Desjardins Lowers Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Analysts at Desjardins dropped their Q1 2025 earnings per share (EPS) estimates for Sun Life Financial in a research note issued to investors on Thursday, April 17th. Desjardins analyst D. Young now expects that the financial services provider will post earnings of $1.70 per share for the quarter, down from their previous forecast of $1.75. The consensus estimate for Sun Life Financial's current full-year earnings is $6.92 per share. Desjardins also issued estimates for Sun Life Financial's FY2025 earnings at $7.05 EPS and FY2026 earnings at $7.60 EPS.

A number of other research analysts have also recently commented on SLF. National Bankshares reduced their target price on Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Royal Bank of Canada set a C$82.00 price objective on Sun Life Financial and gave the company an "outperform" rating in a research 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 research report on Monday. CIBC reduced their price target on shares of Sun Life Financial from C$95.00 to C$94.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Two 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.com, Sun Life Financial presently has a consensus rating of "Moderate Buy" and a consensus price target of C$86.60.

Sun Life Financial Price Performance

TSE SLF traded up C$1.54 during trading on Friday, reaching C$80.57. The company's stock had a trading volume of 546,650 shares, compared to its average volume of 2,216,498. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. The firm has a fifty day moving average of C$79.40 and a 200 day moving average of C$81.88. The stock has a market capitalization of C$46.02 billion, a PE ratio of 12.15, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.17%. Sun Life Financial's dividend payout ratio is currently 48.87%.

Sun Life Financial Company Profile

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.