Sun Life Financial Inc. (TSE:SLF) Expected to Post Q1 2022 Earnings of $1.40 Per Share

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) – Research analysts at National Bank Financial issued their Q1 2022 EPS estimates for shares of Sun Life Financial in a research note issued on Tuesday, April 19th. National Bank Financial analyst G. Dechaine expects that the financial services provider will post earnings of $1.40 per share for the quarter. National Bank Financial currently has a “Sector Perform” rating on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q2 2022 earnings at $1.41 EPS, Q3 2022 earnings at $1.67 EPS and Q4 2022 earnings at $1.70 EPS.

SLF has been the topic of several other reports. CIBC cut their price target on shares of Sun Life Financial from C$81.00 to C$78.00 in a report on Friday. Zacks Investment Research restated a “hold” rating on shares of Sun Life Financial in a research report on Thursday, March 17th. Scotiabank decreased their target price on shares of Sun Life Financial from C$78.00 to C$76.00 in a research report on Friday, February 11th. BMO Capital Markets decreased their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a research report on Friday, February 11th. Finally, Veritas Investment Research reiterated a “reduce” rating on shares of Sun Life Financial in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$72.17.

Shares of SLF stock opened at C$66.62 on Friday. The firm has a market cap of C$39.04 billion and a price-to-earnings ratio of 9.97. The company’s 50 day moving average is C$68.47 and its 200 day moving average is C$69.64. The company has a quick ratio of 11.27, a current ratio of 11.91 and a debt-to-equity ratio of 53.27. Sun Life Financial has a 52-week low of C$62.00 and a 52-week high of C$74.22.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, February 9th. The financial services provider reported C$1.53 EPS for the quarter, meeting the Zacks’ consensus estimate of C$1.53. The business had revenue of C$13 billion during the quarter.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were issued a $0.66 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.55. This represents a $2.64 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Tuesday, March 1st. Sun Life Financial’s dividend payout ratio is currently 34.55%.

Sun Life Financial Company Profile (Get Rating)

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 personal 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.

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

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