What is Cormark's Estimate for TSE:DFY Q3 Earnings?

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at Cormark issued their Q3 2024 earnings per share estimates for Definity Financial in a report issued on Wednesday, October 30th. Cormark analyst L. Persaud forecasts that the company will post earnings of $0.00 per share for the quarter. Cormark has a "Hold" rating on the stock. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. Cormark also issued estimates for Definity Financial's FY2024 earnings at $2.53 EPS.

A number of other brokerages also recently commented on DFY. National Bankshares lifted their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an "outperform" rating in a report on Wednesday. CIBC cut shares of Definity Financial from an "outperform" rating to a "neutral" rating and lifted their target price for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Scotiabank increased their price target on Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. TD Securities lifted their price objective on Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Finally, Raymond James increased their target price on Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of C$53.70.

Definity Financial Price Performance

Definity Financial stock traded up C$0.30 during mid-day trading on Friday, hitting C$54.03. 128,454 shares of the company were exchanged, compared to its average volume of 105,047. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$55.86. The company has a market capitalization of C$6.21 billion, a P/E ratio of 16.32, a PEG ratio of 2.63 and a beta of 0.04. The business's 50 day simple moving average is C$52.52 and its two-hundred day simple moving average is C$47.97. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

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

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.