Sun Life Financial (SLF) Set to Announce Quarterly Earnings on Monday

Sun Life Financial (TSE:SLF) (NYSE:SLF) will be issuing its quarterly earnings data after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of C$1.71 per share for the quarter.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The business had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion.

Sun Life Financial Price Performance

SLF opened at C$78.40 on Monday. The stock’s 50 day moving average price is C$75.96 and its 200-day moving average price is C$71.21. Sun Life Financial has a 52-week low of C$61.84 and a 52-week high of C$79.45. The stock has a market capitalization of C$45.20 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29.

Sun Life Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were issued a $0.81 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $3.24 annualized dividend and a yield of 4.13%. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Insider Buying and Selling at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SLF. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada increased their target price on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 14th. Evercore dropped their price target on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. TD Securities decreased their price objective on Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Finally, Barclays set a C$76.00 target price on shares of Sun Life Financial and gave the company an “equal weight” rating in a report on Thursday, September 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$76.82.

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.