Sun Life Financial (NYSE:SLF) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS

Sun Life Financial (NYSE:SLF) (TSE:SLF) issued its earnings results on Wednesday. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30, Zacks reports. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%.

Sun Life Financial Stock Down 0.3 %

SLF opened at $55.13 on Friday. Sun Life Financial has a 12-month low of $46.41 and a 12-month high of $62.85. The business has a 50 day moving average of $58.91 and a 200-day moving average of $57.09. The stock has a market cap of $34.62 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 1.61 and a beta of 1.03.

Sun Life Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be issued a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial’s payout ratio is currently 57.46%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLF. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy”.

Sun Life Financial Company Profile

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.