Wall Street brokerages expect Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) to report earnings of $0.89 per share for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Sun Life Financial’s earnings, with the lowest EPS estimate coming in at $0.87 and the highest estimate coming in at $0.91. Sun Life Financial posted earnings of $0.70 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 27.1%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 8th.
On average, analysts expect that Sun Life Financial will report full-year earnings of $3.66 per share for the current financial year, with EPS estimates ranging from $3.58 to $3.75. For the next financial year, analysts forecast that the company will report earnings of $3.95 per share, with EPS estimates ranging from $3.82 to $4.02. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sun Life Financial.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.83 EPS for the quarter, hitting analysts’ consensus estimates of $0.83. Sun Life Financial had a return on equity of 12.61% and a net margin of 7.59%. The company had revenue of $6.81 billion during the quarter.
A number of institutional investors have recently made changes to their positions in the business. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Sun Life Financial by 1.4% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,300 shares of the financial services provider’s stock valued at $3,098,000 after buying an additional 1,300 shares during the period. First Republic Investment Management Inc. increased its holdings in shares of Sun Life Financial by 13.4% during the fourth quarter. First Republic Investment Management Inc. now owns 15,005 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 1,774 shares in the last quarter. Commonwealth Equity Services Inc increased its holdings in shares of Sun Life Financial by 5.2% during the third quarter. Commonwealth Equity Services Inc now owns 47,344 shares of the financial services provider’s stock valued at $1,885,000 after acquiring an additional 2,355 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Sun Life Financial by 24.0% during the fourth quarter. MML Investors Services LLC now owns 12,962 shares of the financial services provider’s stock valued at $535,000 after acquiring an additional 2,507 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new position in shares of Sun Life Financial during the fourth quarter valued at $117,000. 42.36% of the stock is owned by institutional investors and hedge funds.
Shares of Sun Life Financial (NYSE:SLF) opened at $42.03 on Wednesday. Sun Life Financial has a 52 week low of $32.22 and a 52 week high of $44.50. The company has a market capitalization of $25,920.93, a price-to-earnings ratio of 15.62, a P/E/G ratio of 1.67 and a beta of 0.90. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.3617 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.45 annualized dividend and a yield of 3.44%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.36. Sun Life Financial’s dividend payout ratio (DPR) is currently 54.28%.
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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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