Brokerages Expect FirstService Co. (NASDAQ:FSV) Will Post Earnings of $1.21 Per Share

Wall Street brokerages expect FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) to post $1.21 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for FirstService’s earnings. The lowest EPS estimate is $1.18 and the highest is $1.23. FirstService also posted earnings per share of $1.21 in the same quarter last year. The company is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that FirstService will report full-year earnings of $4.58 per share for the current financial year, with EPS estimates ranging from $4.42 to $4.67. For the next fiscal year, analysts anticipate that the company will post earnings of $5.01 per share, with EPS estimates ranging from $4.83 to $5.30. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover FirstService.

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last issued its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. FirstService had a return on equity of 16.68% and a net margin of 3.78%. During the same quarter in the previous year, the company earned $0.50 EPS.

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft initiated coverage on FirstService in a report on Tuesday, March 29th. They set a “hold” rating and a $143.00 price target on the stock. Raymond James lowered their target price on shares of FirstService from $200.00 to $175.00 and set an “outperform” rating for the company in a report on Thursday. TheStreet downgraded shares of FirstService from a “b-” rating to a “c” rating in a report on Wednesday, February 16th. Zacks Investment Research downgraded shares of FirstService from a “buy” rating to a “hold” rating in a research note on Monday, February 21st. Finally, StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research report on Saturday, April 2nd. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, FirstService currently has a consensus rating of “Hold” and a consensus price target of $174.17.

Large investors have recently modified their holdings of the company. Ontario Teachers Pension Plan Board lifted its holdings in shares of FirstService by 62.3% in the 3rd quarter. Ontario Teachers Pension Plan Board now owns 11,942 shares of the financial services provider’s stock worth $2,157,000 after buying an additional 4,586 shares during the period. Qube Research & Technologies Ltd raised its holdings in shares of FirstService by 36.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 5,266 shares of the financial services provider’s stock valued at $1,035,000 after acquiring an additional 1,410 shares in the last quarter. Jennison Associates LLC lifted its stake in FirstService by 253.7% in the third quarter. Jennison Associates LLC now owns 9,295 shares of the financial services provider’s stock worth $1,679,000 after acquiring an additional 6,667 shares during the period. Bank of Nova Scotia grew its holdings in FirstService by 486.9% during the 3rd quarter. Bank of Nova Scotia now owns 311,050 shares of the financial services provider’s stock worth $56,227,000 after acquiring an additional 258,049 shares in the last quarter. Finally, TD Asset Management Inc. grew its holdings in FirstService by 0.6% during the 3rd quarter. TD Asset Management Inc. now owns 281,732 shares of the financial services provider’s stock worth $50,912,000 after acquiring an additional 1,737 shares in the last quarter. 67.73% of the stock is currently owned by institutional investors and hedge funds.

Shares of FirstService stock opened at $124.89 on Monday. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 43.36 and a beta of 0.97. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a 50 day moving average price of $138.48 and a 200-day moving average price of $166.52. FirstService has a one year low of $121.51 and a one year high of $202.78.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 7th. Investors of record on Thursday, March 31st were paid a $0.2025 dividend. This represents a $0.81 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, March 30th. This is an increase from FirstService’s previous quarterly dividend of $0.18. FirstService’s dividend payout ratio (DPR) is currently 28.13%.

FirstService Company Profile (Get Rating)

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. The company operates in two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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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