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

Sun Life Financial (NYSE:SLF) (TSE:SLF) issued its quarterly earnings results on Wednesday. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 Stock Performance

Shares of SLF traded up $0.89 during trading hours on Wednesday, hitting $59.28. The stock had a trading volume of 650,690 shares, compared to its average volume of 538,842. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.61 and a beta of 1.03. The firm has a 50-day moving average price of $59.11 and a 200 day moving average price of $57.08. Sun Life Financial has a fifty-two week low of $46.41 and a fifty-two week high of $62.85.

Analyst Ratings Changes

SLF has been the topic of several recent research reports. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sun Life Financial has an average 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.