Q4 EPS Estimate for Definity Financial Lifted by Analyst

Definity Financial Co. (TSE:DFY) – Equities researchers at National Bank Financial boosted their Q4 2024 EPS estimates for shares of Definity Financial in a research note issued to investors on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $0.87 per share for the quarter, up from their prior forecast of $0.82. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share.

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

Other analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets upped their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Finally, Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Stock Performance

Shares of DFY stock opened at C$59.20 on Wednesday. The firm has a market capitalization of C$6.80 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The firm has a fifty day simple moving average of C$57.43 and a two-hundred day simple moving average of C$53.96. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. Definity Financial has a 12 month low of C$37.83 and a 12 month high of C$60.78.

Definity Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.08%. 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.