Equities research analysts forecast that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will post earnings per share (EPS) of $0.90 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sun Life Financial’s earnings, with estimates ranging from $0.89 to $0.90. Sun Life Financial posted earnings per share of $1.00 in the same quarter last year, which would suggest a negative year over year growth rate of 10%. The company is expected to report its next earnings results after the market closes on Wednesday, May 8th.

According to Zacks, analysts expect that Sun Life Financial will report full year earnings of $3.76 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.85. For the next year, analysts anticipate that the business will post earnings of $4.07 per share, with EPS estimates ranging from $4.00 to $4.18. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Sun Life Financial.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.32. Sun Life Financial had a net margin of 9.71% and a return on equity of 13.83%. The company had revenue of $8.18 billion during the quarter, compared to analyst estimates of $6.28 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue for the quarter was down 5.4% compared to the same quarter last year.

SLF has been the subject of a number of research reports. Argus raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, December 31st. They noted that the move was a valuation call. CIBC reaffirmed an “average” rating and issued a $53.00 price objective on shares of Sun Life Financial in a research note on Thursday, December 20th. Scotiabank lowered shares of Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a research note on Wednesday, February 6th. Canaccord Genuity reaffirmed a “hold” rating on shares of Sun Life Financial in a research note on Tuesday, February 5th. Finally, ValuEngine raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, March 20th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Sun Life Financial has a consensus rating of “Hold” and an average price target of $51.25.

NYSE:SLF traded up $0.60 during mid-day trading on Tuesday, reaching $40.81. The company’s stock had a trading volume of 284,665 shares, compared to its average volume of 499,987. Sun Life Financial has a 1 year low of $31.49 and a 1 year high of $43.99. The firm has a market cap of $24.29 billion, a PE ratio of 10.88 and a beta of 0.86.

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 1st were given a dividend of $0.381 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.73%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.38. The ex-dividend date was Thursday, February 28th. Sun Life Financial’s dividend payout ratio is presently 40.53%.

Several hedge funds have recently added to or reduced their stakes in the business. Comerica Bank lifted its position in shares of Sun Life Financial by 0.9% during the fourth quarter. Comerica Bank now owns 44,376 shares of the financial services provider’s stock valued at $1,598,000 after buying an additional 396 shares during the last quarter. Heathbridge Capital Management Ltd. lifted its position in shares of Sun Life Financial by 6.7% during the fourth quarter. Heathbridge Capital Management Ltd. now owns 6,400 shares of the financial services provider’s stock valued at $213,000 after buying an additional 400 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Sun Life Financial by 16.6% during the fourth quarter. Advisors Asset Management Inc. now owns 3,188 shares of the financial services provider’s stock valued at $106,000 after buying an additional 455 shares during the last quarter. Advisor Group Inc. lifted its position in shares of Sun Life Financial by 3.9% during the fourth quarter. Advisor Group Inc. now owns 12,935 shares of the financial services provider’s stock valued at $429,000 after buying an additional 483 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Sun Life Financial by 7.0% during the fourth quarter. Private Advisor Group LLC now owns 8,218 shares of the financial services provider’s stock valued at $273,000 after buying an additional 535 shares during the last quarter. 41.23% of the stock is owned by institutional investors and hedge funds.

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 (NYSE:SLF)

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