FirstService Corp. (NASDAQ:FSV) announced a quarterly dividend on Monday, September 19th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.11 per share on Friday, October 7th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date of this dividend is Wednesday, September 28th.
Shares of FirstService Corp. (NASDAQ:FSV) opened at 47.90 on Tuesday. The stock’s 50 day moving average price is $49.07 and its 200-day moving average price is $45.70. The company has a market cap of $1.72 billion, a P/E ratio of 61.25 and a beta of 0.57. FirstService Corp. has a 12 month low of $31.37 and a 12 month high of $53.15.
FirstService Corp. (NASDAQ:FSV) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.52 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.52. The firm had revenue of $385.10 million for the quarter, compared to the consensus estimate of $386.29 million. FirstService Corp. had a return on equity of 19.20% and a net margin of 2.09%. The company’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 earnings per share. Equities research analysts expect that FirstService Corp. will post $1.55 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Toronto Dominion Bank increased its position in FirstService Corp. by 2.0% in the second quarter. Toronto Dominion Bank now owns 41,236 shares of the company’s stock worth $1,886,000 after buying an additional 806 shares in the last quarter. Parametric Portfolio Associates LLC purchased a new position in FirstService Corp. during the second quarter worth $227,000. Jacobson & Schmitt Advisors LLC increased its position in FirstService Corp. by 0.8% in the second quarter. Jacobson & Schmitt Advisors LLC now owns 103,764 shares of the company’s stock worth $4,756,000 after buying an additional 804 shares in the last quarter. Mackenzie Financial Corp purchased a new position in FirstService Corp. during the second quarter worth $8,952,000. Finally, Counsel Portfolio Services Inc. purchased a new position in FirstService Corp. during the second quarter worth $3,229,000. 55.07% of the stock is currently owned by institutional investors.
A number of research analysts have recently issued reports on the company. Zacks Investment Research downgraded FirstService Corp. from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 2nd. Raymond James Financial Inc. downgraded FirstService Corp. from an “outperform” rating to a “market perform” rating in a report on Tuesday, June 7th. RBC Capital Markets assumed coverage on FirstService Corp. in a report on Tuesday, September 20th. They set an “outperform” rating on the stock. Finally, Royal Bank Of Canada assumed coverage on FirstService Corp. in a report on Tuesday, September 20th. They set an “outperform” rating and a $56.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. FirstService Corp. presently has an average rating of “Hold” and an average price target of $45.67.
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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