Raymond James Weighs in on Definity Financial Co.’s Q4 2024 Earnings (TSE:DFY)

Definity Financial Co. (TSE:DFY) – Investment analysts at Raymond James cut their Q4 2024 earnings estimates for Definity Financial in a report issued on Wednesday, October 9th. Raymond James analyst S. Boland now expects that the company will post earnings of $0.95 per share for the quarter, down from their previous forecast of $0.96. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share. Raymond James also issued estimates for Definity Financial’s FY2025 earnings at $3.80 EPS.

Several other equities analysts have also weighed in on DFY. CIBC lowered shares of Definity Financial from an “outperform” rating to a “neutral” rating and upped their price objective for the company from C$47.00 to C$51.00 in a report on Tuesday, August 6th. Royal Bank of Canada upped their price objective on shares of Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. Desjardins boosted their target price on shares of Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th. Cormark boosted their target price on shares of Definity Financial from C$49.00 to C$51.00 in a research report on Friday, July 26th. Finally, Scotiabank boosted their target price on shares of Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Definity Financial currently has an average rating of “Hold” and an average target price of C$52.90.

Definity Financial Price Performance

DFY stock opened at C$54.14 on Monday. The firm has a market cap of C$6.22 billion, a price-to-earnings ratio of 16.36, a PEG ratio of 2.63 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$55.53. The company’s fifty day simple moving average is C$51.05 and its 200 day simple moving average is C$46.91.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.66 by C$0.28. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 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 disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, September 13th. Definity Financial’s payout ratio is 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.