FirstService (NASDAQ:FSV) Posts Quarterly Earnings Results, Beats Estimates By $0.21 EPS

FirstService (NASDAQ:FSV) (TSE:FSV) released its quarterly earnings data on Thursday. The financial services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.21, Briefing.com reports. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.32 billion. FirstService had a net margin of 1.73% and a return on equity of 15.60%. The firm’s quarterly revenue was up 25.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS.

FirstService Stock Up 0.0 %

Shares of FSV stock opened at $189.69 on Friday. The firm’s fifty day moving average price is $180.92 and its two-hundred day moving average price is $164.53. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 1.23. FirstService has a 1 year low of $134.77 and a 1 year high of $192.71. The firm has a market capitalization of $8.56 billion, a P/E ratio of 105.97 and a beta of 1.05.

FirstService Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 7th. Investors of record on Monday, September 30th were given a $0.25 dividend. 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 currently 55.87%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Royal Bank of Canada increased their price target on FirstService from $187.00 to $192.00 and gave the stock an “outperform” rating in a report on Friday, July 26th. Scotiabank increased their target price on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. StockNews.com raised shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday. TD Securities increased their price objective on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Finally, Stifel Nicolaus boosted their price objective on shares of FirstService from $200.00 to $215.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

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.