Sun Life Financial Inc. Common (NYSE:SLF):
Sun Life Financial hosts third quarter 2016 earnings conference call.
The company is now down by -0.51 percent from yesterday’s close.
Additionally Sun Life Financial Inc. Common recently announced a dividend for shareholders that was paid on Friday the 30th of September 2016. The dividend payment was $0.308 per share for the quarter which comes to $1.23 on an annualized basis. This dividend represents a yeild of $3.74 which is the dividend as a percentage of the current share price. The ex-dividend date was set for Monday the 29th of August 2016.
Shares last traded at $33.39 slightly over $32.47, the stock’s 50 day moving average and a tad higher than the 200 day moving average of $32.91. The 50 day moving average was up $0.92 or +2.83% and the 200 day average was up $0.48.
The P/E ratio is currently 13.47 and market cap is 20.46B. In the latest earnings report the EPS was $2.48 and is expected to be $2.77 for the current year with 612,831,000 shares outstanding. Next quarter’s EPS is estimated at $0.71 with next year’s EPS projected to be $3.02.
Several Wall Street analysts have released opinions on the company. Equity analyst Dundee added the stock to its research portfolio by announcing an initial rating of “Buy”. Bank of America began coverage with a rating of “Underperform”.
Equity analyst CIBC both upgraded the stock and lowered the price target on February 11 changing the price target from $46.00 to $44.00 and moving the rating from “Sector Perform” to “Sector Outperform”. On February 11 the company was upgraded to “Sector Outperform” from “Sector Perform” with a current price target of $44.00 in an announcement from CIBC.
On December 23 the stock rating was upgraded from “Hold” to “Buy” and a price target of $37.00 was set in a report issued by Argus Research. On November 5 the stock rating was downgraded to “Neutral” from “Outperform” by analysts at Macquarie.