TSE:DFY Q4 EPS Estimate Increased by National Bank Financial

Definity Financial Co. (TSE:DFY - Free Report) - Stock analysts at National Bank Financial raised their Q4 2024 earnings estimates for Definity Financial in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.87 per share for the quarter, up from their prior estimate of $0.82. The consensus estimate for Definity Financial's current full-year earnings is $3.13 per share.

A number of other equities research analysts have also recently commented on the stock. National Bankshares increased their target price on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Scotiabank lowered shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Raymond James lowered Definity Financial from an "outperform" rating to a "market perform" rating and upped their price target for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Cormark downgraded Definity Financial from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, BMO Capital Markets upped their target price on Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of C$54.70.

Definity Financial Price Performance

Shares of TSE:DFY traded up C$0.85 during trading on Wednesday, reaching C$61.94. The stock had a trading volume of 93,732 shares, compared to its average volume of 105,884. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. Definity Financial has a 1-year low of C$37.83 and a 1-year high of C$62.00. The stock has a market cap of C$7.12 billion, a PE ratio of 18.71, a PEG ratio of 2.63 and a beta of 0.04. The business has a fifty day moving average price of C$57.59 and a 200-day moving average price of C$54.23.

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

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.