FY2017 EPS Estimates for Sun Life Financial Inc Increased by National Bank Financial (SLF)

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – National Bank Financial boosted their FY2017 earnings per share (EPS) estimates for Sun Life Financial in a note issued to investors on Thursday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $4.14 per share for the year, up from their prior forecast of $4.04. National Bank Financial has a “Outperform” rating and a $54.00 price objective on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2017 earnings at $1.06 EPS, Q1 2018 earnings at $1.08 EPS, Q2 2018 earnings at $1.10 EPS and FY2018 earnings at $4.41 EPS.

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SLF has been the subject of a number of other research reports. TD Securities lifted their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Thursday. CSFB lifted their price objective on Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. Scotiabank lifted their price objective on Sun Life Financial from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday, August 11th. Finally, Royal Bank Of Canada raised their target price on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of C$54.17.

Sun Life Financial (TSE:SLF) opened at C$49.29 on Monday. Sun Life Financial has a 52 week low of C$43.51 and a 52 week high of C$53.75.

In other news, insider Kevin Strain sold 34,298 shares of Sun Life Financial stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of C$49.15, for a total transaction of C$1,685,746.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.16%. The ex-dividend date is Tuesday, November 28th. Sun Life Financial’s dividend payout ratio (DPR) is 38.89%.

About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

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

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