FirstService Co. (FSV) To Go Ex-Dividend on September 27th

FirstService Co. (NASDAQ:FSV) (TSE:FSV) announced a quarterly dividend on Tuesday, September 10th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.25 per share by the financial services provider on Monday, October 7th. This represents a $1.00 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date is Friday, September 27th.

FirstService has increased its dividend by an average of 10.9% annually over the last three years. FirstService has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FirstService to earn $5.11 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 19.6%.

FirstService Stock Performance

FSV stock opened at $183.13 on Wednesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 1.84 and a quick ratio of 1.84. FirstService has a 1-year low of $134.77 and a 1-year high of $183.46. The business has a 50-day moving average price of $174.54 and a 200 day moving average price of $161.49. The company has a market capitalization of $8.24 billion, a P/E ratio of 90.66 and a beta of 1.05.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.10. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The company’s revenue was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.37 EPS. As a group, equities research analysts forecast that FirstService will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

FSV has been the subject of several recent research reports. BMO Capital Markets boosted their price target on FirstService from $193.00 to $196.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Scotiabank increased their price target on shares of FirstService from $175.00 to $190.00 and gave the company a “sector perform” rating in a research report on Monday, July 29th. Royal Bank of Canada lifted their price objective on shares of FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a research report on Friday, July 26th. Finally, TD Securities increased their target price on shares of FirstService from $178.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $189.50.

FirstService Company Profile

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. It operates through two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment offers 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.