity ratio of 78.47. Sun Life Financial has a 12 month low of C$61.84 and a 12 month high of C$74.94.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were issued a dividend of $0.78 per share. The ex-dividend date was Tuesday, February 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a dividend yield of 4.29%. Sun Life Financial’s payout ratio is 59.32%.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SLF shares. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. TD Securities upped their price objective on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Desjardins upped their price objective on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Scotiabank upped their price objective on shares of Sun Life Financial from C$75.00 to C$76.00 in a report on Tuesday, February 6th. Finally, Royal Bank of Canada upped their price objective on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$77.18.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.