Q4 EPS Forecast for Definity Financial Decreased by Analyst

Definity Financial Co. (TSE:DFY) – Analysts at Raymond James lowered their Q4 2024 earnings per share (EPS) estimates for Definity Financial in a note issued to investors on Monday, November 11th. Raymond James analyst S. Boland now expects that the company will earn $0.87 per share for the quarter, down from their previous estimate of $0.95. Raymond James currently has a “Market Perform” rating and a $55.00 target price 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 results 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 company had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%.

Several other analysts have also weighed in on DFY. 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 report on Friday, November 8th. CIBC downgraded shares of Definity Financial from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Cibc World Mkts cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Scotiabank raised their price objective on shares of Definity Financial from C$51.00 to C$53.00 in a report on Friday, September 20th. Finally, National Bankshares upped their target price on shares of 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 research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Definity Financial presently has an average rating of “Hold” and a consensus target price of C$54.70.

Definity Financial Stock Down 0.1 %

DFY stock opened at C$56.28 on Wednesday. The business’s 50-day simple moving average is C$53.37 and its 200 day simple moving average is C$48.59. 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 company has a market cap of C$6.47 billion, a PE ratio of 17.00, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a twelve month low of C$35.48 and a twelve month high of C$58.73.

Definity Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, December 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.