Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) – National Bank Financial has released its first quarter 2022 earnings per share estimates for Sun Life Financial shares in a research report delivered to customers and investors on Tuesday, April 19. National Bank Financial analyst G. Dechaine expects the financial services provider to post earnings per share of $1.40 for the quarter. National Bank Financial currently has a “sector performance” rating on the stock. National Bank Financial also released estimates for Sun Life Financial Q2 2022 earnings at $1.41 EPS, Q3 2022 earnings at $1.67 EPS and Q4 2022 earnings at $1.70 EPS .
Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last released its quarterly results on Wednesday, February 9. The financial services provider reported EPS of C$1.53 for the quarter, meeting the Zacks consensus estimate of C$1.53. The company had revenue of C$13 billion for the quarter.
Several other stock analysts also weighed in on the SLF. Evercore ISI reaffirmed a “holding” rating and set a price target of C$27.00 on shares of Sun Life Financial in a research report on Wednesday, January 12. Zacks Investment Research reissued a “hold” rating on Sun Life Financial shares in a research report on Thursday, March 17. BMO Capital Markets lowered its price target on Sun Life Financial shares from C$81.00 to C$80.00 in a Friday, Feb. 11 research note. TD Securities downgraded Sun Life Financial from a “buy” rating to a “hold” rating and lowered its price target for the company from C$81.00 to C$78.00 in a research note from the Thursday February 10. Finally, Scotiabank lowered its target price on Sun Life Financial from C$78.00 to C$76.00 in a Friday, February 11 research report. An equity research analyst rated the stock with a sell rating, six gave the company a hold rating and four gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$72.42.
Shares of Sun Life Financial opened at C$67.97 on Friday. The company has a market capitalization of C$39.84 billion and a PE ratio of 10.17. Sun Life Financial has a 1 year minimum of CA$62.00 and a 1 year maximum of CA$74.22. The company has a debt ratio of 53.27, a current ratio of 11.91 and a quick ratio of 11.27. The stock has a fifty-day moving average price of C$68.51 and a 200-day moving average price of C$69.66.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 31. Investors of record on Wednesday, March 2 received a dividend of $0.66 per share. This represents a dividend of $2.64 on an annualized basis and a dividend yield of 3.88%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.55. The ex-dividend date was Tuesday, March 1. Sun Life Financial’s payout ratio is currently 34.55%.
Sun Life Financial profile (Get an assessment)
Sun Life Financial Inc, a financial services company, provides insurance, wealth and asset management solutions to individuals and businesses worldwide. It offers term and permanent life insurance products, as well as personal health, dental, critical illness, long-term care and disability insurance products. The company also offers reinsurance products; investment advisory and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate brokerage and appraisal services; and merchant banking.
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