TSE:DFY Q4 EPS Estimate Raised by National Bank Financial

Definity Financial Co. (TSE:DFY) – National Bank Financial upped their Q4 2024 earnings per share (EPS) estimates for shares of Definity Financial in a research note issued on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $0.88 for the quarter, up from their previous 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.

A number of other equities research analysts have also recently weighed in on the company. Scotiabank increased their price target on Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday. TD Securities increased their price target on shares of Definity Financial from C$52.00 to C$55.00 in a report on Friday, September 20th. Desjardins boosted their price objective on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. Finally, Raymond James increased their target price on Definity Financial from C$55.00 to C$58.00 in a research note on Tuesday, October 22nd. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$53.70.

Definity Financial Stock Down 1.3 %

Definity Financial stock opened at C$53.73 on Thursday. 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’s 50-day moving average is C$52.43 and its 200-day moving average is C$47.92. The firm has a market capitalization of C$6.17 billion, a PE ratio of 16.23, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$55.86.

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

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.