Q4 EPS Estimate for Definity Financial Increased by Analyst

Definity Financial Co. (TSE:DFY) – National Bank Financial boosted their Q4 2024 earnings per share (EPS) estimates for Definity Financial in a note issued to investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now forecasts that the company will post earnings of $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.

Other research analysts have also recently issued reports about the company. CIBC cut Definity Financial from an “outperform” rating to a “neutral” rating and increased their price target for the company from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Cormark downgraded Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Royal Bank of Canada boosted their price target on Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. Desjardins raised their price objective on shares of Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Finally, Scotiabank boosted their target price on shares of Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$53.70.

Definity Financial Price Performance

Shares of TSE:DFY opened at C$53.73 on Thursday. Definity Financial has a one year low of C$35.48 and a one year high of C$55.86. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. The company has a market cap of C$6.17 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.63 and a beta of 0.04. The firm has a 50 day simple moving average of C$52.43 and a 200 day simple moving average of C$47.92.

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

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.