FY2025 EPS Estimate for Definity Financial Raised by Analyst

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at Cormark increased their FY2025 earnings per share estimates for Definity Financial in a research report issued on Wednesday, October 30th. Cormark analyst L. Persaud now forecasts that the company will post earnings per share of $3.25 for the year, up from their prior forecast of $3.15. Cormark currently has a "Hold" rating 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 earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.66 by C$0.28. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The business had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion.

A number of other research firms also recently issued reports on DFY. TD Securities raised their target price on Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Raymond James lifted their price target on Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday, October 22nd. Scotiabank lifted their price target on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. 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 report on Wednesday. Finally, Cibc World Mkts cut Definity Financial from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 6th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$53.70.

Definity Financial Stock Performance

TSE:DFY traded down C$0.70 during trading hours on Thursday, reaching C$53.73. The stock had a trading volume of 96,744 shares, compared to its average volume of 104,930. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The stock has a 50 day simple moving average of C$52.43 and a 200 day simple moving average of C$47.92. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$55.86. The stock has a market cap of C$6.17 billion, a P/E ratio of 16.23, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

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.