Desjardins Weighs in on Sun Life Financial Inc.’s Q4 2021 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities research analysts at Desjardins cut their Q4 2021 earnings per share (EPS) estimates for shares of Sun Life Financial in a report released on Wednesday, January 12th. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $1.44 per share for the quarter, down from their previous forecast of $1.48. Desjardins also issued estimates for Sun Life Financial’s FY2022 earnings at $6.50 EPS and FY2023 earnings at $7.05 EPS.

A number of other analysts have also weighed in on the company. BMO Capital Markets upped their target price on Sun Life Financial from C$76.00 to C$79.00 in a report on Friday, November 5th. Scotiabank upped their target price on Sun Life Financial from C$77.00 to C$78.00 in a research report on Friday, November 5th. National Bank Financial upped their target price on Sun Life Financial to C$78.00 and gave the company an “outperform” rating in a research report on Friday, October 29th. CSFB increased their price target on Sun Life Financial from C$74.00 to C$78.00 in a research report on Tuesday, November 9th. Finally, increased their price target on Sun Life Financial from C$74.00 to C$75.00 in a research report on Monday, October 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Sun Life Financial currently has a consensus rating of “Buy” and an average target price of C$72.77.

SLF opened at C$72.18 on Friday. The stock has a market cap of C$42.30 billion and a price-to-earnings ratio of 11.79. The stock’s 50 day moving average price is C$70.01 and its 200-day moving average price is C$67.40. Sun Life Financial has a one year low of C$58.72 and a one year high of C$72.37. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1,053.41 and a current ratio of 1,108.38.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported C$1.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.49 by C$0.05. The company had revenue of C$8.51 billion for the quarter.

The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, November 24th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Tuesday, November 23rd. This represents a $2.20 annualized dividend and a yield of 3.05%. Sun Life Financial’s payout ratio is currently 35.94%.

In other Sun Life Financial news, Senior Officer Colm Joseph Freyne sold 29,881 shares of the company’s stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of C$70.56, for a total value of C$2,108,322.68.

About Sun Life Financial

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 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.

Further Reading: P/E Growth (PEG)

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