Definity Financial (DFY) Set to Announce Quarterly Earnings on Thursday

Definity Financial (TSE:DFY) will announce its earnings results after the market closes on Thursday, August 1st. Analysts expect the company to announce earnings of C$0.66 per share for the quarter.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.65 earnings per share for the quarter, missing the consensus estimate of C$0.72 by C($0.07). The firm had revenue of C$991.90 million during the quarter, compared to analyst estimates of C$1 billion. Definity Financial had a net margin of 8.94% and a return on equity of 12.27%.

Definity Financial Price Performance

DFY stock opened at C$48.02 on Friday. The company has a market capitalization of C$5.53 billion and a P/E ratio of 15.85. Definity Financial has a twelve month low of C$32.09 and a twelve month high of C$48.36. The business has a 50 day simple moving average of C$44.40 and a 200-day simple moving average of C$43.44. The company has a current ratio of 5.47, a quick ratio of 0.31 and a debt-to-equity ratio of 8.20.

Definity Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 27th. Stockholders of record on Thursday, June 13th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Thursday, June 13th. Definity Financial’s payout ratio is currently 21.12%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DFY shares. Jefferies Financial Group decreased their price target on Definity Financial from C$44.00 to C$43.00 and set a “hold” rating for the company in a report on Monday, May 13th. Raymond James increased their price target on Definity Financial from C$46.00 to C$52.50 and gave the stock an “outperform” rating in a report on Monday, May 13th. BMO Capital Markets increased their price target on Definity Financial from C$44.00 to C$48.00 and gave the stock a “market perform” rating in a report on Monday, May 13th. National Bankshares increased their price target on Definity Financial from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. Finally, Desjardins increased their price target on Definity Financial from C$45.00 to C$47.00 and gave the stock a “hold” rating in a report on Tuesday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Definity Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$50.05.

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.