Analysts Offer Predictions for Sun Life Financial Inc.’s Q1 2024 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLFFree Report) (NYSE:SLF) – Stock analysts at Desjardins issued their Q1 2024 earnings per share estimates for Sun Life Financial in a report released on Thursday, February 8th. Desjardins analyst D. Young forecasts that the financial services provider will post earnings of $1.65 per share for the quarter. Desjardins currently has a “Buy” rating and a $77.00 target price on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.78 per share. Desjardins also issued estimates for Sun Life Financial’s Q2 2024 earnings at $1.69 EPS, Q3 2024 earnings at $1.79 EPS, Q4 2024 earnings at $1.78 EPS, FY2024 earnings at $6.90 EPS and FY2025 earnings at $7.45 EPS.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last released its quarterly earnings data on Monday, November 13th. The financial services provider reported C$1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.58 by C$0.01. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.27%. The business had revenue of C$2.44 billion during the quarter.

Several other analysts also recently commented on the company. Royal Bank of Canada upped their price objective on Sun Life Financial from C$76.00 to C$77.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets upped their price target on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. CIBC upped their price target on Sun Life Financial from C$75.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday. Evercore increased their target price on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Tuesday, January 23rd. Finally, Scotiabank increased their target price on Sun Life Financial from C$75.00 to C$76.00 in a report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$75.91.

Get Our Latest Stock Analysis on Sun Life Financial

Sun Life Financial Stock Down 0.6 %

Sun Life Financial stock opened at C$71.07 on Monday. Sun Life Financial has a fifty-two week low of C$60.01 and a fifty-two week high of C$71.64. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 1.78. The company has a market capitalization of C$41.55 billion, a P/E ratio of 13.51, a PEG ratio of 1.13 and a beta of 0.97. The stock has a 50-day simple moving average of C$68.94 and a 200-day simple moving average of C$67.40.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th will be given a $0.78 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.75. This represents a $3.12 annualized dividend and a yield of 4.39%. Sun Life Financial’s dividend payout ratio (DPR) is 59.32%.

Insider Buying and Selling at Sun Life Financial

In other news, Senior Officer Jacques Jr. Goulet sold 124,639 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. In related news, Director Kevin Strain sold 15,986 shares of Sun Life Financial stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of C$69.69, for a total value of C$1,114,000.40. Also, Senior Officer Jacques Jr. Goulet sold 124,639 shares of Sun Life Financial stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of C$70.07, for a total value of C$8,732,956.17. 0.02% of the stock is currently owned by corporate insiders.

About Sun Life Financial

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

See Also

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

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