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

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

Definity Financial Stock Overview

The stock of Definity Financial opened at C$54.02 on Tuesday. Currently, the firm has a fifty-day moving average price of C$52.62 and a two-hundred-day moving average price of C$48.09. Definity Financial has a debt-to-equity ratio of 6.38, a current ratio of 7.68, and a quick ratio of 0.31. The company’s shares have seen a fifty-two week low of C$35.48 and a fifty-two week high of C$55.86. As of now, the company boasts 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 Insights on Definity Financial

Several analysts have provided their outlooks on the shares of Definity Financial. For instance, TD Securities recently increased their price target from C$52.00 to C$55.00 in a report dated September 20th. Similarly, Royal Bank of Canada raised their target from C$58.00 to C$61.00 on August 2nd. Conversely, Cibc World Markets downgraded the stock from a “strong-buy” to a “hold” rating on August 6th. Also on August 6th, CIBC changed its rating from “outperform” to “neutral” and revised their price target from C$47.00 to C$51.00. Furthermore, Desjardins elevated their target price from C$47.00 to C$52.00 while maintaining a “hold” rating. In total, seven research analysts consider the stock a “hold” while four have a “buy” rating. As per MarketBeat.com, Definity Financial holds an average rating of “Hold” with a consensus target price of C$53.70.

Company Overview

Definity Financial Corporation, along with its subsidiaries, provides property and casualty insurance products throughout Canada. The company offers personal insurance products, which include auto, property, general and umbrella liability, and pet insurance products to individual customers under various brand names, including Economical, Sonnet, Family, Petsecure, and Peppermint. Additionally, it provides commercial insurance products, encompassing fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.

Earnings, Stocks, Finance