Analysts Anticipate FirstService Co. (NASDAQ:FSV) to Post $1.17 Earnings Per Share

Brokerages forecast that FirstService Co. (NASDAQ:FSVGet Rating) (TSE:FSV) will announce $1.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for FirstService’s earnings, with estimates ranging from $1.12 to $1.21. FirstService reported earnings of $1.21 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is scheduled to announce its next earnings report on Monday, January 1st.

On average, analysts expect that FirstService will report full year earnings of $4.59 per share for the current financial year, with EPS estimates ranging from $4.46 to $4.67. For the next year, analysts expect that the business will report earnings of $5.01 per share, with EPS estimates ranging from $4.85 to $5.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for FirstService.

FirstService (NASDAQ:FSVGet Rating) (TSE:FSV) last issued its quarterly earnings results on Wednesday, April 27th. The financial services provider reported $0.73 EPS for the quarter, beating the consensus estimate of $0.71 by $0.02. FirstService had a return on equity of 16.37% and a net margin of 3.78%. During the same quarter in the previous year, the firm earned $0.50 earnings per share.

Several research firms have issued reports on FSV. TD Securities dropped their price objective on FirstService from $170.00 to $145.00 and set a “hold” rating on the stock in a research note on Friday, April 29th. StockNews.com lowered FirstService from a “buy” rating to a “hold” rating in a research note on Saturday, April 2nd. Raymond James dropped their price objective on FirstService from $200.00 to $175.00 and set an “outperform” rating on the stock in a research note on Thursday, April 28th. TheStreet lowered FirstService from a “b-” rating to a “c” rating in a research note on Wednesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft began coverage on FirstService in a research note on Tuesday, March 29th. They set a “hold” rating and a $143.00 target price on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $174.17.

NASDAQ:FSV traded up $0.50 on Friday, hitting $120.67. The company’s stock had a trading volume of 46,206 shares, compared to its average volume of 93,963. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.83. The stock has a fifty day moving average of $133.26 and a two-hundred day moving average of $158.65. The firm has a market capitalization of $5.33 billion, a P/E ratio of 41.90 and a beta of 1.02. FirstService has a one year low of $115.33 and a one year high of $202.78.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Stockholders of record on Thursday, June 30th will be paid a dividend of $0.2025 per share. The ex-dividend date is Wednesday, June 29th. This represents a $0.81 dividend on an annualized basis and a dividend yield of 0.67%. FirstService’s dividend payout ratio (DPR) is currently 28.13%.

A number of institutional investors have recently bought and sold shares of the business. Durable Capital Partners LP increased its stake in FirstService by 7.6% during the 1st quarter. Durable Capital Partners LP now owns 3,391,256 shares of the financial services provider’s stock worth $491,325,000 after acquiring an additional 238,980 shares during the period. The Manufacturers Life Insurance Company increased its stake in FirstService by 35.9% during the 1st quarter. The Manufacturers Life Insurance Company now owns 3,327,092 shares of the financial services provider’s stock worth $482,029,000 after acquiring an additional 879,160 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of FirstService by 24.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,149,802 shares of the financial services provider’s stock valued at $492,304,000 after purchasing an additional 421,424 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of FirstService by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 1,404,194 shares of the financial services provider’s stock valued at $203,439,000 after purchasing an additional 7,172 shares in the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in shares of FirstService by 5.4% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,315,167 shares of the financial services provider’s stock valued at $190,541,000 after purchasing an additional 66,824 shares in the last quarter. Hedge funds and other institutional investors 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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