FirstService (TSE:FSV) Sets New 12-Month High – Still a Buy?

FirstService Co. (TSE:FSV) (NASDAQ:FSV)’s stock price reached a new 52-week high on Thursday . The company traded as high as C$265.72 and last traded at C$258.78, with a volume of 65130 shares changing hands. The stock had previously closed at C$255.56.

FirstService Stock Performance

The business’s 50-day moving average is C$244.67 and its two-hundred day moving average is C$223.48. The company has a debt-to-equity ratio of 105.28, a quick ratio of 1.25 and a current ratio of 1.74. The stock has a market capitalization of C$11.87 billion, a PE ratio of 108.07, a price-to-earnings-growth ratio of 107.75 and a beta of 0.96.

FirstService (TSE:FSV) (NASDAQ:FSV) last posted its quarterly earnings data on Thursday, July 25th. The company reported C$1.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The firm had revenue of C$1.78 billion for the quarter, compared to analyst estimates of C$1.76 billion. FirstService had a net margin of 1.73% and a return on equity of 9.46%. As a group, equities research analysts anticipate that FirstService Co. will post 7.5161189 earnings per share for the current year.

FirstService Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Monday, September 30th were given a dividend of $0.337 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.35 annualized dividend and a dividend yield of ∞. FirstService’s payout ratio is currently 55.56%.

Insiders Place Their Bets

In other FirstService news, Director Erin Joy Wallace sold 11,500 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of C$174.35, for a total transaction of C$2,004,993.95. Insiders own 10.26% of the company’s stock.

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.