Desjardins Has Bullish Estimate for TSE:DFY FY2024 Earnings

Definity Financial Co. (TSE:DFY - Free Report) - Stock analysts at Desjardins increased their FY2024 earnings per share (EPS) estimates for shares of Definity Financial in a research report issued on Monday, February 3rd. Desjardins analyst D. Young now expects that the company will earn $2.59 per share for the year, up from their prior forecast of $2.52. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. Desjardins also issued estimates for Definity Financial's Q4 2024 earnings at $0.88 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 the consensus estimate 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 business had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion.

Other analysts have also recently issued reports about the stock. TD Securities upped their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. BMO Capital Markets boosted their price target on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Raymond James cut Definity Financial from an "outperform" rating to a "market perform" rating and upped their price target for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th. Scotiabank cut shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, National Bankshares raised their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of C$54.70.

Definity Financial Trading Down 0.2 %

DFY traded down C$0.13 on Wednesday, reaching C$61.09. 92,571 shares of the company's stock were exchanged, compared to its average volume of 106,352. The company has a market cap of C$7.02 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.63 and a beta of 0.04. 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 has a twelve month low of C$37.83 and a twelve month high of C$61.94. The company's 50 day moving average is C$57.52 and its 200-day moving average is C$54.18.

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.