FirstService (NASDAQ:FSV) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS

FirstService (NASDAQ:FSV) (TSE:FSV) announced its quarterly earnings data on Thursday. The financial services provider reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.05, Briefing.com reports. FirstService had a return on equity of 18.07% and a net margin of 2.88%. The company’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.76 EPS.

FirstService Stock Performance

NASDAQ:FSV opened at $144.45 on Thursday. The firm has a market cap of $6.31 billion, a PE ratio of 41.05, a price-to-earnings-growth ratio of 3.07 and a beta of 0.95. FirstService has a fifty-two week low of $119.41 and a fifty-two week high of $189.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.63 and a current ratio of 1.63. The business has a 50 day moving average price of $135.57 and a 200-day moving average price of $138.69.

FirstService Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 7th. Shareholders of record on Wednesday, September 30th were given a $0.3050 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $1.22 annualized dividend and a yield of 0.8%. FirstService’s payout ratio is presently 34.56%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Canadian Imperial Bank of Commerce set a $170.00 target price on FirstService in a research note on Thursday, October 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of FirstService in a research report on Wednesday, August 26th. Wall Street Zen lowered shares of FirstService from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. TD boosted their price objective on shares of FirstService from $204.00 to $207.00 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, BMO Capital Markets cut their price objective on shares of FirstService from $199.00 to $192.00 and set an “outperform” rating for the company in a research note on Friday, July 24th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, FirstService presently has a consensus rating of “Moderate Buy” and a consensus target price of $183.70.

FirstService Company Profile

FirstService Corporation is a Canadian provider of property management and property services serving customers primarily in the United States and Canada. The company operates through two main businesses: FirstService Residential and FirstService Brands.

FirstService Residential provides property management services for condominium and homeowners’ associations, cooperatives, and other residential communities. Its services include community administration, financial management, maintenance coordination, customer support, and related operational services.

FirstService Brands operates and supports a network of property-service businesses, including companies involved in property restoration, painting, flooring, window treatments, and other residential and commercial services.