Sun Life Financial Inc. (TSE: SLF) to release earnings of $ 1.62 per share in the second quarter of 2022, forecasts by Cormark

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Sun Life Financial Inc. (TSE: SLF) (NYSE: SLF) – Cormark research analysts announced their earnings per share (EPS) estimates for the second quarter of 2022 in a research report released on Tuesday, October 5th for shares in Sun Life Financial lowered. Cormark analyst L. Persaud now predicts the financial services company will earn $ 1.62 per share for the quarter, up from its previous forecast of $ 1.63. Cormark also announced estimates of Sun Life Financial earnings per share for the third quarter of 2022 at $ 1.70, for the fourth quarter of 2022 at $ 1.79, and for the fiscal year 2022 at $ 6.79 per share.

A number of other brokerage firms have also recently looked at SLF. Credit Suisse Group raised its target price for Sun Life Financial to CAD 74.00 and gave the company a “na” rating in a report on Tuesday. National Bank Financial raised its target price on Sun Life Financial shares to CAD 73.00 and rated the company “outperform” in a research note on Tuesday. The Royal Bank of Canada raised its price target for the shares of Sun Life Financial from 69.00 CAD to 71.00 CAD and rated the stock in a research report on Friday, August 6th, as “sector performance”. The National Bankshares raised their target price for Sun Life Financial from 71.00 CAD to 73.00 CAD and rated the company in a report on Tuesday with “outperform”. Finally, Scotiabank raised its target price for Sun Life Financial from $ 74.00 to $ 77.00 in a report on Monday, July 26th. One stock research analyst has given the stock a hold rating and eight a buy rating for the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $ 72.85.

Shares in TSE SLF opens Wednesday at $ 67.88. The company has a debt of 20.47, a quick ratio of 516.21, and a current ratio of 545.45. The company has a market capitalization of $ 39.76 billion and a P / E ratio of 11.95. Sun Life Financial has a 1 year low of $ 51.59 and a 1 year high of $ 68.00. The company’s fifty-day moving average price is $ 65.25 and the company’s 200-day moving average price is $ 64.78. Sun Life Financial (TSE: SLF) (NYSE: SLF) last released its earnings results on Wednesday 4th August. The financial services company reported earnings per share of $ 1.50 for the quarter, beating analysts’ consensus estimate of $ 1.45 by $ 0.05. The company had sales of $ 12.67 billion for the quarter.

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The company also recently announced a quarterly dividend, which was paid on Wednesday, September 29th. Shareholders of record on Wednesday August 25th received a dividend of $ 0.55. This equates to an annualized dividend of $ 2.20 and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, August 24th. Sun Life Financial’s payout ratio is currently 38.75%.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth and asset management solutions to private and corporate customers worldwide. It offers fixed-term and perpetual life insurance as well as products for health, dental, critical illness, long-term care and disability insurance. The company also offers reinsurance products; Investment advice and portfolio management; Mutual funds and special funds; Fiduciary and banking services; Real estate brokerage and valuation services; and commercial banking services.

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Earnings history and estimates for Sun Life Financial (TSE: SLF)

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