What is Raymond James' Forecast for TSE:DFY FY2024 Earnings?

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at Raymond James issued their FY2024 EPS estimates for Definity Financial in a note issued to investors on Monday, November 11th. Raymond James analyst S. Boland anticipates that the company will post earnings of $2.58 per share for the year. Raymond James currently has a "Market Perform" rating and a $55.00 target price on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. Raymond James also issued estimates for Definity Financial's FY2025 earnings at $3.91 EPS.

A number of other research firms have also recently commented on DFY. TD Securities raised their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Scotiabank lifted their price target on Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Cibc World Mkts lowered Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Royal Bank of Canada lifted their price target on Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Finally, National Bankshares lifted their price target on Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of C$54.70.

Definity Financial Stock Performance

TSE DFY traded down C$0.50 on Thursday, reaching C$55.81. 91,726 shares of the company's stock traded hands, compared to its average volume of 106,288. The firm has a market cap of C$6.41 billion, a price-to-earnings ratio of 17.01, a P/E/G ratio of 2.63 and a beta of 0.04. The stock has a 50 day moving average price of C$53.37 and a 200-day moving average price of C$48.59. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$58.73. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

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

Definity Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Friday, December 13th. Definity Financial's dividend payout ratio is presently 19.34%.

About Definity Financial

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.