Definity Financial (DFY) to Release Quarterly Earnings on Thursday

Definity Financial (TSE:DFY) is set to release its earnings data after the market closes on Thursday, November 7th. Analysts expect Definity Financial to post earnings of C$0.19 per share for the quarter.

Definity Financial Price Performance

DFY opened at C$54.16 on Wednesday. The firm has a market capitalization of C$6.22 billion, a PE ratio of 16.36, a P/E/G ratio of 2.63 and a beta of 0.04. Definity Financial has a 52 week low of C$35.48 and a 52 week high of C$55.86. The company has a fifty day moving average price of C$52.62 and a two-hundred day moving average price of C$48.09. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and upped their price target for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. National Bankshares boosted their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada boosted their price target on shares of Definity Financial from C$58.00 to C$61.00 in a research report on Friday, August 2nd. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, TD Securities increased their price target on shares of Definity Financial from C$52.00 to C$55.00 in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of C$53.70.

Definity Financial Company Profile

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.