Definity Financial Co. (TSE:DFY – Get Rating) – Stock analysts at National Bank Financial have cut their fiscal 2023 earnings per share estimates for Definity Financial in a research report released Wednesday, April 27. National Bank Financial analyst J. Gloyn now expects the company to post earnings per share of $1.99 for the year, down from its previous estimate of $2.03.
Definity Financial (TSE:DFY – Get Rating) last released its quarterly earnings data on Thursday, February 10. The company reported EPS of C$0.42 for the quarter, beating Thomson Reuters consensus estimate of C$0.38 by C$0.04. The company posted revenue of C$749.60 million in the quarter, compared to analyst estimates of C$766.00 million.
Several other stock analysts have also recently commented on the stock. Royal Bank of Canada raised its price target on Definity Financial shares from C$32.00 to C$35.00 and gave the company an “outperform” rating in a Friday, Feb. 11 research note . TD Securities raised its price target on Definity Financial shares from C$33.00 to C$35.00 and gave the company a “buy” rating in a Monday, February 14 research note. National Bankshares raised its price target on shares of Definity Financial from C$36.00 to C$37.00 in a research note on Thursday. Raymond James raised his price target on Definity Financial shares from CA$32.00 to CA$33.50 and gave the company an “outperform” rating in a Monday, Feb. 14 research note. Finally, CIBC set a price target of C$41.50 on shares of Definity Financial and gave the stock an “outperform” rating in a Thursday, April 21 research note. Five equity research analysts gave the stock a buy rating. According to data from MarketBeat.com, the stock currently has a consensus “buy” rating and an average price target of C$35.67.
DFY stock opened at C$33.52 on Monday. The company has a debt ratio of 0.79, a current ratio of 0.35 and a quick ratio of 0.29. The company has a 50-day simple moving average of C$31.49. Definity Financial has a 52 week low of C$26.00 and a 52 week high of C$35.40. The company has a market capitalization of C$3.88 billion and a P/E ratio of 16.59.
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 28. Shareholders of record on Tuesday, March 15 received a dividend of $0.175 per share. The ex-dividend date was Monday, March 14. This represents a dividend of $0.70 on an annualized basis and a yield of 2.09%. Definity Financial’s payout ratio is 34.65%.
Definity Financial Company Profile (Get an assessment)
Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It offers personal insurance products, including auto, property, general liability and umbrella insurance products, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure and Peppermint brands; and commercial insurance products including commercial fleet, commercial auto, property, liability and specialty insurance products under the Economical brand.
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