FirstService (TSE:FSV) Stock Passes Below 200-Day Moving Average of $214.47

FirstService Co. (TSE:FSV) (NASDAQ:FSV) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$214.47 and traded as low as C$206.40. FirstService shares last traded at C$208.20, with a volume of 38,229 shares trading hands.

FirstService Price Performance

The company has a current ratio of 1.84, a quick ratio of 1.25 and a debt-to-equity ratio of 105.61. The stock has a market cap of C$9.59 billion, a PE ratio of 77.51, a P/E/G ratio of 107.75 and a beta of 0.92. The company’s 50 day moving average is C$204.62 and its 200-day moving average is C$214.45.

FirstService (TSE:FSV) (NASDAQ:FSV) last announced its earnings results on Wednesday, April 24th. The company reported C$0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of C$1.53 billion. As a group, sell-side analysts predict that FirstService Co. will post 6.5524661 earnings per share for the current year.

FirstService Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.345 per share. This is a boost from FirstService’s previous quarterly dividend of $0.34. This represents a $1.38 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Friday, June 28th. FirstService’s dividend payout ratio is 49.82%.

Insider Buying and Selling

In other FirstService news, Senior Officer Douglas G. Cooke sold 2,000 shares of the stock in a transaction on Monday, June 17th. The shares were sold at an average price of C$209.60, for a total transaction of C$419,200.00. In related news, Director Joan Eloise Sproul sold 1,100 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of C$205.96, for a total transaction of C$226,556.00. Also, Senior Officer Douglas G. Cooke sold 2,000 shares of the firm’s 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. Over the last quarter, insiders sold 3,250 shares of company stock worth $676,679. Insiders own 10.29% of the company’s stock.

FirstService Company Profile

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.