Sun Life Financial (SLF) Set to Announce Earnings on Thursday

Sun Life Financial (NYSE:SLF) (TSE:SLF) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect Sun Life Financial to post earnings of $1.20 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.06. Sun Life Financial had a return on equity of 17.30% and a net margin of 7.79%. The firm had revenue of $13.73 billion during the quarter. On average, analysts expect Sun Life Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sun Life Financial Stock Up 1.3 %

Shares of NYSE:SLF opened at $53.15 on Tuesday. The business has a 50-day moving average price of $53.14 and a 200-day moving average price of $51.52. The stock has a market cap of $30.96 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.30 and a beta of 1.00. Sun Life Financial has a 52-week low of $44.57 and a 52-week high of $55.46.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were given a dividend of $0.581 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 27th. Sun Life Financial’s dividend payout ratio (DPR) is currently 59.79%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on Sun Life Financial in a research report on Thursday, February 22nd. They set a “buy” rating for the company.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.