Economy

Sun Life Financial Inc. (NASDAQ:SLF) To Report Earnings

Sun Life Financial Inc. (NASDAQ:SLF) To Report Earnings”

The stock decreased 1.26% or $0.5 on November 7, reaching $39.15. Argus Research downgraded Sun Life Financial Inc (NYSE:SLF) on Friday, December 23 to "Hold" rating. Hedge funds and other institutional investors own 42.62% of the company's stock. (SLF.TO) released earnings for its third quarter that rose from previous year. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.91 and a quick ratio of 3.91. About 308,358 shares traded or 13.96% up from the average. Argus Research upgraded it to "Buy" rating and $37 target in Wednesday, December 23 report.

COPYRIGHT VIOLATION NOTICE: "Sun Life Financial Inc (SLF) PT Raised to C$54.00 at National Bank Financial" was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. On Thursday, February 11 the stock rating was upgraded by IBC to "Sector Outperformer". (NASDAQ:SLF), 3 rate it "Buy", 3 "Outperform", 6 "Underperform", 0 "Sell", while 0 "Hold". The Manufacturers Life Insurance Company purchased a new position in Sun Life Financial during the third quarter valued at approximately $122,394,000.

Analysts expect Sun Life Financial Inc (TSE:SLF) to report $0.96 EPS on November, 8.They anticipate $0.08 EPS change or 7.69 % from last quarter's $1.04 EPS.

Analysts had, on average, forecast earnings per share, excluding one-off items, of C$0.52, according to Thomson Reuters I/B/E/S data.

Sun Life Financial (SLF) traded up C$0.37 on Thursday, hitting C$49.84. At $130 million, Group Benefits sales were up 23 per cent and Group Retirement Services sales reached $2.3 billion, up 53 per cent from the third quarter of 2016. Sun Life Financial had a net margin of 7.90% and a return on equity of 11.50%. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $7.36 billion. The business's quarterly revenue was down 14.8% on a year-over-year basis. TD Asset Management Inc is the second biggest holder with 21 million shares now valued at 734.22 million whilst Vanguard Group Inc has 14 million shares valued at 488.64 million. As per Wednesday, August 24, the company rating was initiated by Bank of America. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases.

WARNING: "Sun Life Financial Inc". If you are accessing this piece on another website, it was illegally copied and republished in violation of global copyright & trademark laws. Stock buyback programs are often a sign that the company's management believes its stock is undervalued. The original version of this news story can be accessed at https://stocknewstimes.com/2017/11/08/brokerages-set-sun-life-financial-inc-slf-target-price-at-51-67.html.

Dundee Securities maintained Sun Life Financial Inc (TSE:SLF) on Wednesday, September 21 with "Buy" rating. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five divisions.



Like this

loading...
loading...

Latest


10 November 2017
Deadpool 2 poster is a Thanksgiving treat
Deadpool comic creator, Rob Liefeld, also posted a behind-the-scenes image to prove the cover is real. And because this is Deadpool , the poster was unveiled in quite an inventive way.

10 November 2017
Army Deliberating on $300K in Captivity Backpay for Bergdahl
Earlier this month, Bowe Bergdahl finally received his sentence for deserting his post in Afghanistan - a dishonorable discharge. Bergdahl, 31, was held captive by the Taliban for five years after he deserted his base in Afghanistan in 2009.

10 November 2017
Nova Scotia university football game cancelled over SMU 'eligibility issues'
Jack was listed on the practice roster for the Saskatchewan Roughriders a year ago . According to media reports, the player is Archelaus Jack, a SMU wide receiver.

10 November 2017
Mobile massively expands Gigabit LTE coverage
On top of that, using a combination of carrier aggregation, 4X4 MIMO, and 256 QAM, you could see speeds double again. The biggest impact that Gigabit LTE will have is preparing networks and consumers for the inevitable jump to 5G.

09 November 2017
CD Projekt CEO reveals new details about future games
Kiciński also spoke about Cyberpunk 2077's future, according to a summary posted on gaming industry forum ResetEra . Polish website StrefaInwestorow.pl recently had an interview with CD Projekt CEO Adam Kiciński.

09 November 2017
Spot Check on Stock With Abnormal Activity Perrigo Company plc (NYSE:PRGO)
Clal Insurance Enterprises Holdings Ltd decreased Perrigo Co Plc Shs (NYSE: PRGO ) stake by 48.03% reported in 2017Q3 SEC filing. Gyroscope Capital Management Group Incorporated Ltd Liability Company stated it has 21,803 shares or 2.16% of all its holdings.

09 November 2017
U.S. hits Venezuelans with sanctions in response to crackdown
Maduro calls the crisis a plot contrived by rich conservative business people backed by the government of President Donald Trump. Economic decline has led to deadly protests against the government and demands Maduro be removed from office.

09 November 2017
Une application Harry Potter façon Pokémon Go est prévue
Qu'on se le dise, l'idée peut faire peur, sachant que les jeux Harry Potter n'ont jamais brillé par leur qualité, loin s'en faut. Games qui travaillent eux aussi à faire de l'expérience du jeu la plus optimale possible.

09 November 2017
Steve Bannon in Michigan: 'You can't fake Trump agenda'
The Republican will be attending the Patriot Dinner happening Friday at The Citadel, according to campaign manager Katie Baham. Bannon also is promoting a field of primary challengers to take on incumbent Republicans in Congress, especially the Senate.

09 November 2017
Area towns, schools to hold Veterans Day ceremonies
The Grayling High School Student Senate will host a Veteran's Day Assembly at 9:26 a.m. on Friday, Nov. 10, in the Joseph H. As soon as visitors enter the campus, they will be guided by parking attendants and then students who greet and guide them.