Desjardins Weighs in on Definity Financial Co.’s Q4 2022 Earnings (TSE:DFY)

Definity Financial Co. (TSE:DFYGet Rating) – Stock analysts at Desjardins issued their Q4 2022 EPS estimates for shares of Definity Financial in a note issued to investors on Sunday, November 13th. Desjardins analyst D. Young expects that the company will post earnings of $0.60 per share for the quarter. The consensus estimate for Definity Financial’s current full-year earnings is $2.25 per share.

DFY has been the topic of several other research reports. National Bankshares lifted their target price on shares of Definity Financial from C$39.00 to C$45.00 in a report on Wednesday, November 2nd. Barclays lifted their price target on shares of Definity Financial from C$41.00 to C$43.00 in a research note on Friday, October 28th. BMO Capital Markets lifted their price target on shares of Definity Financial from C$42.00 to C$45.00 in a research note on Tuesday, October 4th. Haywood Securities dropped their price target on shares of Definity Financial to C$39.50 and set an “outperform” rating on the stock in a research note on Friday, July 22nd. Finally, Royal Bank of Canada lifted their price target on shares of Definity Financial from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a research note on Friday, November 11th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$41.64.

Definity Financial Stock Performance

TSE:DFY opened at C$37.20 on Wednesday. The company has a current ratio of 0.42, a quick ratio of 0.31 and a debt-to-equity ratio of 0.99. The firm has a market capitalization of C$4.31 billion and a price-to-earnings ratio of 27.26. The firm’s fifty day simple moving average is C$39.10 and its 200 day simple moving average is C$35.93. Definity Financial has a twelve month low of C$26.00 and a twelve month high of C$40.95.

Definity Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Thursday, December 15th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, December 14th. Definity Financial’s dividend payout ratio (DPR) is presently 31.25%.

About Definity Financial

(Get Rating)

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.

Further Reading

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

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