SproutNews logo

Earnings Review and Free Research Report: Sun Life Reported Better Than Expected Earnings Results

Research Desk Line-up: Unico American Post Earnings Coverage

LONDON, UK / ACCESSWIRE / September 1, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Sun Life Financial Inc. (NYSE: SLF) (“Sun Life”), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=SLF, following the Company’s release of its financial results on August 09, 2017, for the second quarter of the fiscal year 2017. The Company’s adjusted revenue increased 6.3% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

http://protraderdaily.com/register/

Get more of our free earnings reports coverage from other constituents of the Property & Casualty Insurance industry. Pro-TD has currently selected Unico American Corporation (NASDAQ: UNAM) for due-diligence and potential coverage as the Company announced on August 11, 2017, its consolidated financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Unico American when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on SLF; also brushing on UNAM. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=SLF

http://protraderdaily.com/optin/?symbol=UNAM

Earnings Reviewed

For the three months ended June 30, 2017, Sun Life’s total revenue decreased 14.8% to C$8.12 billion on a y-o-y basis from C$9.53 billion in Q2 FY16. During Q2 FY17, the Company’s adjusted revenue increased 6.3% to C$7.43 billion on a y-o-y basis from C$6.99 billion in Q2 FY16.

For the reported quarter, Sun Life’s premiums and deposits increased 8.5% to C$41.27 billion from C$38.04 billion in Q2 FY16. During Q2 FY17, the Company’s adjusted premiums and deposits increased 4.8% to C$40.56 billion from C$38.71 billion in Q2 FY16.

During Q2 FY17, Sun Life’s earnings before interest and taxes (EBIT) decreased 1.9% to C$619 million from C$631 million in Q2 FY16.

During Q2 FY17, Sun Life’s net income increased 19.6% to C$574 million on a y-o-y basis from C$480 million in Q2 FY16. During Q2 FY17, the Company’s underlying net income increased 24.4% to C$689 million on a y-o-y basis from C$554 million in Q2 FY16. For the reported quarter, the Company’s diluted earnings per share (EPS) increased 19.2% on a y-o-y basis to C$0.93 from C$0.78 in Q2 FY16. During Q2 FY17, the Company’s underlying diluted EPS increased 24.4% to C$1.12 on a y-o-y basis from C$0.90 in Q2 FY16. The diluted EPS surpassed analysts’ expectations of C$0.89.

On August 09, 2017, the Company’s Board of Directors declared a dividend of C$0.44 per common share, payable on September 29, 2017, to shareholders of record at the close of business on August 30, 2017.

Segment Details

SLF Canada – During Q2 FY17, the segment’s net income was flat at C$185 million. For the reported quarter, the segment’s underlying net income increased 33% to C$266 million from C$200 million in Q2 FY16.

SLF US – During Q2 FY17, the segment’s net income increased 87% to C$101 million from C$54 million in Q2 FY16. For the reported quarter, the segment’s underlying net income increased 25.4% to C$143 million from C$114 million in Q2 FY16.

SLF Asset Management – During Q2 FY17, the segment’s net income increased 5.8% to C$183 million from C$173 million in Q2 FY16. For the reported quarter, the segment’s underlying net income increased 30.1% to C$199 million from C$153 million in Q2 FY16.

SLF Asia – During Q2 FY17, the segment’s net income increased 13.2% to C$77 million from C$68 million in Q2 FY16. For the reported quarter, the segment’s underlying net income decreased 4.7% to C$81 million from C$85 million in Q2 FY16.

Balance Sheet

As on June 30, 2017, Sun Life’s cash and cash equivalents increased 20.8% to C$7.66 billion from C$6.34 billion in Q2 FY16.

During Q2 FY17, the Company’s invested assets increased 84 basis points to C$143.55 billion from C$142.35 billion in Q4 FY16.

During Q2 FY17, Sun Life’s return on equity (ROE) was 11.4% compared to 10.3% in Q4 FY16.

For the reported quarter, the Company’s underlying ROE was 13.7% compared to 11.9% in Q4 FY16.

Stock Performance

At the closing bell, on Thursday, August 31, 2017, Sun Life Financial’s stock slightly rose 0.76%, ending the trading session at $38.39. A total volume of 312.23 thousand shares have exchanged hands. The Company’s stock price surged 16.97% in the last three months, 5.41% in the past six months, and 21.76% in the previous twelve months. The stock is trading at a PE ratio of 11.44 and has a dividend yield of 3.57%. The stock currently has a market cap of $23.57 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter holder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily

ReleaseID: 474391

Go Top