Raymond James Has Bearish Estimate for TSE:DFY Q4 Earnings

Definity Financial Co. (TSE:DFY) – Equities research analysts at Raymond James cut their Q4 2024 EPS estimates for Definity Financial in a note issued to investors 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 previous estimate of $0.95. Raymond James currently has a “Market Perform” rating and a $55.00 price target 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 quarterly earnings results 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 business 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. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities boosted their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Scotiabank upped their target price on shares of Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Desjardins upped their target price on shares of 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, Royal Bank of Canada upped their price objective on shares of Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. 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 Stock Down 0.0 %

DFY stock opened at C$55.01 on Wednesday. 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 1 year low of C$35.48 and a 1 year high of C$58.73. The company has a fifty day simple moving average of C$53.14 and a 200 day simple moving average of C$48.45. The firm has a market cap of C$6.32 billion, a PE ratio of 16.62, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 annualized dividend and a yield of 1.16%. Definity Financial’s dividend payout ratio (DPR) is presently 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.