Raymond James Issues Negative Outlook for TSE:DFY Earnings

Definity Financial Co. (TSE:DFY) – Investment analysts at Raymond James dropped their Q4 2024 EPS estimates for shares of Definity Financial in a report released on Monday, November 11th. Raymond James analyst S. Boland now forecasts that the company will post earnings per share of $0.87 for the quarter, down from their previous estimate of $0.95. Raymond James has a “Market Perform” rating and a $55.00 price objective on the stock. 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 Q2 2025 earnings at $0.98 EPS, Q3 2025 earnings at $0.94 EPS and Q4 2025 earnings at $1.06 EPS.

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

Other equities research analysts have also recently issued research reports about the stock. Cormark cut shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and upped their target price for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. TD Securities lifted their price objective on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on Definity Financial from C$53.00 to C$57.00 in a research note on Monday. Finally, National Bankshares upped their price target on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Price Performance

Definity Financial stock opened at C$56.28 on Wednesday. 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$58.73. The stock has a market cap of C$6.47 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.63 and a beta of 0.04. The business’s 50-day simple moving average is C$53.37 and its 200 day simple moving average is C$48.59.

Definity Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Friday, December 13th. Definity Financial’s payout ratio 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.