A number of other equities analysts have also commented on FSV. Raymond James Financial Inc. lowered FirstService Corp. from an outperform rating to a market perform rating in a research note on Tuesday, June 7th. Zacks Investment Research lowered FirstService Corp. from a strong-buy rating to a hold rating in a research note on Tuesday, June 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $45.67.
FirstService Corp. (NASDAQ:FSV) opened at 49.20 on Tuesday. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 62.92 and a beta of 0.57. FirstService Corp. has a one year low of $31.37 and a one year high of $53.15. The stock’s 50 day moving average price is $49.24 and its 200-day moving average price is $45.51.
FirstService Corp. (NASDAQ:FSV) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $0.52 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.52. FirstService Corp. had a return on equity of 19.20% and a net margin of 2.09%. The firm had revenue of $385.10 million for the quarter, compared to analyst estimates of $386.29 million. During the same quarter last year, the company earned $0.40 EPS. The company’s revenue was up 18.0% on a year-over-year basis. On average, equities research analysts expect that FirstService Corp. will post $1.55 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, September 30th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.44 dividend on an annualized basis and a yield of 0.89%. FirstService Corp.’s dividend payout ratio is currently 56.41%.
A number of large investors have recently modified their holdings of FSV. CIBC World Markets Inc. increased its position in shares of FirstService Corp. by 72.4% in the second quarter. CIBC World Markets Inc. now owns 331,535 shares of the company’s stock valued at $15,194,000 after buying an additional 139,234 shares during the last quarter. BB&T Securities LLC increased its position in shares of FirstService Corp. by 2.4% in the second quarter. BB&T Securities LLC now owns 13,719 shares of the company’s stock valued at $628,000 after buying an additional 322 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of FirstService Corp. by 10.4% in the first quarter. Renaissance Technologies LLC now owns 552,138 shares of the company’s stock valued at $22,606,000 after buying an additional 51,917 shares during the last quarter. TD Asset Management Inc. increased its position in shares of FirstService Corp. by 27.0% in the second quarter. TD Asset Management Inc. now owns 192,456 shares of the company’s stock valued at $8,757,000 after buying an additional 40,931 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of FirstService Corp. by 2.7% in the second quarter. Swiss National Bank now owns 57,200 shares of the company’s stock valued at $2,603,000 after buying an additional 1,500 shares during the last quarter. Institutional investors and hedge funds own 55.07% of the company’s stock.
About FirstService Corp.
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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