Definity Financial Co. (TSE:DFY) to Post Q3 2022 Earnings of $0.36 Per Share, Desjardins Forecasts

Definity Financial Co. (TSE:DFYGet 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:DFYGet 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.

Other equities research analysts have also issued research reports about the stock. BMO Capital Markets upped their target price on shares of Definity Financial from C$39.00 to C$42.00 in a report on Thursday. Cormark upped their target price on shares of Definity Financial from C$36.00 to C$39.00 and gave the stock a “buy” rating in a report on Thursday. Barclays upped their price objective on shares of Definity Financial from C$38.00 to C$41.00 and gave the company an “overweight” rating in a report on Thursday. Haywood Securities dropped their price objective on shares of Definity Financial to C$39.50 and set an “outperform” rating for the company in a report on Friday, July 22nd. Finally, Royal Bank of Canada upped their price objective on shares of Definity Financial from C$40.00 to C$43.00 and gave the company an “outperform” rating in a report on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to, the company presently has an average rating of “Moderate Buy” and an average target price of C$39.60.

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

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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.

See Also

Earnings History and Estimates for Definity Financial (TSE:DFY)

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