Sun Life Financial (NYSE:SLF) Posts Earnings Results, Beats Estimates By $0.30 EPS

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

Sun Life Financial Price Performance

SLF opened at $59.28 on Thursday. The firm has a market capitalization of $37.23 billion, a PE ratio of 13.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. The business’s 50-day moving average is $59.06 and its two-hundred day moving average is $57.10. Sun Life Financial has a 1 year low of $46.41 and a 1 year high of $62.85.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on SLF shares. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock 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.