FY2025 EPS Forecast for Definity Financial Lifted by Analyst

Definity Financial Co. (TSE:DFY) – Equities research analysts at National Bank Financial lifted their FY2025 EPS estimates for shares of Definity Financial in a report issued on Sunday, November 10th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $3.19 for the year, up from their prior forecast of $3.18. 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 FY2026 earnings at $3.64 EPS.

A number of other brokerages have also weighed in on DFY. BMO Capital Markets increased their price target on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. Raymond James lowered Definity Financial from an “outperform” rating to a “market perform” rating and raised their price target for the stock from C$53.00 to C$55.00 in a research note on Tuesday. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Scotiabank increased their price target on shares of Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Finally, National Bankshares lifted their target price on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$54.70.

Definity Financial Stock Performance

TSE:DFY opened at C$56.31 on Tuesday. Definity Financial has a 1-year low of C$35.48 and a 1-year high of C$58.73. The firm has a 50 day simple moving average of C$53.24 and a 200-day simple moving average of C$48.52. The firm has a market cap of C$6.47 billion, a PE ratio of 16.62, a P/E/G ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%.

Definity Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Friday, December 13th. Definity Financial’s dividend payout ratio is 19.34%.

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.