Cormark Research Analysts Cut Earnings Estimates for TSE:SLF

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities researchers at Cormark lowered their FY2026 earnings estimates for shares of Sun Life Financial in a report issued on Thursday, February 13th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $7.88 per share for the year, down from their previous forecast of $8.21. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Other research analysts have also recently issued research reports about the company. Barclays upped their target price on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. National Bankshares cut their price objective on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday. Jefferies Financial Group lifted their target price on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Scotiabank upped their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Finally, National Bank Financial upgraded shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$87.50.

Sun Life Financial Price Performance

TSE:SLF opened at C$78.45 on Friday. The company has a market capitalization of C$44.81 billion, a P/E ratio of 11.83, a P/E/G ratio of 1.33 and a beta of 0.94. The business’s 50-day moving average is C$84.53 and its 200 day moving average is C$79.51. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.28%. Sun Life Financial’s dividend payout ratio (DPR) is 48.87%.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.