TSE:DFY Q4 EPS Forecast Lifted by National Bank Financial

Definity Financial Co. (TSE:DFY) – Analysts at National Bank Financial increased their Q4 2024 earnings estimates for Definity Financial in a research note issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings per share of $0.87 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.

Several other analysts have also recently weighed in on DFY. BMO Capital Markets lifted their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Cormark cut shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. National Bankshares raised 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 report on Wednesday, October 30th. Finally, Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$54.70.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$59.20 on Wednesday. Definity Financial has a twelve month low of C$37.83 and a twelve month high of C$60.78. 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$57.43 and a two-hundred day simple moving average of C$53.96. The stock has a market capitalization of C$6.80 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

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%.

Definity Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Friday, December 13th. 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.