TSE:DFY Q4 EPS Estimate Raised by National Bank Financial

Definity Financial Co. (TSE:DFY) – Investment analysts at National Bank Financial boosted their Q4 2024 earnings estimates for shares of Definity Financial in a research report issued to clients and investors on Tuesday, October 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings of $0.88 per share for the quarter, up from their prior estimate of $0.87. 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 $3.18 EPS.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.28. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The company had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion.

Other equities analysts have also issued research reports about the company. Royal Bank of Canada increased their target price on Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday. National Bankshares boosted their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, CIBC cut Definity Financial from an “outperform” rating to a “neutral” rating and increased their price objective for the company from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of C$53.70.

Definity Financial Trading Up 0.6 %

DFY opened at C$54.03 on Thursday. Definity Financial has a 52 week low of C$35.48 and a 52 week high of C$55.86. 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 business has a fifty day simple moving average of C$52.52 and a 200-day simple moving average of C$47.97. The firm has a market cap of C$6.21 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.63 and a beta of 0.04.

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.