Cormark Forecasts Lower Earnings for Definity Financial

Definity Financial Co. (TSE:DFY) – Investment analysts at Cormark lowered their FY2025 earnings estimates for Definity Financial in a research note issued on Thursday, February 6th. Cormark analyst L. Persaud now anticipates that the company will post earnings of $3.11 per share for the year, down from their previous estimate of $3.19. Cormark has a “Hold” rating on the stock. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. Cormark also issued estimates for Definity Financial’s FY2026 earnings at $3.51 EPS.

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

DFY has been the subject of a number of other research reports. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. National Bankshares upped 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, October 30th. BMO Capital Markets upped their price target on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. TD Securities upped 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 report on Friday, November 8th. Finally, Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Price Performance

DFY stock opened at C$61.09 on Friday. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. Definity Financial has a one year low of C$37.83 and a one year high of C$61.94. The stock has a market cap of C$7.02 billion, a PE ratio of 18.46, a P/E/G ratio of 2.63 and a beta of 0.04. The firm has a 50 day simple moving average of C$57.52 and a two-hundred day simple moving average of C$54.18.

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.