FY2025 EPS Estimates for Definity Financial Co. Decreased by National Bank Financial (TSE:DFY)

Definity Financial Co. (TSE:DFY) – National Bank Financial lowered their FY2025 earnings estimates for Definity Financial in a note issued to investors on Monday, April 29th. National Bank Financial analyst J. Gloyn now forecasts 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 analysts have also recently weighed in on the company. Cormark increased their price objective on Definity Financial from C$42.00 to C$43.00 in a research report on Friday, February 16th. Royal Bank of Canada lifted their price objective on shares of Definity Financial from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research report on Monday, April 29th. National Bankshares upped their price objective on shares of Definity Financial from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Tuesday. Desjardins raised their target price on shares of Definity Financial from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. Finally, BMO Capital Markets boosted their price target 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. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$47.70.

Definity Financial Price Performance

Shares of DFY opened at C$46.05 on Thursday. The company has a market capitalization of C$5.34 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. Definity Financial has a fifty-two week low of C$32.09 and a fifty-two week high of C$47.50. The firm has a 50-day simple moving average of C$44.87 and a 200-day simple moving average of C$40.39. 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 (TSE:DFY) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$0.86 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.12. The firm had revenue of C$1 billion during the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%.

Definity Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 1.39%. This is an increase from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s payout ratio is currently 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.