FirstService (FSV) Scheduled to Post Quarterly Earnings on Thursday

FirstService (TSE:FSV) (NASDAQ:FSV) is scheduled to be announcing its earnings results before the market opens on Thursday, July 25th. Analysts expect the company to announce earnings of C$1.59 per share for the quarter.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings data on Wednesday, April 24th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.79 by C($0.04). FirstService had a return on equity of 10.81% and a net margin of 2.03%. The business had revenue of C$1.56 billion for the quarter, compared to analyst estimates of C$1.53 billion.

FirstService Price Performance

FSV stock opened at C$228.71 on Wednesday. FirstService has a 52-week low of C$187.25 and a 52-week high of C$231.73. The stock’s fifty day simple moving average is C$208.57 and its 200-day simple moving average is C$214.87. The company has a quick ratio of 1.25, a current ratio of 1.84 and a debt-to-equity ratio of 105.61. The stock has a market capitalization of C$10.29 billion, a price-to-earnings ratio of 83.17, a price-to-earnings-growth ratio of 107.75 and a beta of 0.92.

FirstService Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were issued a dividend of $0.345 per share. This is a boost from FirstService’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, June 28th. This represents a $1.38 annualized dividend and a dividend yield of 0.60%. FirstService’s dividend payout ratio (DPR) is 49.82%.

Insider Transactions at FirstService

In related news, Senior Officer Douglas G. Cooke sold 2,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of C$209.60, for a total value of C$419,200.00. In related news, Senior Officer Douglas G. Cooke sold 2,000 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of C$209.60, for a total value of C$419,200.00. Also, Director Joan Eloise Sproul sold 1,100 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of C$205.96, for a total value of C$226,556.00. Insiders have sold 3,250 shares of company stock worth $676,679 over the last quarter. 10.29% of the stock is currently owned by insiders.

About FirstService

FirstService Corporation, together with its subsidiaries, provides residential property management and other essential property services to residential and commercial customers in the United States and Canada. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers services for private residential communities, such as condominiums, co-operatives, homeowner associations, master-planned communities, active adult and lifestyle communities, and various other residential developments.