Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) will release its earnings data after the market closes on Monday, August 12th. Analysts expect Sun Life Financial to post earnings of C$1.58 per share for the quarter.
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its earnings results on Thursday, May 9th. The financial services provider reported C$1.50 EPS for the quarter, missing the consensus estimate of C$1.64 by C($0.14). The firm had revenue of C$6.88 billion for the quarter, compared to the consensus estimate of C$9.96 billion. Sun Life Financial had a return on equity of 13.68% and a net margin of 10.12%.
Sun Life Financial Stock Performance
Shares of SLF opened at C$66.01 on Friday. The stock has a 50 day moving average of C$67.31 and a 200 day moving average of C$70.03. The company has a market capitalization of C$38.36 billion, a price-to-earnings ratio of 12.69, a PEG ratio of 1.25 and a beta of 0.96. Sun Life Financial has a 12 month low of C$61.84 and a 12 month high of C$74.94. The company has a current ratio of 56.69, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.46.
Sun Life Financial Increases Dividend
Insider Buying and Selling
In other Sun Life Financial news, Director Kevin Strain acquired 12,000 shares of Sun Life Financial stock in a transaction that occurred on Tuesday, June 4th. The stock was acquired at an average cost of C$67.48 per share, for a total transaction of C$809,760.00. In related news, Director Kevin Strain bought 12,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of C$67.48 per share, for a total transaction of C$809,760.00. Also, Director Stephanie Coyles bought 900 shares of Sun Life Financial stock in a transaction on Tuesday, May 14th. The shares were bought at an average cost of C$69.15 per share, with a total value of C$62,235.00. 0.03% of the stock is owned by insiders.
Analyst Ratings Changes
A number of brokerages recently weighed in on SLF. BMO Capital Markets cut their price target on shares of Sun Life Financial from C$80.00 to C$79.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. National Bankshares dropped their target price on shares of Sun Life Financial from C$73.00 to C$72.00 in a research note on Friday, May 10th. Scotiabank decreased their price target on shares of Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. Royal Bank of Canada lowered their price target on shares of Sun Life Financial from C$77.00 to C$76.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, CIBC increased their price objective on Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus target price of C$75.60.
Get Our Latest Report on Sun Life Financial
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.
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