FY2024 Earnings Estimate for TSE:DFY Issued By Raymond James

Definity Financial Co. (TSE:DFY) – Research analysts at Raymond James issued their FY2024 earnings estimates for Definity Financial in a research report issued to clients and investors on Monday, November 11th. Raymond James analyst S. Boland anticipates that the company will post earnings of $2.58 per share for the year. Raymond James currently has a “Market Perform” rating and a $55.00 price target 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 FY2025 earnings at $3.91 EPS.

Several other analysts have also recently weighed in on DFY. TD Securities raised their target price on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. National Bankshares raised their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Cormark cut shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Desjardins raised their price target on Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a research note on Tuesday, August 6th. Finally, CIBC cut Definity Financial from an “outperform” rating to a “neutral” rating and upped their price objective for the stock from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. Nine research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of C$54.70.

Definity Financial Stock Performance

Shares of DFY opened at C$56.31 on Thursday. Definity Financial has a 1 year low of C$35.48 and a 1 year high of C$58.73. The stock has a market capitalization of C$6.47 billion, a PE ratio of 17.01, a PEG ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The stock has a 50-day simple moving average of C$53.37 and a 200-day simple moving average of C$48.59.

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

Definity Financial Dividend Announcement

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