FY2024 EPS Estimate for Definity Financial Raised by Analyst

Definity Financial Co. (TSE:DFY) – Investment analysts at Desjardins raised their FY2024 earnings per share (EPS) estimates for shares of Definity Financial in a research note issued to investors on Monday, February 3rd. Desjardins analyst D. Young now expects that the company will post earnings per share of $2.59 for the year, up from their prior estimate of $2.52. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. Desjardins also issued estimates for Definity Financial’s Q4 2024 earnings at $0.88 EPS.

Several other equities research analysts also recently weighed in on the stock. TD Securities upped their target price on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets increased their price objective on Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. National Bankshares boosted their target price on Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Raymond James lowered Definity Financial from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Finally, Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$54.70.

Definity Financial Stock Up 3.4 %

Shares of TSE DFY opened at C$61.22 on Wednesday. Definity Financial has a 52-week low of C$37.83 and a 52-week high of C$61.36. 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 business’s 50 day moving average is C$57.48 and its two-hundred day moving average is C$54.07. The firm has a market cap of C$7.03 billion, a price-to-earnings ratio of 18.50, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating 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.

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.