Q4 2019 EPS Estimates for Sun Life Financial Inc Decreased by Analyst (TSE:SLF)

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Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – National Bank Financial cut their Q4 2019 EPS estimates for shares of Sun Life Financial in a research report issued on Sunday, October 20th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $1.29 per share for the quarter, down from their previous estimate of $1.30. National Bank Financial currently has a “Outperform” rating and a $63.00 target price on the stock.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, July 31st. The financial services provider reported C$1.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.24. The business had revenue of C$10.15 billion for the quarter.

A number of other brokerages have also recently issued reports on SLF. CIBC cut their target price on shares of Sun Life Financial from C$54.00 to C$53.00 in a research report on Friday, August 2nd. Evercore ISI restated an “outperform” rating and set a C$63.00 target price on shares of Sun Life Financial in a research report on Monday, July 22nd. TD Securities cut their target price on shares of Sun Life Financial from C$61.00 to C$60.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Evercore set a C$63.00 target price on shares of Sun Life Financial and gave the stock an “outperform” rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$58.36.

Shares of SLF opened at C$58.78 on Wednesday. The company has a current ratio of 10,847.75, a quick ratio of 10,082.25 and a debt-to-equity ratio of 16.62. The stock has a market cap of $34.78 billion and a P/E ratio of 14.95. The company has a 50-day moving average of C$57.94 and a two-hundred day moving average of C$54.91. Sun Life Financial has a 12-month low of C$43.13 and a 12-month high of C$59.83.

In other news, Senior Officer Stephen Peacher sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of C$52.60, for a total value of C$631,200.00. Following the completion of the transaction, the insider now owns 15,407 shares of the company’s stock, valued at C$810,408.20. Also, Director Dean Connor sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of C$52.30, for a total transaction of C$1,045,952.00. Following the completion of the transaction, the director now directly owns 142,211 shares of the company’s stock, valued at approximately C$7,437,293.99. In the last three months, insiders sold 38,206 shares of company stock valued at $2,006,070.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, August 28th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date was Tuesday, August 27th. Sun Life Financial’s dividend payout ratio is presently 50.86%.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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

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