Definity Financial (DFY) Quarterly Earnings Announcement

Definity Financial (TSE:DFY) is set to release its quarterly earnings results on Thursday, November 7th, after the market closes. Analysts anticipate that the company will report earnings of C$0.19 per share for the quarter.

Current Stock Performance

On Tuesday, DFY opened at C$54.02. The company's fifty-day moving average stands at C$52.62, while its two-hundred-day moving average is at C$48.09. Definity Financial's debt-to-equity ratio is 6.38, with a current ratio of 7.68 and a quick ratio of 0.31. Over the past year, the stock has hit a low of C$35.48 and a high of C$55.86. Definity Financial has a market capitalization of C$6.21 billion, a P/E ratio of 16.32, a P/E/G ratio of 2.63, and a beta of 0.04.

Analyst Opinions on Definity Financial

Several equity analysts have recently commented on DFY shares. For instance, TD Securities raised their price target for Definity Financial from C$52.00 to C$55.00, as reported on September 20th. The Royal Bank of Canada also increased their target from C$58.00 to C$61.00 on August 2nd. Meanwhile, Cibc World Mkts downgraded the stock from a “strong-buy” rating to a “hold” rating on August 6th. In the same report, CIBC lowered its standing from “outperform” to “neutral” and adjusted the target price to between C$47.00 and C$51.00. Additionally, Desjardins increased their target price from C$47.00 to C$52.00, giving Definity Financial a “hold” rating. Presently, seven analysts have assigned a hold rating to the stock, while four have given it a buy rating. According to MarketBeat.com, Definity Financial holds an average rating of “Hold” with a consensus target price of C$53.70.

About Definity Financial

Definity Financial Corporation and its subsidiaries provide property and casualty insurance products across Canada. Under various brands, including Economical, Sonnet, Family, Petsecure, and Peppermint, the company offers personal insurance products like auto, property, general, and umbrella liability insurance, as well as pet insurance. For businesses, Definity provides commercial insurance products encompassing fleet insurance, commercial auto, property, liability, and specialty insurance under the Definity Insurance and Economical brands.

Definity, Earnings, DFY