FY2024 EPS Estimates for FirstService Cut by Stifel Canada

FirstService Co. (NASDAQ:FSV) (TSE:FSV) – Stock analysts at Stifel Canada dropped their FY2024 earnings per share (EPS) estimates for FirstService in a research report issued to clients and investors on Sunday, January 26th. Stifel Canada analyst D. Young now forecasts that the financial services provider will earn $4.58 per share for the year, down from their prior forecast of $4.61. The consensus estimate for FirstService’s current full-year earnings is $4.64 per share. Stifel Canada also issued estimates for FirstService’s Q4 2024 earnings at $1.23 EPS.

A number of other analysts have also recently commented on the company. TD Securities boosted their price target on FirstService from $179.00 to $182.00 and gave the stock a “hold” rating in a research report on Thursday, October 17th. Stifel Nicolaus increased their target price on FirstService from $200.00 to $215.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Raymond James raised their price target on FirstService from $215.00 to $225.00 and gave the company an “outperform” rating in a report on Wednesday, January 22nd. StockNews.com upgraded shares of FirstService from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. Finally, Scotiabank raised their price objective on shares of FirstService from $190.00 to $200.00 and gave the company a “sector perform” rating in a research note on Tuesday, October 15th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $201.67.

FirstService Trading Down 1.3 %

NASDAQ FSV opened at $183.01 on Tuesday. The stock’s 50 day moving average is $185.54 and its 200 day moving average is $181.28. 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 firm has a market capitalization of $8.28 billion, a PE ratio of 76.25 and a beta of 1.06. FirstService has a twelve month low of $141.26 and a twelve month high of $197.84.

FirstService Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. FirstService’s dividend payout ratio (DPR) is presently 41.67%.

Hedge Funds Weigh In On FirstService

A number of hedge funds have recently made changes to their positions in FSV. Conestoga Capital Advisors LLC grew its stake in FirstService by 1.6% during the third quarter. Conestoga Capital Advisors LLC now owns 1,449,933 shares of the financial services provider’s stock valued at $264,555,000 after acquiring an additional 23,082 shares in the last quarter. Franklin Resources Inc. grew its position in shares of FirstService by 486.3% during the third quarter. Franklin Resources Inc. now owns 469,141 shares of the financial services provider’s stock valued at $87,308,000 after purchasing an additional 389,129 shares in the last quarter. Bank of Montreal Can grew its position in shares of FirstService by 19.7% during the third quarter. Bank of Montreal Can now owns 388,430 shares of the financial services provider’s stock valued at $69,992,000 after purchasing an additional 63,807 shares in the last quarter. Fiera Capital Corp increased its holdings in shares of FirstService by 24.1% in the fourth quarter. Fiera Capital Corp now owns 258,848 shares of the financial services provider’s stock worth $46,839,000 after purchasing an additional 50,265 shares during the last quarter. Finally, Baskin Financial Services Inc. lifted its position in shares of FirstService by 0.3% in the third quarter. Baskin Financial Services Inc. now owns 250,491 shares of the financial services provider’s stock worth $45,737,000 after buying an additional 636 shares in the last quarter. Institutional investors own 69.35% of the company’s stock.

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.