Stifel Canada Raises Earnings Estimates for FirstService

FirstService Co. (TSE:FSV) (NASDAQ:FSV) – Analysts at Stifel Canada boosted their FY2024 EPS estimates for FirstService in a report released on Sunday, January 26th. Stifel Canada analyst D. Young now expects that the company will post earnings of $6.62 per share for the year, up from their previous estimate of $6.39. The consensus estimate for FirstService’s current full-year earnings is $7.52 per share. Stifel Canada also issued estimates for FirstService’s Q4 2024 earnings at $1.78 EPS.

Separately, TD Securities increased their price target on FirstService from C$182.00 to C$194.00 and gave the company a “hold” rating in a research report on Monday, October 28th.

FirstService Stock Performance

FSV opened at C$267.43 on Tuesday. 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 firm has a market cap of C$12.04 billion, a PE ratio of 110.05, a P/E/G ratio of 107.75 and a beta of 0.96. The business has a fifty day simple moving average of C$264.63 and a 200-day simple moving average of C$249.26. FirstService has a fifty-two week low of C$193.77 and a fifty-two week high of C$278.19.

Insider Buying and Selling

In other FirstService news, Senior Officer Douglas G. Cooke sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$262.70, for a total value of C$1,313,500.00. Also, Director Erin Joy Wallace sold 4,425 shares of the stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of C$272.31, for a total transaction of C$1,204,982.02. Over the last quarter, insiders have sold 14,225 shares of company stock worth $3,777,120. Insiders own 10.26% of the company’s stock.

About FirstService

FirstService Corp operates in two business divisions: FirstService Residential and FirstService Brands. FirstService Residential has service contracts to manage thousands of residential communities, including high-, medium-, and low-rise condominiums and co-operatives, and generates most of the company’s revenue.