Cormark Issues Pessimistic Forecast for TSE:DFY Earnings

Definity Financial Co. (TSE:DFY) – Analysts at Cormark cut their FY2025 earnings per share (EPS) estimates for Definity Financial in a research note issued on Thursday, February 6th. Cormark analyst L. Persaud now forecasts that the company will post earnings of $3.11 per share for the year, down from their prior forecast of $3.19. Cormark currently 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 posted its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.17. The company had revenue of C$1.10 billion during the quarter, compared to analyst estimates of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%.

A number of other equities analysts have also recently weighed in on DFY. Scotiabank cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. BMO Capital Markets lifted their target price on Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. TD Securities increased their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Raymond James cut Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$53.00 to C$55.00 in a report on Tuesday, November 12th. Finally, National Bankshares increased 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. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Stock Up 1.4 %

Definity Financial stock opened at C$61.94 on Friday. Definity Financial has a fifty-two week low of C$37.83 and a fifty-two week high of C$62.00. 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 firm has a market capitalization of C$7.12 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 2.63 and a beta of 0.04. The company’s 50 day simple moving average is C$57.59 and its 200 day simple moving average is C$54.23.

About Definity Financial

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.