According to Zacks, “FirstService Corporation offers property services to commercial, institutional and residential customers primarily in North America and internationally. Its operating segment consists of Commercial Real Estate Services, Residential Real Estate Services and Property Services. FirstService Corporation is headquartered in Toronto, Canada. “
FSV has been the subject of several other reports. RBC Capital Markets assumed coverage on shares of FirstService Corp. in a research report on Tuesday, September 20th. They set an outperform rating for the company. Royal Bank Of Canada assumed coverage on shares of FirstService Corp. in a research report on Tuesday, September 20th. They set an outperform rating and a $56.00 target price for the company. Finally, Raymond James Financial Inc. downgraded shares of FirstService Corp. from an outperform rating to a market perform rating in a research report on Tuesday, June 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $45.67.
FirstService Corp. (NASDAQ:FSV) opened at 46.68 on Wednesday. FirstService Corp. has a 12-month low of $31.56 and a 12-month high of $53.15. The firm has a market cap of $1.68 billion, a P/E ratio of 59.69 and a beta of 0.59. The firm’s 50-day moving average price is $48.47 and its 200 day moving average price is $45.81.
FirstService Corp. (NASDAQ:FSV) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 earnings per share for the quarter, meeting the consensus estimate of $0.52. FirstService Corp. had a net margin of 2.09% and a return on equity of 19.20%. The firm had revenue of $385.10 million for the quarter, compared to analyst estimates of $386.29 million. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts forecast that FirstService Corp. will post $1.54 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Shareholders of record on Friday, September 30th will be given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Wednesday, September 28th. FirstService Corp.’s payout ratio is 56.41%.
A number of large investors have recently modified their holdings of FSV. Royce & Associates LP increased its stake in shares of FirstService Corp. by 534.0% in the first quarter. Royce & Associates LP now owns 190,200 shares of the company’s stock worth $7,787,000 after buying an additional 160,200 shares during the last quarter. BB&T Securities LLC increased its position in FirstService Corp. by 5.4% in the first quarter. BB&T Securities LLC now owns 13,397 shares of the company’s stock worth $548,000 after buying an additional 687 shares in the last quarter. PCJ Investment Counsel Ltd. increased its position in FirstService Corp. by 5.5% in the first quarter. PCJ Investment Counsel Ltd. now owns 16,610 shares of the company’s stock worth $685,000 after buying an additional 860 shares in the last quarter. Geode Capital Management LLC increased its position in FirstService Corp. by 7.4% in the first quarter. Geode Capital Management LLC now owns 14,087 shares of the company’s stock worth $578,000 after buying an additional 965 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in FirstService Corp. by 10.4% in the first quarter. Renaissance Technologies LLC now owns 552,138 shares of the company’s stock worth $22,606,000 after buying an additional 51,917 shares in the last quarter. 55.07% of the stock is owned by institutional investors and hedge funds.
FirstService Corp. Company Profile
FirstService Corporation is a provider of residential property management and other essential property services to residential and commercial customers. The Company’s operations are conducted in two segments: FirstService Residential and FirstService Brands. FirstService Residential is a property manager and provides a range of ancillary services primarily in various areas, including on-site staffing, including building engineering and maintenance, full-service amenity management, security, concierge and front desk personnel, and landscaping; banking and insurance products, and energy conservation and management solutions.
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