Cormark Has Positive Forecast for TSE:SLF FY2025 Earnings

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities research analysts at Cormark upped their FY2025 EPS estimates for shares of Sun Life Financial in a note issued to investors on Tuesday, November 5th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $7.50 per share for the year, up from their previous estimate of $7.47. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$8.92 billion for the quarter, compared to analysts’ expectations of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%.

A number of other analysts also recently weighed in on SLF. TD Securities upped their target price on shares of Sun Life Financial from C$77.00 to C$81.00 in a research report on Tuesday. National Bankshares lifted their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada boosted their price target on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday. Evercore reduced their price objective on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Finally, Barclays boosted their target price on Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$81.36.

Sun Life Financial Trading Up 2.7 %

TSE SLF opened at C$82.08 on Wednesday. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The firm has a market capitalization of C$47.32 billion, a PE ratio of 15.55, a P/E/G ratio of 1.33 and a beta of 0.94. The stock’s 50 day moving average is C$77.10 and its 200 day moving average is C$71.66. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$82.27.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.09%. Sun Life Financial’s payout ratio is currently 61.36%.

Insider Activity

In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. In other Sun Life Financial news, Director Stephanie Coyles acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is owned by corporate insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.