Q3 2022 EPS Estimates for Definity Financial Co. (TSE:DFY) Lifted by National Bank Financial

Definity Financial Co. (TSE:DFYGet Rating) – Stock analysts at National Bank Financial upped their Q3 2022 earnings estimates for shares of Definity Financial in a research report issued to clients and investors on Tuesday, November 1st. National Bank Financial analyst J. Gloyn now forecasts that the company will earn $0.35 per share for the quarter, up from their previous estimate of $0.30. National Bank Financial also issued estimates for Definity Financial’s Q4 2022 earnings at $0.65 EPS, FY2022 earnings at $1.96 EPS and FY2023 earnings at $2.19 EPS.

Several other research firms have also weighed in on DFY. Scotiabank boosted their target price on shares of Definity Financial from C$39.00 to C$42.00 in a report on Wednesday, October 26th. CIBC lowered shares of Definity Financial from an “outperform” rating to a “neutral” rating and set a C$39.50 target price on the stock. in a report on Monday, August 8th. BMO Capital Markets boosted their target price on shares of Definity Financial from C$42.00 to C$45.00 in a report on Tuesday, October 4th. Raymond James boosted their target price on shares of Definity Financial from C$36.00 to C$39.00 and gave the company a “market perform” rating in a report on Tuesday, October 4th. Finally, Haywood Securities decreased their target price on shares of Definity Financial to C$39.50 and set an “outperform” rating on the stock in a report on Friday, July 22nd. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Definity Financial presently has an average rating of “Moderate Buy” and a consensus price target of C$41.80.

Definity Financial Stock Performance

TSE:DFY opened at C$40.47 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.42 and a quick ratio of 0.31. The firm has a market capitalization of C$4.69 billion and a price-to-earnings ratio of 29.76. The company’s 50-day moving average is C$38.90 and its two-hundred day moving average is C$35.63. Definity Financial has a 1-year low of C$26.00 and a 1-year high of C$40.93.

Definity Financial (TSE:DFYGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported C$0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.36 by C$0.06. The business had revenue of C$801.80 million for the quarter.

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 Economical brand name.

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

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