FirstService Corp (NASDAQ:FSV) (TSE:FSV) declared a quarterly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.15 per share by the financial services provider on Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, December 30th.
Shares of FSV stock traded up $0.20 on Wednesday, reaching $91.05. 635,972 shares of the company’s stock traded hands, compared to its average volume of 41,561. FirstService has a 12-month low of $64.87 and a 12-month high of $111.08. The company has a debt-to-equity ratio of 4.13, a quick ratio of 1.74 and a current ratio of 1.74. The company has a market capitalization of $3.57 billion, a P/E ratio of 50.58 and a beta of 0.82. The business’s 50 day moving average price is $93.42 and its two-hundred day moving average price is $97.72.
FirstService (NASDAQ:FSV) (TSE:FSV) last issued its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.13. FirstService had a positive return on equity of 26.02% and a negative net margin of 10.98%. The business had revenue of $672.30 million for the quarter, compared to the consensus estimate of $672.71 million. During the same quarter in the previous year, the company posted $0.89 earnings per share. FirstService’s revenue for the quarter was up 32.8% compared to the same quarter last year. Research analysts predict that FirstService will post 1.88 earnings per share for the current year.
FSV has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on FirstService from $110.00 to $106.00 and set a “sector perform” rating on the stock in a report on Thursday, October 24th. BidaskClub downgraded FirstService from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Zacks Investment Research downgraded FirstService from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 29th. Raymond James restated a “market perform” rating and issued a $95.00 target price on shares of FirstService in a research note on Friday, October 25th. Finally, TD Securities lowered their target price on FirstService from $110.00 to $105.00 and set a “hold” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $106.00.
FirstService Company Profile
FirstService Corporation, together with its subsidiaries, provides residential property services to residential and commercial customers in the United States and Canada. The company operates through two segments, FirstService Residential and FirstService Brands. The FirstService Residential segment provides property management 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.
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