FY2025 EPS Estimate for Definity Financial Raised by Analyst

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at National Bank Financial upped their FY2025 earnings estimates for Definity Financial in a research report issued on Sunday, November 10th. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $3.19 per share for the year, up from their prior estimate of $3.18. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share. National Bank Financial also issued estimates for Definity Financial's FY2026 earnings at $3.64 EPS.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.17. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The business had revenue of C$1.10 billion during the quarter, compared to the consensus estimate of C$1.10 billion.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada increased their target price on Definity Financial from C$58.00 to C$61.00 in a research report on Friday, August 2nd. National Bankshares upped 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. TD Securities raised their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a "hold" rating in a research report on Friday. Scotiabank increased their target price on shares of Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Finally, Cibc World Mkts downgraded Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of C$54.70.

Definity Financial Stock Performance

Shares of TSE:DFY traded down C$0.55 on Tuesday, reaching C$54.47. 58,231 shares of the company's stock were exchanged, compared to its average volume of 106,121. The business's 50-day moving average is C$53.14 and its two-hundred day moving average is C$48.45. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$58.73. The firm has a market capitalization of C$6.26 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.17%. Definity Financial's dividend payout ratio is currently 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.