Definity Financial Co. (TSE:DFY) Forecasted to Earn FY2025 Earnings of $2.92 Per Share

Definity Financial Co. (TSE:DFY - Free Report) - Investment analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for Definity Financial in a note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $2.92 for the year, down from their prior estimate of $2.93. The consensus estimate for Definity Financial's current full-year earnings is $2.79 per share.

A number of other brokerages also recently issued reports on DFY. BMO Capital Markets raised their price objective on Definity Financial from C$40.00 to C$44.00 and gave the stock a "market perform" rating in a research report on Tuesday, February 20th. Royal Bank of Canada raised their price objective on Definity Financial from C$49.00 to C$50.00 and gave the stock an "outperform" rating in a research report on Monday. Cormark raised their price objective on Definity Financial from C$42.00 to C$43.00 in a research report on Friday, February 16th. Scotiabank raised their price objective on Definity Financial from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research report on Friday, April 26th. Finally, CIBC lifted their target price on Definity Financial from C$46.00 to C$47.00 and gave the stock an "outperform" rating in a report on Tuesday, April 16th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$47.70.

Definity Financial Trading Down 1.1 %

Shares of DFY traded down C$0.53 during mid-day trading on Thursday, reaching C$46.01. 70,144 shares of the company were exchanged, compared to its average volume of 106,010. Definity Financial has a 52 week low of C$32.09 and a 52 week high of C$47.50. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The stock has a market capitalization of C$5.33 billion, a PE ratio of 15.28, a PEG ratio of 2.63 and a beta of 0.08. The business has a 50 day simple moving average of C$44.83 and a two-hundred day simple moving average of C$40.35.

Definity Financial (TSE:DFY - Get Free Report) last announced its quarterly earnings results 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 return on equity of 12.52% and a net margin of 9.06%. The firm had revenue of C$1 billion for the quarter.

Definity Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Thursday, March 14th. This is a boost from Definity Financial's previous quarterly dividend of $0.14. Definity Financial's dividend payout ratio (DPR) is 21.33%.

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.