Brokers Offer Predictions for Definity Financial Co.'s Q1 2024 Earnings (TSE:DFY)

Definity Financial Co. (TSE:DFY - Free Report) - Analysts at National Bank Financial issued their Q1 2024 earnings estimates for shares of Definity Financial in a research report issued on Monday, April 29th. National Bank Financial analyst J. Gloyn expects that the company will post earnings of $0.74 per share for the quarter. The consensus estimate for Definity Financial's current full-year earnings is $2.79 per share. National Bank Financial also issued estimates for Definity Financial's Q2 2024 earnings at $0.64 EPS, Q3 2024 earnings at $0.55 EPS and Q4 2024 earnings at $0.81 EPS.

DFY has been the topic of a number of other reports. CIBC upped their price objective on shares of Definity Financial from C$46.00 to C$47.00 and gave the company an "outperform" rating in a research note on Tuesday, April 16th. Desjardins upped their price objective on shares of Definity Financial from C$44.00 to C$45.00 and gave the company a "hold" rating in a research note on Tuesday, April 16th. TD Securities increased their target price on shares of Definity Financial from C$45.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. BMO Capital Markets increased their target price on shares of Definity Financial from C$40.00 to C$44.00 and gave the stock a "market perform" rating in a research note on Tuesday, February 20th. Finally, Scotiabank increased their target price on shares of Definity Financial from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$47.70.

Definity Financial Trading Up 1.4 %

Shares of TSE:DFY traded up C$0.65 during trading on Wednesday, reaching C$46.54. The stock had a trading volume of 38,821 shares, compared to its average volume of 106,432. The firm's fifty day moving average is C$44.78 and its 200 day moving average is C$40.30. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. Definity Financial has a 52 week low of C$32.09 and a 52 week high of C$47.50. The stock has a market cap of C$5.39 billion, a price-to-earnings ratio of 15.51, a P/E/G ratio of 2.63 and a beta of 0.08.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating analysts' consensus estimates of C$0.74 by C$0.12. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. The company had revenue of C$1 billion for the quarter.

Definity Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a dividend of $0.16 per share. This is an increase from Definity Financial's previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.64 annualized dividend and a yield of 1.38%. Definity Financial's dividend payout ratio is presently 21.33%.

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.