FY2017 Earnings Estimate for Sun Life Financial Inc Issued By Desjardins (SLF)
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Equities research analysts at Desjardins decreased their FY2017 EPS estimates for Sun Life Financial in a research report issued on Tuesday. Desjardins analyst D. Young now expects that the financial services provider will earn $3.96 per share for the year, down from their prior estimate of $4.00. Desjardins also issued estimates for Sun Life Financial’s FY2019 earnings at $4.58 EPS.
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Other equities analysts also recently issued reports about the company. Barclays PLC raised their price target on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. National Bank Financial raised their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the company an “outperform” rating in a report on Thursday, August 10th. Royal Bank Of Canada raised their price target on Sun Life Financial from C$51.00 to C$53.00 and gave the company an “outperform” rating in a report on Friday, August 11th. Finally, Scotiabank raised their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of C$53.08.
Shares of Sun Life Financial (TSE SLF) opened at 49.19 on Friday. The company has a market cap of $30.19 billion and a price-to-earnings ratio of 11.71. Sun Life Financial has a 1-year low of $43.35 and a 1-year high of $53.75. The stock has a 50 day moving average of $48.35 and a 200 day moving average of $47.30.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were issued a $0.435 dividend. The ex-dividend date was Monday, August 28th. This represents a $1.74 annualized dividend and a yield of 3.54%.
In related news, insider Kevin Strain sold 34,298 shares of Sun Life Financial stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
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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