FirstService (NASDAQ:FSV) Releases Earnings Results

FirstService (NASDAQ:FSV) (TSE:FSV) posted its quarterly earnings results on Thursday. The financial services provider reported $1.36 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.10, Briefing.com reports. FirstService had a return on equity of 15.80% and a net margin of 1.73%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm earned $1.37 EPS. FirstService’s revenue was up 15.9% on a year-over-year basis.

FirstService Trading Up 0.7 %

Shares of FirstService stock traded up $1.26 during trading on Friday, hitting $175.63. The company’s stock had a trading volume of 119,650 shares, compared to its average volume of 97,894. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 86.95 and a beta of 1.05. FirstService has a 52 week low of $134.77 and a 52 week high of $177.46. The stock has a 50-day moving average price of $153.93 and a two-hundred day moving average price of $158.32. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.00 and a quick ratio of 2.00.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Friday, June 28th. FirstService’s payout ratio is currently 49.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on FSV. Royal Bank of Canada increased their target price on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday. Scotiabank increased their price objective on shares of FirstService from $170.00 to $175.00 and gave the company a “sector perform” rating in a research note on Friday, July 12th. Finally, BMO Capital Markets raised their target price on shares of FirstService from $193.00 to $196.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, FirstService has an average rating of “Moderate Buy” and a consensus price target of $188.60.

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.