FY2024 Earnings Forecast for TSE:DFY Issued By Raymond James

Definity Financial Co. (TSE:DFY) – Research analysts at Raymond James issued their FY2024 earnings per share (EPS) estimates for Definity Financial in a research note issued on Monday, November 11th. Raymond James analyst S. Boland expects that the company will post earnings of $2.58 per share for the year. 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 FY2025 earnings at $3.91 EPS.

Several other brokerages have also recently issued reports on DFY. Desjardins boosted their price target on Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a research report on Tuesday, August 6th. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. CIBC downgraded shares of 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. Finally, BMO Capital Markets raised their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Trading Down 0.1 %

TSE DFY opened at C$56.24 on Thursday. Definity Financial has a one year low of C$35.48 and a one year high of C$58.73. The firm has a market cap of C$6.46 billion, a PE ratio of 16.99, a P/E/G ratio of 2.63 and a beta of 0.04. The firm’s fifty day moving average is C$53.63 and its two-hundred day moving average is C$48.70. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

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

Definity Financial Dividend Announcement

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