TSE:DFY FY2024 EPS Lifted by National Bank Financial

Definity Financial Co. (TSE:DFY) – Stock analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Definity Financial in a report released on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $2.58 per share for the year, up from their previous 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 brokerages have also issued reports on DFY. Raymond James lowered Definity Financial from an “outperform” rating to a “market perform” rating and boosted their target price for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Scotiabank lowered Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. BMO Capital Markets raised their price target on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Finally, TD Securities boosted 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 report on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Definity Financial has a consensus rating of “Hold” and a consensus target price of C$54.70.

Definity Financial Stock Performance

Shares of TSE:DFY opened at C$59.20 on Tuesday. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. Definity Financial has a 12 month low of C$37.83 and a 12 month high of C$60.78. The company has a market capitalization of C$6.80 billion, a price-to-earnings ratio of 17.89, a PEG ratio of 2.63 and a beta of 0.04. The firm’s 50-day moving average is C$57.43 and its 200 day moving average is C$53.96.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.17. The business 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.16 per share. The ex-dividend date was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.08%. Definity Financial’s dividend payout ratio (DPR) is presently 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.