National Bank Financial Comments on TSE:DFY FY2024 Earnings

Definity Financial Co. (TSE:DFY) – Equities researchers at National Bank Financial upped their FY2024 earnings estimates for Definity Financial in a research report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $2.58 for the year, up from their prior estimate of $2.53. 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 $3.22 EPS and FY2026 earnings at $3.65 EPS.

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

Definity Financial Stock Down 0.0 %

DFY stock opened at C$59.20 on Tuesday. 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 stock has a market capitalization of C$6.80 billion, a P/E ratio of 17.89, a P/E/G ratio of 2.63 and a beta of 0.04. The business has a fifty day moving average price of C$57.43 and a 200-day moving average price of C$53.96. Definity Financial has a 1-year low of C$37.83 and a 1-year high of C$60.78.

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

Definity Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, December 13th. Definity Financial’s dividend payout ratio is 19.34%.

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.