Definity Financial (DFY) to Release Earnings on Thursday

Definity Financial (TSE:DFY - Get Free Report) will post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Definity Financial to post earnings of C$0.19 per share for the quarter.

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.

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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Desjardins lifted their price target on Definity Financial from C$47.00 to C$52.00 and gave the company a "hold" rating in a research report on Tuesday, August 6th. CIBC cut Definity Financial from an "outperform" rating to a "neutral" rating and lifted their price target for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. 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. TD Securities lifted their price target on Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Finally, Scotiabank lifted their price target on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Definity Financial presently has a consensus rating of "Hold" and an average target price of C$53.70.

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.