FirstService (FSV) to Release Quarterly Earnings on Thursday

FirstService (TSE:FSV) (NASDAQ:FSV) is set to issue its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of C$1.85 per share for the quarter.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings results on Thursday, July 25th. The company reported C$1.71 EPS for the quarter, topping the consensus estimate of C$1.58 by C$0.13. FirstService had a return on equity of 9.46% and a net margin of 1.73%. The business had revenue of C$1.78 billion for the quarter, compared to analyst estimates of C$1.76 billion.

FirstService Stock Up 0.1 %

TSE FSV opened at C$258.03 on Thursday. FirstService has a 52 week low of C$187.25 and a 52 week high of C$261.66. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28. The business’s fifty day simple moving average is C$241.96 and its 200-day simple moving average is C$222.13. The firm has a market cap of C$11.62 billion, a PE ratio of 106.19, a P/E/G ratio of 107.75 and a beta of 0.96.

FirstService Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were issued a $0.337 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.35 annualized dividend and a yield of 0.52%. FirstService’s dividend payout ratio (DPR) is currently 55.56%.

Insider Activity at FirstService

In related news, Director Erin Joy Wallace sold 11,500 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total value of C$2,004,993.95. 10.26% of the stock is owned by insiders.

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.