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

Sun Life Financial (TSE:SLF) (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) (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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date was Wednesday, May 29th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.78. Sun Life Financial’s dividend payout ratio is 62.31%.

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.

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.