FY2024 EPS Estimates for TSE:DFY Boosted by Analyst

Definity Financial Co. (TSE:DFY - Free Report) - Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for shares of Definity Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $2.58 for the year, up from their prior estimate of $2.53. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. National Bank Financial also issued estimates for Definity Financial's FY2025 earnings at $3.22 EPS and FY2026 earnings at $3.65 EPS.

Definity Financial (TSE:DFY - Get Free Report) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating analysts' consensus estimates of C($0.04) by C$0.17. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The company had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion.

DFY has been the subject of several other reports. Cormark downgraded shares of Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. Scotiabank downgraded Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. TD Securities raised their price target on Definity Financial from C$58.00 to C$59.00 and gave the company a "hold" rating in a report on Friday, November 8th. National Bankshares lifted their price objective on Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Raymond James lowered shares of Definity Financial from an "outperform" rating to a "market perform" rating and upped their target price for the stock from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$54.70.

Definity Financial Price Performance

Shares of DFY traded down C$0.13 during mid-day trading on Tuesday, reaching C$61.09. The company had a trading volume of 92,571 shares, compared to its average volume of 106,352. Definity Financial has a twelve month low of C$37.83 and a twelve month high of C$61.94. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. The company's 50-day moving average is C$57.48 and its 200-day moving average is C$54.07. The company has a market capitalization of C$7.02 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.63 and a beta of 0.04.

Definity Financial Company Profile

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.