FY2018 EPS Estimates for Sun Life Financial Inc Raised by Analyst (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Investment analysts at Cormark increased their FY2018 earnings estimates for shares of Sun Life Financial in a note issued to investors on Friday. Cormark analyst M. Grauman now expects that the financial services provider will post earnings per share of $4.69 for the year, up from their previous forecast of $4.66. Cormark also issued estimates for Sun Life Financial’s Q1 2019 earnings at $1.21 EPS, Q2 2019 earnings at $1.25 EPS, Q3 2019 earnings at $1.27 EPS, Q4 2019 earnings at $1.29 EPS and FY2019 earnings at $5.02 EPS.

A number of other analysts also recently weighed in on SLF. CIBC boosted their target price on shares of Sun Life Financial from C$55.00 to C$58.00 in a report on Monday, January 15th. Barclays boosted their target price on shares of Sun Life Financial from C$53.00 to C$55.00 in a report on Thursday, January 11th. CSFB boosted their target price on shares of Sun Life Financial from C$54.00 to C$56.00 in a report on Monday, January 29th. Eight Capital boosted their target price on shares of Sun Life Financial from C$52.00 to C$55.00 in a report on Friday, February 16th. Finally, TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and boosted their target price for the stock from C$54.00 to C$60.00 in a report on Monday, January 15th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$58.67.

Shares of Sun Life Financial (SLF) traded up C$0.72 during midday trading on Monday, reaching C$54.47. 315,365 shares of the company’s stock were exchanged, compared to its average volume of 1,096,191. The company has a market cap of $32,810.00, a P/E ratio of 15.40 and a beta of 0.49. Sun Life Financial has a one year low of C$43.51 and a one year high of C$55.20.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be paid a dividend of $0.455 per share. The ex-dividend date is Wednesday, February 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.02. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.34%. Sun Life Financial’s payout ratio is currently 50.00%.

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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.

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

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