Sun Life Financial Inc. (SLF) Scheduled to Post Earnings on Wednesday
Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) will post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Sun Life Financial to post earnings of $0.78 per share for the quarter.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.09. Sun Life Financial had a return on equity of 13.29% and a net margin of 12.48%. The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $7.36 billion. During the same period in the previous year, the firm posted $0.90 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. On average, analysts expect Sun Life Financial to post $3.16 EPS for the current fiscal year and $3.42 EPS for the next fiscal year.
Sun Life Financial Inc. (NYSE SLF) opened at 38.93 on Wednesday. The company’s 50 day moving average price is $39.42 and its 200 day moving average price is $36.89. The firm has a market capitalization of $23.89 billion, a P/E ratio of 11.92 and a beta of 0.88. Sun Life Financial Inc. has a 12 month low of $32.22 and a 12 month high of $40.57.
Sun Life Financial announced that its board has initiated a share repurchase program on Wednesday, August 9th that authorizes the company to repurchase 11,500,000 shares. This repurchase authorization authorizes the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
A number of research firms have issued reports on SLF. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Wednesday, July 12th. Bank of America Corporation upgraded shares of Sun Life Financial from an “underperform” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub upgraded shares of Sun Life Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. TD Securities increased their target price on shares of Sun Life Financial from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Finally, Morgan Stanley increased their target price on shares of Sun Life Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Ten investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Sun Life Financial has an average rating of “Hold” and an average price target of $50.00.
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Sun Life Financial Company Profile
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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