FirstService FY2025 EPS Estimate Increased by Stifel Canada

FirstService Co. (NASDAQ:FSV) (TSE:FSV) – Analysts at Stifel Canada upped their FY2025 earnings per share estimates for shares of FirstService in a research report issued on Monday, January 13th. Stifel Canada analyst D. Young now expects that the financial services provider will earn $5.18 per share for the year, up from their previous forecast of $5.07. The consensus estimate for FirstService’s current full-year earnings is $4.64 per share.

FirstService (NASDAQ:FSV) (TSE:FSV) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.21. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.32 billion. FirstService had a return on equity of 16.68% and a net margin of 2.19%. The business’s revenue for the quarter was up 25.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 earnings per share.

A number of other equities analysts also recently commented on FSV. TD Securities boosted their target price on shares of FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research note on Thursday, October 17th. StockNews.com raised FirstService from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Stifel Nicolaus raised their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research report on Monday, October 21st. Finally, Scotiabank boosted their target price on FirstService from $190.00 to $200.00 and gave the stock a “sector perform” rating in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, FirstService presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.33.

FirstService Trading Up 0.2 %

NASDAQ FSV opened at $180.06 on Wednesday. FirstService has a 52 week low of $141.26 and a 52 week high of $197.84. The firm has a 50 day moving average of $185.96 and a two-hundred day moving average of $179.32. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $8.15 billion, a PE ratio of 75.03 and a beta of 1.06.

Institutional Investors Weigh In On FirstService

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc purchased a new position in shares of FirstService during the fourth quarter worth approximately $29,000. Trust Co. of Vermont purchased a new stake in FirstService in the 4th quarter valued at $46,000. Wilmington Savings Fund Society FSB acquired a new stake in FirstService during the 3rd quarter worth $53,000. Benjamin Edwards Inc. grew its position in FirstService by 35.0% during the 2nd quarter. Benjamin Edwards Inc. now owns 351 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 91 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in FirstService in the third quarter valued at $66,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.

FirstService Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.56%. The ex-dividend date was Tuesday, December 31st. FirstService’s payout ratio is currently 41.67%.

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.