Definity Financial (DFY) Scheduled to Post Earnings on Thursday

Definity Financial (TSE:DFY) will be issuing its quarterly earnings data after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of C$0.19 per share for the quarter.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of C$1.07 billion.

Definity Financial Trading Down 1.3 %

Shares of Definity Financial stock opened at C$54.43 on Thursday. Definity Financial has a 52-week low of C$35.48 and a 52-week high of C$55.86. The company’s 50-day simple moving average is C$52.36 and its 200-day simple moving average is C$47.88. The firm has a market cap of C$6.25 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38.

Analyst Ratings Changes

DFY has been the subject of a number of research reports. National Bankshares lifted 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 research report on Wednesday. Cibc World Mkts lowered Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Desjardins lifted their price target on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research note on Tuesday, August 6th. Scotiabank boosted their price objective on shares of Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Finally, TD Securities raised their price objective on shares of Definity Financial from C$52.00 to C$55.00 in a research note on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$53.70.

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.