Analysts Set Expectations for Sun Life Financial Inc.’s FY2022 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) – Equities research analysts at Cormark raised their FY2022 earnings per share estimates for Sun Life Financial in a note issued to investors on Monday, January 23rd. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $6.14 for the year, up from their previous estimate of $6.12. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.33 per share. Cormark also issued estimates for Sun Life Financial’s Q4 2022 earnings at $1.56 EPS and FY2023 earnings at $6.35 EPS.

Several other research analysts also recently commented on SLF. CIBC lifted their price objective on Sun Life Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Friday, November 4th. National Bankshares lifted their price objective on Sun Life Financial from C$65.00 to C$66.00 and gave the stock a “sector perform” rating in a report on Friday, November 4th. TD Securities lifted their price objective on Sun Life Financial from C$57.00 to C$59.00 and gave the stock a “hold” rating in a report on Thursday, November 3rd. Royal Bank of Canada reduced their price target on Sun Life Financial from C$78.00 to C$75.00 and set a “sector perform” rating on the stock in a report on Friday, November 4th. Finally, Barclays reduced their price target on Sun Life Financial from C$67.00 to C$63.00 in a report on Wednesday, October 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Sun Life Financial presently has an average rating of “Hold” and a consensus target price of C$68.25.

Sun Life Financial Stock Up 0.2 %

SLF opened at C$65.59 on Tuesday. The company has a market cap of C$38.46 billion and a P/E ratio of 12.08. The business’s 50-day moving average price is C$63.27 and its 200-day moving average price is C$59.93. The company has a current ratio of 91,248.00, a quick ratio of 84,866.00 and a debt-to-equity ratio of 35.22. Sun Life Financial has a 12 month low of C$52.97 and a 12 month high of C$74.22.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, November 2nd. The financial services provider reported C$1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.46 by C$0.16. The firm had revenue of C$8.63 billion for the quarter.

Insider Activity at Sun Life Financial

In related news, Senior Officer Daniel Fishbein sold 11,781 shares of the company’s stock in a transaction that occurred on Thursday, November 17th. The stock was sold at an average price of C$61.16, for a total value of C$720,569.55. Following the transaction, the insider now directly owns 2,943 shares of the company’s stock, valued at approximately C$180,004.77.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 23rd. Investors of record on Friday, December 30th were given a $0.72 dividend. The ex-dividend date was Tuesday, November 22nd. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.69. This represents a $2.88 annualized dividend and a yield of 4.39%. Sun Life Financial’s dividend payout ratio is 49.72%.

Sun Life Financial Company Profile

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Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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