Definity Financial Co. (TSE:DFY – Get Rating) – Analysts at Desjardins lifted their Q3 2022 EPS estimates for shares of Definity Financial in a report issued on Wednesday, August 3rd. Desjardins analyst D. Young now anticipates that the company will post earnings of $0.36 per share for the quarter, up from their previous forecast of $0.34. The consensus estimate for Definity Financial’s current full-year earnings is $2.03 per share. Desjardins also issued estimates for Definity Financial’s Q4 2022 earnings at $0.58 EPS and FY2023 earnings at $2.05 EPS.
Definity Financial (TSE:DFY – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C$0.55 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.40 by C$0.15. The company had revenue of C$790.30 million for the quarter.
Definity Financial Stock Performance
TSE:DFY opened at C$39.08 on Friday. Definity Financial has a fifty-two week low of C$26.00 and a fifty-two week high of C$39.43. The stock has a market capitalization of C$4.53 billion and a PE ratio of 24.84. The company has a fifty day moving average of C$34.27 and a two-hundred day moving average of C$31.94. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.28 and a current ratio of 0.34.
Definity Financial Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 28th. Shareholders of record on Wednesday, June 15th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Tuesday, June 14th. Definity Financial’s dividend payout ratio (DPR) is presently 19.11%.
About Definity Financial
Definity Financial Corporation, together with its subsidiaries, provides property and casualty insurance products in Canada. It offers 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 comprising fleet, commercial auto, property, liability, and specialty insurance products to businesses under the under the Economical brand name.
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