Equities analysts predict that Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) will report earnings per share of $0.73 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Sun Life Financial’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.71. Sun Life Financial reported earnings of $0.69 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, August 9th.

On average, analysts expect that Sun Life Financial will report full-year earnings of $2.93 per share for the current fiscal year, with EPS estimates ranging from $2.80 to $3.09. For the next fiscal year, analysts anticipate that the business will post earnings of $3.23 per share, with EPS estimates ranging from $3.11 to $3.40. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover Sun Life Financial.

Several analysts have recently weighed in on the company. BidaskClub upgraded Sun Life Financial from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. ValuEngine downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Wednesday, July 12th. National Bank Financial restated an “outperform overweight” rating on shares of Sun Life Financial in a research note on Tuesday, May 9th. Finally, Bank of America Corporation upgraded Sun Life Financial from an “underperform” rating to a “hold” rating in a research note on Monday, July 10th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.17.

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Sun Life Financial by 2.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,086,134 shares of the financial services provider’s stock valued at $41,718,000 after buying an additional 22,598 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Sun Life Financial by 103.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,789 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,416 shares during the last quarter. Norges Bank bought a new position in shares of Sun Life Financial during the fourth quarter valued at approximately $19,546,000. Lincluden Management Ltd. boosted its position in shares of Sun Life Financial by 33.7% in the fourth quarter. Lincluden Management Ltd. now owns 713,030 shares of the financial services provider’s stock valued at $27,347,000 after buying an additional 179,701 shares during the last quarter. Finally, Quadrature Capital Ltd boosted its position in shares of Sun Life Financial by 124.7% in the fourth quarter. Quadrature Capital Ltd now owns 91,000 shares of the financial services provider’s stock valued at $3,483,000 after buying an additional 50,500 shares during the last quarter. 42.30% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sun Life Financial (NYSE SLF) traded down 0.42% during mid-day trading on Friday, reaching $37.56. The company’s stock had a trading volume of 226,305 shares. Sun Life Financial has a 52 week low of $30.38 and a 52 week high of $40.57. The firm has a market capitalization of $23.05 billion, a PE ratio of 11.83 and a beta of 0.87. The firm has a 50-day moving average of $35.00 and a 200-day moving average of $36.27.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.3164 per share. The ex-dividend date was Friday, May 26th. This represents a $1.27 annualized dividend and a dividend yield of 3.36%. Sun Life Financial’s payout ratio is 41.23%.

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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 company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

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Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

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