Definity Financial (DFY) Scheduled to Post Earnings on Thursday

Definity Financial (TSE:DFY) is scheduled to be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Definity Financial to post earnings of C$0.19 per share for the quarter.

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, topping 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 business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion.

Definity Financial Stock Performance

Shares of DFY opened at C$54.43 on Thursday. The firm has a market cap of C$6.25 billion, a price-to-earnings ratio of 16.44, a PEG ratio of 2.63 and a beta of 0.04. The business’s 50 day moving average is C$52.36 and its two-hundred day moving average is C$47.88. 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 52-week low of C$35.48 and a 52-week high of C$55.86.

Wall Street Analyst Weigh In

DFY has been the subject of several research analyst reports. Cormark upped their target price on shares of Definity Financial from C$49.00 to C$51.00 in a research note on Friday, July 26th. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$47.00 to C$51.00 in a report on Tuesday, August 6th. Cibc World Mkts downgraded shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. TD Securities boosted 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, Raymond James raised their target price on shares of Definity Financial from C$55.00 to C$58.00 in a report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$53.70.

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.