Cormark Has Positive Forecast for TSE:SLF FY2026 Earnings

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Investment analysts at Cormark boosted their FY2026 earnings per share (EPS) estimates for Sun Life Financial in a research report issued to clients and investors on Wednesday, April 30th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $7.87 for the year, up from their prior estimate of $7.86. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Several other brokerages also recently issued reports on SLF. Royal Bank of Canada set a C$82.00 price target on Sun Life Financial and gave the company an “outperform” rating in a report on Tuesday, April 15th. Jefferies Financial Group dropped their target price on Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. CIBC reduced their price target on Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Thursday. Scotiabank lowered their price objective on shares of Sun Life Financial from C$94.00 to C$90.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$85.70.

Sun Life Financial Stock Up 1.3 %

Shares of TSE:SLF opened at C$82.95 on Friday. The stock has a 50-day simple moving average of C$79.87 and a 200-day simple moving average of C$82.00. The stock has a market capitalization of C$47.38 billion, a P/E ratio of 12.51, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19.

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.84 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 4.05%. 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.