FirstService (TSE:FSV) Stock Passes Above 200-Day Moving Average of $168.37

FirstService Co. (TSE:FSV – Get Rating) (NASDAQ:FSV)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$168.37 and traded as high as C$188.09. FirstService shares last traded at C$182.13, with a volume of 61,524 shares traded.

Wall Street Analysts Forecast Growth

Separately, Scotiabank raised shares of FirstService to a “buy” rating and decreased their price target for the stock from C$148.00 to C$135.00 in a research note on Tuesday, September 27th.

FirstService Stock Down 2.8 %

The company has a debt-to-equity ratio of 82.78, a current ratio of 1.77 and a quick ratio of 1.25. The business’s 50 day simple moving average is C$170.96 and its 200 day simple moving average is C$168.37. The company has a market capitalization of C$8.05 billion and a PE ratio of 52.19.

FirstService (TSE:FSV – Get Rating) (NASDAQ:FSV) last issued its earnings results on Wednesday, October 26th. The company reported C$1.43 EPS for the quarter, missing analysts’ consensus estimates of C$1.46 by C($0.03). The business had revenue of C$1.25 billion for the quarter, compared to the consensus estimate of C$1.21 billion. As a group, analysts anticipate that FirstService Co. will post 6.4599998 earnings per share for the current fiscal year.

FirstService Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 6th. Stockholders of record on Friday, December 30th were paid a $0.276 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 0.61%. This is an increase from FirstService’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, December 29th. FirstService’s payout ratio is 22.64%.

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.