Desjardins Has Positive Outlook of TSE:DFY FY2025 Earnings

Definity Financial Co. (TSE:DFY - Free Report) - Equities researchers at Desjardins upped their FY2025 earnings per share estimates for shares of Definity Financial in a research report issued on Tuesday, October 22nd. Desjardins analyst D. Young now forecasts that the company will earn $3.05 per share for the year, up from their prior estimate of $3.00. Desjardins currently has a "Hold" rating and a $52.00 target price on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share.

Definity Financial (TSE:DFY - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping analysts' consensus estimates of C$0.66 by C$0.28. The business had revenue of C$1.05 billion during the quarter, compared to analysts' expectations of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%.

A number of other equities analysts have also recently commented on the company. Cibc World Mkts cut Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. TD Securities increased their price target on Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Scotiabank increased their price target on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. CIBC lowered Definity Financial from an "outperform" rating to a "neutral" rating and increased their price target for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. Finally, Raymond James increased their price target on Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$53.40.

Definity Financial Trading Up 0.8 %

Definity Financial stock traded up C$0.44 during midday trading on Thursday, reaching C$55.09. 70,641 shares of the stock traded hands, compared to its average volume of 105,333. The company has a 50-day simple moving average of C$51.88 and a two-hundred day simple moving average of C$47.49. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$55.86. The firm has a market cap of C$6.33 billion, a PE ratio of 16.57, 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 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.