Zacks: Analysts Anticipate FirstService Co. (NASDAQ:FSV) to Post $1.21 EPS

Equities analysts expect FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) to report earnings per share of $1.21 for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for FirstService’s earnings, with the lowest EPS estimate coming in at $1.18 and the highest estimate coming in at $1.23. FirstService also posted earnings per share of $1.21 during the same quarter last year. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

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

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last released its earnings results on Wednesday, April 27th. The financial services provider reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.02. FirstService had a net margin of 3.78% and a return on equity of 16.68%. During the same quarter in the prior year, the firm posted $0.50 earnings per share.

A number of analysts have commented on FSV shares. TD Securities cut their price target on shares of FirstService from $170.00 to $145.00 and set a “hold” rating on the stock in a research report on Friday. Raymond James cut their target price on FirstService from $200.00 to $175.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com downgraded FirstService from a “buy” rating to a “hold” rating in a report on Saturday, April 2nd. TheStreet cut FirstService from a “b-” rating to a “c” rating in a report on Wednesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of FirstService in a research report on Tuesday, March 29th. They set a “hold” rating and a $143.00 price objective for the company. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $174.17.

FSV opened at $124.89 on Monday. FirstService has a twelve month low of $121.51 and a twelve month high of $202.78. The company has a fifty day moving average of $138.48 and a 200-day moving average of $166.52. The stock has a market cap of $5.52 billion, a PE ratio of 43.36 and a beta of 0.97. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.82.

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

A number of hedge funds have recently made changes to their positions in FSV. Morgan Stanley raised its holdings in shares of FirstService by 10.9% in the 2nd quarter. Morgan Stanley now owns 127,491 shares of the financial services provider’s stock worth $21,834,000 after acquiring an additional 12,560 shares during the last quarter. Raymond James & Associates increased its holdings in FirstService by 6.9% during the 3rd quarter. Raymond James & Associates now owns 61,142 shares of the financial services provider’s stock worth $11,038,000 after purchasing an additional 3,922 shares in the last quarter. Deutsche Bank AG raised its stake in shares of FirstService by 1.2% in the third quarter. Deutsche Bank AG now owns 57,409 shares of the financial services provider’s stock worth $10,360,000 after purchasing an additional 696 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of FirstService by 20.2% in the third quarter. Advisor Group Holdings Inc. now owns 7,769 shares of the financial services provider’s stock valued at $1,403,000 after purchasing an additional 1,306 shares in the last quarter. Finally, Mufg Securities Canada LTD. purchased a new position in shares of FirstService during the third quarter valued at approximately $3,773,000. Institutional investors and hedge funds own 67.73% of the company’s stock.

About FirstService (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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