Desjardins Weighs in on Sun Life Financial Inc’s FY2018 Earnings (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Stock analysts at Desjardins decreased their FY2018 EPS estimates for Sun Life Financial in a report released on Monday, October 15th. Desjardins analyst D. Young now expects that the financial services provider will post earnings per share of $4.53 for the year, down from their previous forecast of $4.58.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.05. The company had revenue of C$6.83 billion during the quarter. Sun Life Financial had a return on equity of 4.00% and a net margin of 2.76%.

SLF has been the subject of a number of other reports. Canaccord Genuity raised their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, August 10th. Evercore lowered their price target on Sun Life Financial from C$60.50 to C$60.00 in a research report on Monday, October 15th. BMO Capital Markets lowered their price target on Sun Life Financial from C$62.00 to C$60.00 in a research report on Friday, August 10th. TD Securities lowered their price target on Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, August 9th. Finally, Cormark set a C$60.00 price target on Sun Life Financial in a research report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of C$59.23.

Shares of SLF opened at C$49.34 on Thursday. Sun Life Financial has a 52-week low of C$47.55 and a 52-week high of C$56.09.

In other news, insider Stephen Peacher sold 89,485 shares of Sun Life Financial stock in a transaction on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total transaction of C$4,598,634.15.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Wednesday, August 29th were given a dividend of $0.475 per share. The ex-dividend date was Tuesday, August 28th. This represents a $1.90 annualized dividend and a dividend yield of 3.85%.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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

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