Q3 2018 EPS Estimates for Sun Life Financial Inc Reduced by Desjardins (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Desjardins cut their Q3 2018 earnings per share (EPS) estimates for shares of Sun Life Financial in a report issued on Monday, October 15th. Desjardins analyst D. Young now expects that the financial services provider will post earnings per share of $1.15 for the quarter, down from their previous estimate of $1.16. Desjardins also issued estimates for Sun Life Financial’s Q4 2018 earnings at $1.15 EPS, FY2019 earnings at $5.00 EPS and FY2020 earnings at $5.30 EPS.

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

Shares of SLF opened at C$48.34 on Wednesday. Sun Life Financial has a 1 year low of C$47.55 and a 1 year high of C$56.09.

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

The business also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Wednesday, August 29th were given a $0.475 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Tuesday, August 28th.

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 value of C$4,598,634.15.

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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