Raymond James Issues Negative Estimate for TSE:DFY Earnings

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at Raymond James lowered their Q4 2024 EPS estimates for shares of Definity Financial in a report released on Monday, November 11th. Raymond James analyst S. Boland now expects that the company will earn $0.87 per share for the quarter, down from their previous estimate of $0.95. 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 Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $0.94 EPS and Q4 2025 earnings at $1.06 EPS.

A number of other analysts also recently issued reports on DFY. TD Securities lifted their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a report on Friday, November 8th. Desjardins increased their price target on Definity Financial from C$47.00 to C$52.00 and gave the stock a "hold" rating in a research note on Tuesday, August 6th. National Bankshares increased their target price on Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Scotiabank raised their target price on Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Finally, BMO Capital Markets lifted their target price on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of C$54.70.

Definity Financial Price Performance

Shares of TSE DFY traded up C$1.30 during midday trading on Wednesday, hitting C$56.31. The stock had a trading volume of 115,524 shares, compared to its average volume of 106,396. Definity Financial has a 1 year low of C$35.48 and a 1 year high of C$58.73. The company has a market capitalization of C$6.47 billion, a PE ratio of 16.62, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The stock has a 50 day simple moving average of C$53.24 and a 200-day simple moving average of C$48.52.

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, topping analysts' consensus estimates of C($0.04) by C$0.17. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The firm had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. Definity Financial's dividend payout ratio is presently 19.34%.

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.