TSE:DFY Q4 EPS Estimate Increased by National Bank Financial

Definity Financial Co. (TSE:DFY) – Stock analysts at National Bank Financial boosted their Q4 2024 earnings per share estimates for shares of Definity Financial in a report issued on Sunday, February 2nd. National Bank Financial analyst J. Gloyn now anticipates that the company will post earnings of $0.87 per share for the quarter, up from their previous estimate of $0.82. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share.

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

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

Definity Financial Stock Performance

TSE DFY opened at C$61.09 on Wednesday. The business’s 50-day moving average price is C$57.52 and its 200 day moving average price is C$54.18. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The firm has a market cap of C$7.02 billion, a P/E ratio of 18.46, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 52-week low of C$37.83 and a 52-week high of C$61.94.

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.