Definity Financial (DFY) Earnings Report Scheduled for Thursday

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

Definity Financial Stock Performance

As for Definity Financial's stock performance, it opened at C$54.02 on Tuesday. The company's fifty-day moving average stands at C$52.62, while its two-hundred-day moving average is C$48.09. Notably, Definity Financial has a debt-to-equity ratio of 6.38. Its current ratio is 7.68, and the quick ratio is 0.31. Over the past year, the stock hit 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 price-to-earnings ratio (P/E) of 16.32, and a price-to-earnings growth ratio (P/E/G) of 2.63. The stock has a beta of 0.04, indicating low volatility.

Analysts' Outlook on Definity Financial

Several equity analysts have recently issued their perspectives on Definity Financial's stock. TD Securities raised its price target for the company from C$52.00 to C$55.00 in a research report dated September 20th. Similarly, the Royal Bank of Canada increased its target from C$58.00 to C$61.00 in early August. In contrast, CIBC World Markets adjusted its rating from "strong-buy" to "hold" on August 6th, while also increasing the target price from C$47.00 to C$51.00. Moreover, Desjardins lifted the target price from C$47.00 to C$52.00, maintaining a "hold" rating. Currently, seven research analysts have rated the stock as a hold, while four have bought the stock. MarketBeat.com indicates that the average rating for Definity Financial is "Hold," with a consensus target price of C$53.70.

About Definity Financial

Definity Financial Corporation, along with its subsidiaries, provides property and casualty insurance products throughout Canada. It offers personal insurance options, such as auto, property, general liability, and pet insurance, through various brands including Economical, Sonnet, Family, Petsecure, and Peppermint. Additionally, the company provides commercial insurance products, including fleet, commercial auto, property, liability, and specialty insurance under the Definity Insurance and Economical brand names.

Earnings, Stocks, Finance