FY2024 Earnings Estimate for TSE:DFY Issued By Raymond James

Definity Financial Co. (TSE:DFY) – Research analysts at Raymond James issued their FY2024 earnings per share (EPS) estimates for shares of Definity Financial in a research report issued to clients and investors on Monday, November 11th. Raymond James analyst S. Boland anticipates that the company will post earnings per share of $2.58 for the year. Raymond James has a “Market Perform” rating and a $55.00 price target on the stock. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. Raymond James also issued estimates for Definity Financial’s FY2025 earnings at $3.91 EPS.

Several other equities research analysts have also issued reports on the stock. TD Securities lifted their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets upped their price target on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. Cibc World Mkts downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Desjardins upped their target price on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Finally, Scotiabank lifted their price target on shares of Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of C$54.70.

Definity Financial Trading Down 0.1 %

Shares of TSE DFY opened at C$56.28 on Thursday. The business has a 50 day simple moving average of C$53.37 and a 200 day simple moving average of C$48.59. Definity Financial has a 52 week low of C$35.48 and a 52 week high of C$58.73. The stock has a market cap of C$6.47 billion, a price-to-earnings ratio of 17.00, a PEG ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

Definity Financial (TSE:DFY) last announced its quarterly earnings data 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. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The firm had revenue of C$1.10 billion during the quarter, compared to the consensus estimate of C$1.10 billion.

Definity Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Friday, December 13th. Definity Financial’s dividend payout ratio (DPR) is presently 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.