Sun Life Financial (NYSE:SLF) Announces Earnings Results

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

Sun Life Financial Price Performance

Shares of NYSE:SLF opened at $59.28 on Thursday. The company has a market cap of $37.23 billion, a PE ratio of 13.20, a P/E/G ratio of 1.61 and a beta of 1.03. Sun Life Financial has a 1 year low of $46.41 and a 1 year high of $62.85. The stock’s 50-day moving average is $59.06 and its 200 day moving average is $57.10.

Wall Street Analysts Forecast Growth

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

About Sun Life Financial

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.