Stifel Canada Forecasts Stronger Earnings for FirstService

FirstService Co. (NASDAQ:FSV) (TSE:FSV) – Investment analysts at Stifel Canada lifted their FY2025 earnings per share estimates for shares of FirstService in a note issued to investors on Monday, January 13th. Stifel Canada analyst D. Young now anticipates that the financial services provider will post earnings of $5.18 per share for the year, up from their prior estimate of $5.07. The consensus estimate for FirstService’s current full-year earnings is $4.58 per share.

Several other equities analysts have also weighed in on the stock. TD Securities lifted their target price on shares of FirstService from $179.00 to $182.00 and gave the company a “hold” rating in a report on Thursday, October 17th. Stifel Nicolaus lifted their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a report on Monday, October 21st. Scotiabank increased their target price on shares of FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Finally, StockNews.com upgraded FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $198.33.

FirstService Stock Up 1.0 %

FirstService stock opened at $177.06 on Wednesday. FirstService has a 52 week low of $141.26 and a 52 week high of $197.84. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 73.78 and a beta of 1.06. The business’s 50-day moving average price is $186.25 and its 200 day moving average price is $179.31. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.21. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the firm earned $1.18 EPS. The firm’s revenue for the quarter was up 25.0% compared to the same quarter last year.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.56%. FirstService’s payout ratio is currently 41.67%.

Institutional Trading of FirstService

Institutional investors have recently made changes to their positions in the company. DekaBank Deutsche Girozentrale boosted its stake in FirstService by 13.5% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 6,856 shares of the financial services provider’s stock worth $1,029,000 after purchasing an additional 816 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its position in FirstService by 3.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 12,106 shares of the financial services provider’s stock worth $1,845,000 after acquiring an additional 430 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in FirstService by 8.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 193,129 shares of the financial services provider’s stock valued at $29,427,000 after acquiring an additional 14,579 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in FirstService by 0.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 128,503 shares of the financial services provider’s stock valued at $19,580,000 after acquiring an additional 376 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in FirstService by 1.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 164,183 shares of the financial services provider’s stock worth $25,017,000 after purchasing an additional 3,048 shares in the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.

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.