Definity Financial Co. (TSE:DFY – Get Rating) – Research analysts at Cormark decreased their Q3 2022 earnings per share estimates for shares of Definity Financial in a research report issued on Thursday, August 4th. Cormark analyst L. Persaud now expects that the company will earn $0.44 per share for the quarter, down from their previous estimate of $0.48. Cormark has a “Buy” rating and a $39.00 price objective on the stock. The consensus estimate for Definity Financial’s current full-year earnings is $2.03 per share. Cormark also issued estimates for Definity Financial’s Q4 2022 earnings at $0.45 EPS, FY2022 earnings at $1.86 EPS, Q1 2023 earnings at $0.62 EPS, Q2 2023 earnings at $0.49 EPS, Q3 2023 earnings at $0.46 EPS, Q4 2023 earnings at $0.42 EPS and FY2023 earnings at $2.16 EPS.
Definity Financial (TSE:DFY – Get Rating) last posted its quarterly earnings data on Thursday, May 12th. The company reported C$0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.40 by C$0.15. The firm had revenue of C$790.30 million for the quarter.
Definity Financial Stock Up 2.7 %
TSE:DFY opened at C$39.08 on Friday. The stock’s fifty day moving average price is C$34.27 and its two-hundred day moving average price is C$31.94. Definity Financial has a 52-week low of C$26.00 and a 52-week high of C$39.43. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.28 and a current ratio of 0.34. The company has a market cap of C$4.53 billion and a price-to-earnings ratio of 24.84.
Definity Financial Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 28th. Investors of record on Wednesday, June 15th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Tuesday, June 14th. Definity Financial’s dividend payout ratio is currently 19.11%.
Definity Financial Company Profile
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 under the Economical brand name.
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