FY2025 EPS Estimates for FirstService Lowered by Scotiabank

FirstService Corporation (NASDAQ:FSV) (TSE:FSV) – Analysts at Scotiabank dropped their FY2025 earnings per share (EPS) estimates for shares of FirstService in a research note issued to investors on Friday, January 23rd. Scotiabank analyst H. Gupta now expects that the financial services provider will post earnings per share of $5.30 for the year, down from their prior forecast of $5.34. Scotiabank has a “Sector Outperform” rating and a $205.00 price target on the stock. The consensus estimate for FirstService’s current full-year earnings is $5.27 per share. Scotiabank also issued estimates for FirstService’s FY2026 earnings at $5.70 EPS.

FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.76. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.47 billion. FirstService had a net margin of 2.53% and a return on equity of 17.98%. The business’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 earnings per share.

A number of other research firms have also weighed in on FSV. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of FirstService in a research report on Monday, December 22nd. Stifel Nicolaus cut their price target on FirstService from $230.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, October 27th. TD Securities reduced their price target on FirstService from $213.00 to $211.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Raymond James Financial decreased their price objective on FirstService from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, October 27th. Finally, BMO Capital Markets set a $209.00 target price on shares of FirstService and gave the stock an “outperform” rating in a research note on Friday, October 24th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.83.

FirstService Price Performance

FirstService stock opened at $160.03 on Monday. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.90. FirstService has a 52-week low of $147.23 and a 52-week high of $209.66. The firm has a market cap of $7.32 billion, a PE ratio of 52.99, a price-to-earnings-growth ratio of 2.77 and a beta of 1.06. The company’s 50 day moving average is $155.53 and its two-hundred day moving average is $175.62.

Hedge Funds Weigh In On FirstService

Hedge funds have recently added to or reduced their stakes in the stock. JPL Wealth Management LLC acquired a new position in shares of FirstService in the 3rd quarter valued at $26,000. Geneos Wealth Management Inc. raised its stake in FirstService by 63.7% during the 2nd quarter. Geneos Wealth Management Inc. now owns 203 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 79 shares in the last quarter. Strs Ohio purchased a new stake in FirstService in the first quarter valued at $38,000. EverSource Wealth Advisors LLC boosted its stake in FirstService by 400.0% in the second quarter. EverSource Wealth Advisors LLC now owns 365 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 292 shares in the last quarter. Finally, Spire Wealth Management grew its holdings in shares of FirstService by 300.0% during the third quarter. Spire Wealth Management now owns 400 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 300 shares during the last quarter. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

FirstService Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Wednesday, December 31st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Wednesday, December 31st. FirstService’s dividend payout ratio is 36.42%.

About FirstService

FirstService Corporation, founded in 1989 and headquartered in Toronto, Ontario, is a leading provider of property services in North America. The company operates through two principal segments—FirstService Residential and FirstService Brands—offering a broad range of services to residential, commercial and homeowner association clients.

FirstService Residential delivers community management, financial oversight and consulting services to thousands of residential communities across the United States and Canada.