Definity Financial (DFY) Set to Release 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 project that Definity Financial will report earnings of C$0.19 per share for the quarter.

Current Stock Overview

The stock opened at C$54.02 on Tuesday. Currently, Definity Financial's fifty-day moving average price is C$52.62, while its two-hundred-day moving average sits at C$48.09. The company'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 reached a low of C$35.48 and a high of C$55.86. Definity Financial boasts a market capitalization of C$6.21 billion, a P/E ratio of 16.32, and a P/E/G ratio of 2.63, with a beta of 0.04.

Analysts' Outlook on Definity Financial

Several analysts have shared their insights regarding DFY shares. TD Securities recently raised their price target on Definity Financial from C$52.00 to C$55.00 in a report published on September 20th. Similarly, the Royal Bank of Canada increased its price target from C$58.00 to C$61.00 on August 2nd. However, Cibc World Markets downgraded Definity Financial from a “strong-buy” rating to a “hold” rating on August 6th. On the same date, CIBC revised its rating from “outperform” to “neutral,” adjusting their target price from C$47.00 to C$51.00. Desjardins also increased its target price from C$47.00 to C$52.00, adding a “hold” rating to the company. Currently, seven research analysts have labeled the stock as a hold, while four have given it a buy rating. According to MarketBeat.com data, Definity Financial has an average rating of “Hold” and a consensus target price of C$53.70.

About Definity Financial

Definity Financial Corporation, along with its subsidiaries, offers a range of property and casualty insurance products in Canada. Its personal insurance offerings include auto, property, general and umbrella liability, and pet insurance products marketed under the Economical, Sonnet, Family, Petsecure, and Peppermint brands. For businesses, it provides commercial insurance products such as fleet, commercial auto, property, liability, and specialty insurance under the Definity Insurance and Economical brand names.

Definity, Financial, Earnings