FY2025 Earnings Estimate for Definity Financial Co. Issued By National Bank Financial (TSE:DFY)

Definity Financial Co. (TSE:DFY) – Equities researchers at National Bank Financial cut their FY2025 earnings estimates for Definity Financial in a report released on Monday, April 29th. National Bank Financial analyst J. Gloyn now expects that the company will post earnings per share of $2.92 for the year, down from their previous forecast of $2.93. The consensus estimate for Definity Financial’s current full-year earnings is $2.79 per share.

Definity Financial (TSE:DFY) last posted its quarterly earnings data 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. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. The firm had revenue of C$1 billion during the quarter.

Several other research firms also recently weighed in on DFY. CIBC boosted their target price on shares of Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16th. Desjardins upped their target price on Definity Financial from C$44.00 to C$45.00 and gave the company a “hold” rating in a research report on Tuesday, April 16th. BMO Capital Markets raised their target price on 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. Scotiabank boosted their price target on Definity Financial from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Raymond James raised their price objective on Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a research note on Friday, February 16th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of C$47.70.

Definity Financial Price Performance

Shares of DFY stock opened at C$46.01 on Thursday. Definity Financial has a fifty-two week low of C$32.09 and a fifty-two week high of C$47.50. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The firm has a market capitalization of C$5.33 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 2.63 and a beta of 0.08. The stock’s 50-day simple moving average is C$44.83 and its 200-day simple moving average is C$40.35.

Definity Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s payout ratio is 21.33%.

About Definity Financial

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.