FY2024 EPS Estimates for TSE:DFY Boosted by Analyst

Definity Financial Co. (TSE:DFY - Free Report) - National Bank Financial boosted their FY2024 earnings per share estimates for Definity Financial in a research report issued on Sunday, November 10th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings per share of $2.53 for the year, up from their prior estimate of $2.38. 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 Q4 2024 earnings at $0.82 EPS.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.17. The business 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%.

Other analysts also recently issued reports about the company. BMO Capital Markets increased their price objective on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. CIBC cut Definity Financial from an "outperform" rating to a "neutral" rating and raised their price objective for the company from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Cormark downgraded shares of Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. TD Securities raised their price target on shares of 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. Finally, Scotiabank boosted their price target on shares of Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, Definity Financial presently has an average rating of "Hold" and an average price target of C$54.70.

Definity Financial Stock Up 2.4 %

TSE DFY traded up C$1.30 during trading hours on Wednesday, hitting C$56.31. The company's stock had a trading volume of 115,524 shares, compared to its average volume of 106,396. The company has a market capitalization of C$6.47 billion, a PE ratio of 16.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. Definity Financial has a 52 week low of C$35.48 and a 52 week high of C$58.73. The company's 50-day simple moving average is C$53.24 and its two-hundred day simple moving average is C$48.52.

Definity Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.14%. The ex-dividend date is Friday, December 13th. Definity Financial's dividend payout ratio (DPR) is 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.