FirstService (TSE:FSV) Reaches New 12-Month High – Here’s What Happened

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$252.16 and last traded at C$252.04, with a volume of 47301 shares trading hands. The stock had previously closed at C$246.00.

FirstService Trading Up 3.0 %

The company has a market capitalization of C$11.40 billion, a price-to-earnings ratio of 102.22, a P/E/G ratio of 107.75 and a beta of 0.96. The company has a 50-day moving average price of C$240.24 and a 200-day moving average price of C$221.18. The company has a quick ratio of 1.25, a current ratio of 1.74 and a debt-to-equity ratio of 105.28.

FirstService (TSE:FSV) (NASDAQ:FSV) last issued its quarterly earnings results on Thursday, July 25th. The company reported C$1.71 earnings per share (EPS) for the quarter, beating 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 company had revenue of C$1.78 billion for the quarter, compared to the consensus estimate of C$1.76 billion. Research analysts predict that FirstService Co. will post 7.5161189 EPS for the current fiscal year.

FirstService Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a dividend of $0.337 per share. This represents a $1.35 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, September 27th. FirstService’s dividend payout ratio (DPR) is presently 55.56%.

Insider Buying and Selling

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

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.