Sun Life Financial Inc. Expected to Post Q3 2016 Earnings of $0.93 Per Share (SLF)
Sun Life Financial Inc. (TSE:SLF) – Stock analysts at Desjardins raised their Q3 2016 EPS estimates for shares of Sun Life Financial in a report issued on Monday. Desjardins analyst D. Young now anticipates that the firm will post earnings per share of $0.93 for the quarter, up from their previous estimate of $0.91. Desjardins also issued estimates for Sun Life Financial’s FY2016 earnings at $3.65 EPS, FY2018 earnings at $4.05 EPS and FY2019 earnings at $4.36 EPS.
SLF has been the subject of several other research reports. Barclays PLC decreased their target price on Sun Life Financial from C$46.00 to C$44.00 in a research note on Tuesday, July 12th. Canaccord Genuity decreased their target price on Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. CIBC decreased their target price on Sun Life Financial from C$47.00 to C$46.00 in a research note on Thursday, August 11th. Scotiabank decreased their target price on Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. Finally, TD Securities reaffirmed a “buy” rating and set a C$47.00 target price on shares of Sun Life Financial in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$46.00.
Sun Life Financial (TSE:SLF) traded up 1.13% on Tuesday, hitting $43.96. The company’s stock had a trading volume of 464,619 shares. The stock has a market cap of $26.94 billion and a PE ratio of 13.28. Sun Life Financial has a 12 month low of $36.64 and a 12 month high of $46.12. The firm has a 50 day moving average of $42.08 and a 200-day moving average of $42.62.
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The business also recently announced a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were issued a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 3.73%.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.
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