Research Analysts Set Expectations for TSE:DFY Q4 Earnings

Definity Financial Co. (TSE:DFY) – Investment analysts at National Bank Financial increased their Q4 2024 earnings estimates for shares of Definity Financial in a report released on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will earn $0.88 per share for the quarter, up from their prior forecast of $0.87. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. National Bank Financial also issued estimates for Definity Financial’s FY2025 earnings at $3.18 EPS.

A number of other research analysts also recently weighed in on the stock. National Bankshares raised their price target 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. Cibc World Mkts downgraded shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Royal Bank of Canada lifted their target price on shares of Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. TD Securities lifted their target price on shares of Definity Financial from C$52.00 to C$55.00 in a report on Friday, September 20th. Finally, Desjardins lifted their target price on shares of Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Seven investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Definity Financial presently has a consensus rating of “Hold” and an average target price of C$53.70.

Definity Financial Stock Down 1.3 %

Definity Financial stock opened at C$54.43 on Thursday. The company has a market capitalization of C$6.25 billion, a P/E ratio of 16.44, a P/E/G ratio of 2.63 and a beta of 0.04. The firm’s fifty day simple moving average is C$52.36 and its 200-day simple moving average is C$47.88. 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$55.86.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.66 by C$0.28. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The company had revenue of C$1.05 billion during the quarter, compared to the consensus estimate of C$1.07 billion.

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.