Sun Life Financial Inc (SLF) Expected to Post Q3 2017 Earnings of $0.99 Per Share
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Analysts at National Bank Financial raised their Q3 2017 earnings per share (EPS) estimates for shares of Sun Life Financial in a note issued to investors on Wednesday. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings of $0.99 per share for the quarter, up from their prior estimate of $0.96. National Bank Financial has a “Outperform” rating and a $53.00 price objective on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2017 earnings at $1.00 EPS, FY2017 earnings at $4.03 EPS, Q1 2018 earnings at $1.06 EPS, Q2 2018 earnings at $1.08 EPS and FY2018 earnings at $4.32 EPS.
A number of other research firms have also commented on SLF. CSFB lowered shares of Sun Life Financial from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. BMO Capital Markets restated a “market perform” rating and issued a C$51.00 price objective on shares of Sun Life Financial in a research report on Thursday, May 11th. Barclays PLC cut their price objective on shares of Sun Life Financial from C$54.00 to C$52.00 in a research report on Thursday, May 11th. TD Securities cut their price objective on shares of Sun Life Financial from C$53.00 to C$49.00 and set a “hold” rating for the company in a research report on Wednesday, May 10th. Finally, Royal Bank Of Canada upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$51.00 price objective for the company in a research report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Sun Life Financial has a consensus rating of “Buy” and an average price target of C$52.83.
Shares of Sun Life Financial (TSE:SLF) opened at 47.73 on Friday. Sun Life Financial has a one year low of $40.00 and a one year high of $53.75. The stock’s 50 day moving average is $47.03 and its 200-day moving average is $47.78. The company has a market cap of $29.29 billion and a P/E ratio of 11.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a yield of 3.65%.
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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