FirstService (NASDAQ:FSV) (TSE:FSV) will be posting its quarterly earnings results before the market opens on Wednesday, October 23rd. Analysts expect FirstService to post earnings of $0.79 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.31. FirstService had a positive return on equity of 28.17% and a negative net margin of 11.58%. The business had revenue of $573.90 million during the quarter, compared to analyst estimates of $550.77 million. During the same quarter in the prior year, the business posted $0.86 EPS. FirstService’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect FirstService to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of FSV stock opened at $104.74 on Monday. FirstService has a 52-week low of $64.87 and a 52-week high of $111.08. The company has a debt-to-equity ratio of 4.32, a quick ratio of 1.46 and a current ratio of 1.46. The firm has a market capitalization of $4.09 billion, a PE ratio of 58.19 and a beta of 0.84. The stock has a fifty day simple moving average of $102.21 and a two-hundred day simple moving average of $96.65.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were paid a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 0.57%. FirstService’s payout ratio is presently 33.33%.
A number of equities research analysts have issued reports on FSV shares. Zacks Investment Research lowered FirstService from a “buy” rating to a “hold” rating in a research note on Wednesday, October 16th. TheStreet lowered FirstService from a “b” rating to a “c” rating in a research note on Thursday, July 25th. Raymond James increased their price target on FirstService from $95.00 to $105.00 and gave the stock a “market perform” rating in a research note on Thursday, July 25th. Royal Bank of Canada increased their price target on FirstService from $102.00 to $110.00 and gave the stock a “sector perform” rating in a research note on Thursday, July 25th. Finally, ValuEngine lowered FirstService from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eight research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus target price of $108.80.
FirstService Company Profile
FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.
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