Desjardins Lifts Earnings Estimates for Definity Financial

Definity Financial Co. (TSE:DFY) – Analysts at Desjardins upped their FY2025 earnings per share (EPS) estimates for shares of Definity Financial in a note issued to investors on Tuesday, October 22nd. Desjardins analyst D. Young now anticipates that the company will earn $3.05 per share for the year, up from their previous estimate of $3.00. Desjardins has a “Hold” rating and a $52.00 price target on the stock. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share.

Several other equities research analysts have also recently commented on DFY. Royal Bank of Canada increased their price target on Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. Raymond James lifted their price target on Definity Financial from C$55.00 to C$58.00 in a report on Tuesday. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and boosted their price target for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. TD Securities raised their price objective on shares of Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Finally, Scotiabank boosted their target price on shares of Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of C$53.40.

Definity Financial Trading Down 0.1 %

DFY opened at C$55.03 on Thursday. The firm has a market capitalization of C$6.32 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The company’s 50 day simple moving average is C$52.09 and its two-hundred day simple moving average is C$47.59. Definity Financial has a 1-year low of C$35.48 and a 1-year high of C$55.86. 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 posted its quarterly earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping the consensus estimate of C$0.66 by C$0.28. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The firm had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion.

Definity Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. Definity Financial’s dividend payout ratio is currently 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.