FirstService (TSE:FSV) Sets New 12-Month High at $234.04

Shares of FirstService Co. (TSE:FSV) (NASDAQ:FSV) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as C$234.04 and last traded at C$234.04, with a volume of 2872 shares traded. The stock had previously closed at C$225.88.

FirstService Stock Up 4.6 %

The stock’s 50-day moving average price is C$209.03 and its two-hundred day moving average price is C$214.95. The stock has a market capitalization of C$10.63 billion, a P/E ratio of 82.14, a P/E/G ratio of 107.75 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 105.61.

FirstService (TSE:FSV) (NASDAQ:FSV) last released its quarterly earnings data on Wednesday, April 24th. The company reported C$0.75 EPS for the quarter, missing the consensus estimate of C$0.79 by C($0.04). The business had revenue of C$1.56 billion during the quarter, compared to the consensus estimate of C$1.53 billion. FirstService had a return on equity of 10.81% and a net margin of 2.03%. As a group, research analysts expect that FirstService Co. will post 6.5524661 earnings per share for the current fiscal year.

FirstService Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 28th were issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 0.58%. This is an increase from FirstService’s previous quarterly dividend of $0.34. The ex-dividend date was Friday, June 28th. FirstService’s dividend payout ratio (DPR) is presently 49.82%.

Insider Transactions at FirstService

In related news, Senior Officer Douglas G. Cooke sold 2,000 shares of FirstService stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$209.60, for a total value of C$419,200.00. In other FirstService news, Senior Officer Douglas G. Cooke sold 2,000 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were 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 business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of C$205.96, for a total transaction of C$226,556.00. In the last ninety days, insiders sold 3,250 shares of company stock valued at $676,679. Insiders own 10.29% of the company’s stock.

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.