FirstService (FSV) Set to Announce Quarterly Earnings on Thursday

FirstService (NASDAQ:FSV) (TSE:FSV) will post its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect FirstService to post earnings of $1.34 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

FirstService (NASDAQ:FSV) (TSE:FSV) last released its earnings results on Thursday, July 25th. The financial services provider reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.10. FirstService had a return on equity of 15.60% and a net margin of 1.73%. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $1.37 EPS. The firm’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts expect FirstService to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

FirstService Stock Up 0.4 %

FSV stock opened at $187.69 on Thursday. FirstService has a twelve month low of $134.77 and a twelve month high of $189.89. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 1.23. The firm has a market cap of $8.44 billion, a PE ratio of 92.92 and a beta of 1.05. The business has a 50 day moving average of $178.19 and a 200 day moving average of $163.04.

FirstService Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Monday, September 30th. FirstService’s dividend payout ratio (DPR) is presently 49.50%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on FSV. Royal Bank of Canada lifted their target price on FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Scotiabank lifted their target price on FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research report on Tuesday. Finally, TD Securities lifted their target price on FirstService from $178.00 to $179.00 and gave the company a “buy” rating in a research report on Wednesday, September 11th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $191.17.

About FirstService

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.