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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc.    SLF   CA8667961053

SUN LIFE FINANCIAL INC.

(SLF)
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Sun Life Financial : sees second-quarter profit fall to $519M, misses analyst expectations

08/06/2020 | 06:33pm EST

TORONTOSun Life Financial Inc. saw its most recent quarterly profit fall as it missed analyst expectations.

The Toronto-based company says its reported net income for the second quarter totalled $519 million or 88 cents per share, down from $595 million or $1.00 per share in the same quarter the previous year.

Sun Life says the 13 per cent drop came from unfavourable market-related impacts, such as interest rates, among other things.

Analysts expected net income of $657.57 million or $1.06 per share, according to financial markets data firm Refinitiv.

Its underlying net income for the quarter ended June 30 was $739 million or $1.26 per share compared to $739 million or $1.24 per share in the second quarter of 2019.

Analysts expected the underlying net income to total $653.14 million or $1.13 per share, according to Refinitiv.

This report by The Canadian Press was first published Aug. 6, 2020.

Companies in this story: (TSX:SLF)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 38 150 M 29 936 M 29 936 M
Net income 2020 2 532 M 1 987 M 1 987 M
Net Debt 2020 - - -
P/E ratio 2020 14,1x
Yield 2020 3,69%
Capitalization 35 531 M 27 921 M 27 881 M
Capi. / Sales 2020 0,93x
Capi. / Sales 2021 0,97x
Nbr of Employees 22 719
Free-Float 86,4%
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Technical analysis trends SUN LIFE FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 64,57 CAD
Last Close Price 60,73 CAD
Spread / Highest target 20,2%
Spread / Average Target 6,33%
Spread / Lowest Target -4,50%
EPS Revisions
Managers and Directors
NameTitle
Dean A. Connor President, Chief Executive Officer & Director
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Stevan Lewis Chief Technology Officer & Senior Vice President
Laura Money Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
SUN LIFE FINANCIAL INC.7.30%27 921
AXA-1.54%55 898
PRUDENTIAL PLC3.56%49 479
METLIFE, INC.8.33%45 771
MANULIFE FINANCIAL CORPORATION6.62%36 821
PRUDENTIAL FINANCIAL, INC.5.83%32 668