Q4 EPS Forecast for Definity Financial Decreased by Analyst

Definity Financial Co. (TSE:DFY) – Analysts at Raymond James decreased their Q4 2024 earnings estimates for Definity Financial in a research note issued on Monday, November 11th. Raymond James analyst S. Boland now anticipates that the company will post earnings per share of $0.87 for the quarter, down from their prior forecast of $0.95. Raymond James has a “Market Perform” rating and a $55.00 price objective on the stock. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. Raymond James also issued estimates for Definity Financial’s Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $0.94 EPS and Q4 2025 earnings at $1.06 EPS.

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

DFY has been the subject of several other research reports. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. BMO Capital Markets boosted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday. Scotiabank boosted their price target on shares of Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Desjardins boosted their price objective on Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, Cormark downgraded Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$54.70.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$55.01 on Wednesday. Definity Financial has a twelve month low of C$35.48 and a twelve month high of C$58.73. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The company has a 50-day simple moving average of C$53.14 and a two-hundred day simple moving average of C$48.45. The stock has a market capitalization of C$6.32 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Friday, December 13th. Definity Financial’s dividend payout ratio is presently 19.34%.

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.